KLP Kapitalforvaltning AS Invests $933,000 in Dorman Products, Inc. (NASDAQ:DORM)

KLP Kapitalforvaltning AS purchased a new stake in shares of Dorman Products, Inc. (NASDAQ:DORM) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 7,200 shares of the auto parts company’s stock, valued at approximately $933,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. lifted its position in Dorman Products by 1.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 350,615 shares of the auto parts company’s stock valued at $39,662,000 after buying an additional 3,365 shares during the last quarter. Citigroup Inc. raised its stake in shares of Dorman Products by 70.9% in the 3rd quarter. Citigroup Inc. now owns 35,697 shares of the auto parts company’s stock valued at $4,038,000 after acquiring an additional 14,807 shares during the period. FMR LLC lifted its holdings in shares of Dorman Products by 63.5% in the 3rd quarter. FMR LLC now owns 3,322 shares of the auto parts company’s stock worth $376,000 after acquiring an additional 1,290 shares during the last quarter. PEAK6 Investments LLC purchased a new position in shares of Dorman Products during the 3rd quarter worth approximately $1,099,000. Finally, Walleye Capital LLC acquired a new stake in Dorman Products in the 3rd quarter valued at approximately $350,000. 84.70% of the stock is currently owned by institutional investors and hedge funds.

Dorman Products Stock Down 0.1 %

Shares of NASDAQ:DORM opened at $120.54 on Tuesday. The firm has a market capitalization of $3.69 billion, a PE ratio of 20.16 and a beta of 0.84. Dorman Products, Inc. has a 1 year low of $86.61 and a 1 year high of $146.60. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.34 and a quick ratio of 1.16. The firm’s 50-day moving average is $127.69 and its two-hundred day moving average is $126.87.

Dorman Products (NASDAQ:DORM) last announced its earnings results on Wednesday, February 26th. The auto parts company reported $2.20 earnings per share for the quarter, topping the consensus estimate of $1.99 by $0.21. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. The firm had revenue of $533.77 million for the quarter, compared to the consensus estimate of $523.95 million. Analysts predict that Dorman Products, Inc. will post 6.9 EPS for the current year.

Insider Activity

In other news, SVP Donna M. Long sold 742 shares of the business’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $130.38, for a total transaction of $96,741.96. Following the completion of the transaction, the senior vice president now directly owns 19,894 shares of the company’s stock, valued at approximately $2,593,779.72. The trade was a 3.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Steven L. Berman sold 285 shares of the company’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $123.50, for a total transaction of $35,197.50. Following the sale, the director now owns 833,527 shares in the company, valued at $102,940,584.50. The trade was a 0.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 30,842 shares of company stock worth $4,048,449. Corporate insiders own 10.00% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Dorman Products from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 14th.

About Dorman Products

Dorman Products, Inc supplies replacement and upgrade parts for passenger cars, light trucks, medium- and heavy-duty trucks, utility terrain vehicles, and all-terrain vehicles in the motor vehicle aftermarket industry in the United States and internationally. It offers engine products, including intake and exhaust manifolds, fans, thermostat housings, and throttle bodies; undercar products comprising fluid lines, fluid reservoirs, connectors, 4-wheel drive components and axles, drain plugs, other engine, and transmission and axle components; steering and suspension products consist of control arms, ball joints, tie-rod ends, brake hardware and hydraulics, wheel and axle hardware, suspension arms, knuckles, links, bushings, and leaf springs, as well as other suspension, steering, and brake components; body products, such as door handles and hinges, window lift motors, window regulators, switches and handles, wiper components, lighting, electrical, and other interior and exterior vehicle body components, including windshields for UTVs; electronics products comprise new and remanufactured modules, clusters and sensors; and hardware products, such as threaded bolts and auto body fasteners, automotive and home electrical wiring components, and other hardware assortments and merchandise.