PEAK6 Investments LLC Makes New $1.52 Million Investment in Dorman Products, Inc. (NASDAQ:DORM)

PEAK6 Investments LLC acquired a new stake in shares of Dorman Products, Inc. (NASDAQ:DORMFree Report) during the fourth quarter, Holdings Channel.com reports. The firm acquired 18,205 shares of the auto parts company’s stock, valued at approximately $1,518,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Parallel Advisors LLC raised its position in Dorman Products by 277.4% in the 4th quarter. Parallel Advisors LLC now owns 317 shares of the auto parts company’s stock worth $26,000 after purchasing an additional 233 shares during the period. Headinvest LLC bought a new position in shares of Dorman Products during the third quarter valued at approximately $30,000. Quest Partners LLC purchased a new stake in shares of Dorman Products in the fourth quarter worth approximately $37,000. Quantbot Technologies LP lifted its stake in shares of Dorman Products by 17.5% during the 3rd quarter. Quantbot Technologies LP now owns 1,375 shares of the auto parts company’s stock worth $104,000 after acquiring an additional 205 shares during the last quarter. Finally, Cerity Partners LLC purchased a new position in Dorman Products during the 4th quarter valued at $230,000. Hedge funds and other institutional investors own 84.70% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on DORM shares. Roth Mkm reiterated a “buy” rating and set a $116.00 target price on shares of Dorman Products in a research report on Monday, March 25th. TheStreet upgraded shares of Dorman Products from a “c+” rating to a “b” rating in a report on Wednesday, March 20th. StockNews.com upgraded shares of Dorman Products from a “hold” rating to a “buy” rating in a research note on Thursday, March 7th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $90.00 target price on shares of Dorman Products in a research report on Tuesday, February 27th.

Check Out Our Latest Research Report on DORM

Dorman Products Price Performance

DORM opened at $89.81 on Tuesday. The company has a market capitalization of $2.79 billion, a price-to-earnings ratio of 18.07 and a beta of 0.83. The company has a current ratio of 2.50, a quick ratio of 1.17 and a debt-to-equity ratio of 0.40. Dorman Products, Inc. has a 12-month low of $60.01 and a 12-month high of $98.55. The business’s fifty day simple moving average is $91.52 and its 200-day simple moving average is $86.54.

Dorman Products (NASDAQ:DORMGet Free Report) last released its quarterly earnings data on Tuesday, May 7th. The auto parts company reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.49. The company had revenue of $468.70 million during the quarter, compared to analyst estimates of $472.35 million. Dorman Products had a net margin of 8.10% and a return on equity of 14.61%. The firm’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.56 earnings per share. On average, equities research analysts anticipate that Dorman Products, Inc. will post 5.64 earnings per share for the current fiscal year.

Insider Activity

In related news, SVP Donna M. Long sold 500 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $92.06, for a total value of $46,030.00. Following the completion of the transaction, the senior vice president now owns 20,126 shares of the company’s stock, valued at $1,852,799.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 10.00% of the company’s stock.

About Dorman Products

(Free Report)

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.

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Institutional Ownership by Quarter for Dorman Products (NASDAQ:DORM)

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