Semanteon Capital Management LP Acquires New Position in Dorman Products, Inc. (NASDAQ:DORM)

Semanteon Capital Management LP purchased a new position in Dorman Products, Inc. (NASDAQ:DORM) in the fourth quarter, HoldingsChannel reports. The firm purchased 10,152 shares of the auto parts company’s stock, valued at approximately $847,000.

A number of other institutional investors also recently made changes to their positions in DORM. Yorktown Management & Research Co Inc acquired a new stake in shares of Dorman Products in the 3rd quarter worth approximately $280,000. Park Avenue Securities LLC acquired a new stake in shares of Dorman Products in the 3rd quarter worth approximately $268,000. Inspire Advisors LLC bought a new stake in shares of Dorman Products in the 3rd quarter worth approximately $649,000. Summit Creek Advisors LLC raised its holdings in shares of Dorman Products by 0.4% in the 3rd quarter. Summit Creek Advisors LLC now owns 245,210 shares of the auto parts company’s stock worth $18,577,000 after purchasing an additional 876 shares in the last quarter. Finally, Jennison Associates LLC bought a new stake in shares of Dorman Products in the 3rd quarter worth approximately $13,507,000. 84.70% of the stock is owned by institutional investors and hedge funds.

Dorman Products Trading Up 1.3 %

Shares of DORM stock traded up $1.15 during trading hours on Friday, reaching $89.23. 73,775 shares of the stock traded hands, compared to its average volume of 115,426. Dorman Products, Inc. has a 1-year low of $60.01 and a 1-year high of $98.55. The business has a fifty day moving average price of $90.98 and a 200 day moving average price of $82.16. The company has a quick ratio of 1.09, a current ratio of 2.25 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $2.77 billion, a PE ratio of 21.70 and a beta of 0.81.

Dorman Products (NASDAQ:DORM) last released its quarterly earnings results on Monday, February 26th. The auto parts company reported $1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.16. Dorman Products had a net margin of 6.70% and a return on equity of 12.92%. The business had revenue of $494.30 million for the quarter, compared to analyst estimates of $494.86 million. During the same quarter in the previous year, the business earned $1.01 earnings per share. The firm’s revenue was down 1.4% compared to the same quarter last year. On average, equities research analysts forecast that Dorman Products, Inc. will post 5.55 EPS for the current year.

Analyst Ratings Changes

DORM has been the topic of a number of research reports. StockNews.com upgraded shares of Dorman Products from a “hold” rating to a “buy” rating in a report on Thursday, March 7th. Barrington Research reiterated an “outperform” rating and issued a $90.00 target price on shares of Dorman Products in a report on Tuesday, February 27th. TheStreet upgraded shares of Dorman Products from a “c+” rating to a “b” rating in a report on Wednesday, March 20th. Finally, Roth Mkm reiterated a “buy” rating and issued a $116.00 target price on shares of Dorman Products in a report on Monday, March 25th.

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.