Algert Global LLC Buys 20,289 Shares of Dorman Products, Inc. (NASDAQ:DORM)

Algert Global LLC increased its position in Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 51.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 59,438 shares of the auto parts company's stock after acquiring an additional 20,289 shares during the period. Algert Global LLC owned approximately 0.19% of Dorman Products worth $6,724,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of DORM. Cerity Partners LLC grew its stake in shares of Dorman Products by 50.8% in the third quarter. Cerity Partners LLC now owns 27,300 shares of the auto parts company's stock worth $3,088,000 after purchasing an additional 9,201 shares in the last quarter. Citigroup Inc. lifted its holdings in Dorman Products by 70.9% in the third quarter. Citigroup Inc. now owns 35,697 shares of the auto parts company's stock worth $4,038,000 after purchasing an additional 14,807 shares during the period. Charles Schwab Investment Management Inc. grew its position in Dorman Products by 1.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 350,615 shares of the auto parts company's stock valued at $39,662,000 after buying an additional 3,365 shares in the last quarter. Intech Investment Management LLC acquired a new position in Dorman Products during the 3rd quarter valued at about $2,014,000. Finally, Aurora Investment Counsel bought a new stake in shares of Dorman Products during the 3rd quarter worth about $1,904,000. 84.70% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Dorman Products

In related news, SVP Donna M. Long sold 3,277 shares of the firm's stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $134.79, for a total transaction of $441,706.83. Following the completion of the transaction, the senior vice president now owns 20,126 shares in the company, valued at $2,712,783.54. This trade represents a 14.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Scott Leff sold 5,536 shares of the business's stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $132.66, for a total transaction of $734,405.76. Following the completion of the sale, the senior vice president now owns 13,336 shares in the company, valued at $1,769,153.76. This represents a 29.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 63,110 shares of company stock valued at $7,492,584 in the last 90 days. 10.00% of the stock is currently owned by insiders.

Dorman Products Stock Up 1.8 %

Shares of Dorman Products stock traded up $2.43 on Friday, hitting $139.45. 228,442 shares of the company traded hands, compared to its average volume of 221,705. Dorman Products, Inc. has a 12-month low of $69.77 and a 12-month high of $146.60. The company has a quick ratio of 1.16, a current ratio of 2.34 and a debt-to-equity ratio of 0.37. The company has a market cap of $4.26 billion, a PE ratio of 23.32 and a beta of 0.83. The company has a 50-day moving average price of $121.08 and a 200 day moving average price of $106.21.

Dorman Products (NASDAQ:DORM - Get Free Report) last posted its earnings results on Thursday, October 31st. The auto parts company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.53 by $0.43. The company had revenue of $503.77 million during the quarter, compared to the consensus estimate of $509.54 million. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. The company's revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.40 earnings per share. Sell-side analysts predict that Dorman Products, Inc. will post 6.9 earnings per share for the current year.

Wall Street Analysts Forecast Growth

DORM has been the topic of a number of research analyst reports. CJS Securities started coverage on shares of Dorman Products in a research note on Friday, September 13th. They set an "outperform" rating and a $134.00 price objective on the stock. Roth Mkm reiterated a "buy" rating and set a $153.00 price target (up from $126.00) on shares of Dorman Products in a research report on Monday, November 4th. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $125.67.

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.