Cubist Systematic Strategies LLC Purchases Shares of 30,687 Dorman Products, Inc. (NASDAQ:DORM)

Cubist Systematic Strategies LLC acquired a new position in Dorman Products, Inc. (NASDAQ:DORM) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 30,687 shares of the auto parts company’s stock, valued at approximately $2,807,000.

A number of other institutional investors have also made changes to their positions in the business. Parallel Advisors LLC grew 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 last quarter. YHB Investment Advisors Inc. acquired a new stake in Dorman Products during the first quarter worth about $34,000. Quest Partners LLC bought a new position in Dorman Products during the second quarter valued at about $37,000. Mather Group LLC. acquired a new position in Dorman Products in the 1st quarter valued at approximately $48,000. Finally, Rothschild Investment LLC bought a new stake in shares of Dorman Products in the 2nd quarter worth approximately $66,000. 84.70% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on DORM shares. CJS Securities assumed coverage on Dorman Products in a research note on Friday, September 13th. They issued an “outperform” rating and a $134.00 target price for the company. Roth Mkm restated a “buy” rating and issued a $116.00 price objective on shares of Dorman Products in a research note on Friday, June 14th. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Dorman Products has a consensus rating of “Buy” and a consensus price target of $113.33.

Insiders Place Their Bets

In other news, Director Steven L. Berman sold 215 shares of Dorman Products stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $117.01, for a total value of $25,157.15. Following the completion of the transaction, the director now owns 881,298 shares in the company, valued at $103,120,678.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Dorman Products news, Director Steven L. Berman sold 215 shares of the business’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $117.01, for a total value of $25,157.15. Following the completion of the transaction, the director now directly owns 881,298 shares of the company’s stock, valued at $103,120,678.98. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Steven L. Berman sold 27,632 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $115.72, for a total transaction of $3,197,575.04. Following the sale, the director now directly owns 936,024 shares in the company, valued at $108,316,697.28. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 51,849 shares of company stock valued at $5,980,938. 10.00% of the stock is currently owned by insiders.

Dorman Products Price Performance

Dorman Products stock opened at $113.58 on Monday. The business has a 50 day simple moving average of $108.34 and a 200 day simple moving average of $97.82. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.40 and a quick ratio of 1.19. The company has a market capitalization of $3.52 billion, a PE ratio of 22.85 and a beta of 0.83. Dorman Products, Inc. has a one year low of $60.01 and a one year high of $119.28.

Dorman Products (NASDAQ:DORM) last issued its earnings results on Thursday, August 1st. The auto parts company reported $1.67 EPS for the quarter, beating the consensus estimate of $1.19 by $0.48. The company had revenue of $502.95 million for the quarter, compared to the consensus estimate of $497.46 million. Dorman Products had a net margin of 8.75% and a return on equity of 15.97%. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.01 EPS. On average, sell-side analysts forecast that Dorman Products, Inc. will post 6.15 EPS for the current fiscal year.

Dorman Products Company 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.