Dorman Products, Inc. (NASDAQ:DORM) Stake Lifted by GAMMA Investing LLC

GAMMA Investing LLC lifted its position in Dorman Products, Inc. (NASDAQ:DORM) by 63.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 483 shares of the auto parts company’s stock after buying an additional 187 shares during the period. GAMMA Investing LLC’s holdings in Dorman Products were worth $55,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Teachers Retirement System of The State of Kentucky boosted its holdings in shares of Dorman Products by 210.2% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 28,700 shares of the auto parts company’s stock worth $2,394,000 after purchasing an additional 19,447 shares during the period. UniSuper Management Pty Ltd bought a new position in shares of Dorman Products during the 1st quarter worth approximately $608,000. Assenagon Asset Management S.A. grew its holdings in shares of Dorman Products by 5.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 224,374 shares of the auto parts company’s stock worth $20,526,000 after purchasing an additional 10,915 shares during the last quarter. PEAK6 Investments LLC increased its holdings in shares of Dorman Products by 69.7% during the first quarter. PEAK6 Investments LLC now owns 30,896 shares of the auto parts company’s stock worth $2,978,000 after buying an additional 12,691 shares in the last quarter. Finally, SG Americas Securities LLC raised its position in Dorman Products by 1,595.0% in the 2nd quarter. SG Americas Securities LLC now owns 21,035 shares of the auto parts company’s stock valued at $1,924,000 after purchasing an additional 19,794 shares during the last quarter. 84.70% of the stock is owned by institutional investors and hedge funds.

Dorman Products Price Performance

NASDAQ:DORM opened at $117.75 on Thursday. The stock has a market capitalization of $3.65 billion, a PE ratio of 23.69 and a beta of 0.82. The firm has a fifty day simple moving average of $111.23 and a 200 day simple moving average of $99.52. Dorman Products, Inc. has a 1-year low of $60.01 and a 1-year high of $119.28. The company has a current ratio of 2.40, a quick ratio of 1.19 and a debt-to-equity ratio of 0.38.

Dorman Products (NASDAQ:DORM) last issued its quarterly earnings data on Thursday, August 1st. The auto parts company reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.48. Dorman Products had a return on equity of 15.97% and a net margin of 8.75%. The company had revenue of $502.95 million during the quarter, compared to analysts’ expectations of $497.46 million. During the same quarter in the previous year, the company posted $1.01 earnings per share. The business’s revenue was up 4.7% on a year-over-year basis. On average, research analysts expect that Dorman Products, Inc. will post 6.15 EPS for the current fiscal year.

Insider Buying and Selling

In other news, SVP Jeffery Darby sold 1,400 shares of Dorman Products stock in a transaction on Monday, August 26th. The shares were sold at an average price of $113.98, for a total transaction of $159,572.00. Following the transaction, the senior vice president now owns 22,271 shares in the company, valued at approximately $2,538,448.58. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP Jeffery Darby sold 1,400 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $113.98, for a total transaction of $159,572.00. Following the completion of the sale, the senior vice president now owns 22,271 shares of the company’s stock, valued at $2,538,448.58. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Steven L. Berman sold 2,669 shares of the stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $112.57, for a total transaction of $300,449.33. Following the transaction, the director now directly owns 876,156 shares in the company, valued at $98,628,880.92. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 53,297 shares of company stock worth $6,163,491 in the last three months. 10.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Separately, CJS Securities initiated coverage on Dorman Products in a research report on Friday, September 13th. They issued an “outperform” rating and a $134.00 price objective on the stock. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $113.33.

Dorman Products Profile

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.