Dorman Products, Inc. (NASDAQ:DORM) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC raised its holdings in Dorman Products, Inc. (NASDAQ:DORM) by 38.9% during the 4th quarter, Holdings Channel reports. The firm owned 671 shares of the auto parts company’s stock after buying an additional 188 shares during the quarter. GAMMA Investing LLC’s holdings in Dorman Products were worth $87,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in DORM. Fiera Capital Corp purchased a new position in shares of Dorman Products during the 3rd quarter valued at approximately $25,571,000. State Street Corp raised its position in Dorman Products by 8.6% during the third quarter. State Street Corp now owns 1,108,327 shares of the auto parts company’s stock worth $125,374,000 after acquiring an additional 87,780 shares during the period. JPMorgan Chase & Co. lifted its holdings in Dorman Products by 173.6% during the third quarter. JPMorgan Chase & Co. now owns 133,341 shares of the auto parts company’s stock valued at $15,084,000 after purchasing an additional 84,613 shares in the last quarter. Royce & Associates LP lifted its holdings in Dorman Products by 17.6% during the third quarter. Royce & Associates LP now owns 523,882 shares of the auto parts company’s stock valued at $59,262,000 after purchasing an additional 78,496 shares in the last quarter. Finally, Jennison Associates LLC grew its position in shares of Dorman Products by 13.9% in the third quarter. Jennison Associates LLC now owns 454,852 shares of the auto parts company’s stock valued at $51,453,000 after purchasing an additional 55,615 shares during the period. 84.70% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Roth Mkm reiterated a “buy” rating and issued a $153.00 price objective (up from $126.00) on shares of Dorman Products in a report on Monday, November 4th. Four equities research 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 price target of $125.67.

Insider Buying and Selling

In related news, Director Steven L. Berman sold 8,485 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $136.83, for a total transaction of $1,161,002.55. Following the completion of the sale, the director now directly owns 867,671 shares in the company, valued at approximately $118,723,422.93. This trade represents a 0.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Eric Luftig sold 3,278 shares of Dorman Products stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $141.19, for a total transaction of $462,820.82. Following the transaction, the senior vice president now directly owns 5,934 shares in the company, valued at $837,821.46. This trade represents a 35.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 33,924 shares of company stock worth $4,606,861. 10.00% of the stock is owned by corporate insiders.

Dorman Products Trading Down 3.2 %

Shares of DORM opened at $121.75 on Friday. Dorman Products, Inc. has a 52-week low of $79.31 and a 52-week high of $146.60. The stock has a market cap of $3.72 billion, a PE ratio of 20.36 and a beta of 0.89. The firm’s fifty day moving average is $134.75 and its two-hundred day moving average is $116.71. The company has a quick ratio of 1.16, a current ratio of 2.34 and a debt-to-equity ratio of 0.37.

Dorman Products (NASDAQ:DORM) last posted its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.53 by $0.43. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. The firm had revenue of $503.77 million for the quarter, compared to analyst estimates of $509.54 million. During the same period in the previous year, the business posted $1.40 earnings per share. Dorman Products’s quarterly revenue was up 3.2% on a year-over-year basis. Research analysts forecast that Dorman Products, Inc. will post 6.9 earnings per share for the current fiscal year.

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.