Jane Street Group LLC Purchases 7,536 Shares of Dorman Products, Inc. (NASDAQ:DORM)

Jane Street Group LLC increased its position in Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 19.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 46,853 shares of the auto parts company's stock after buying an additional 7,536 shares during the quarter. Jane Street Group LLC owned about 0.15% of Dorman Products worth $5,300,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in DORM. Tributary Capital Management LLC raised its position in Dorman Products by 0.6% in the second quarter. Tributary Capital Management LLC now owns 206,380 shares of the auto parts company's stock valued at $18,880,000 after purchasing an additional 1,149 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Dorman Products by 24.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,330 shares of the auto parts company's stock worth $579,000 after buying an additional 1,231 shares in the last quarter. Rothschild Investment LLC acquired a new stake in shares of Dorman Products during the second quarter worth approximately $66,000. Natixis Advisors LLC grew its position in shares of Dorman Products by 1.7% during the second quarter. Natixis Advisors LLC now owns 24,433 shares of the auto parts company's stock worth $2,235,000 after buying an additional 416 shares in the last quarter. Finally, Versor Investments LP acquired a new stake in shares of Dorman Products during the second quarter worth approximately $256,000. 84.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on DORM. Roth Mkm reissued a "buy" rating and set a $153.00 price target (up previously from $126.00) on shares of Dorman Products in a research report on Monday, November 4th. CJS Securities started coverage on shares of Dorman Products in a report on Friday, September 13th. They issued an "outperform" rating and a $134.00 price objective for the company. Four research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $125.67.

Insiders Place Their Bets

In other Dorman Products news, Director Steven L. Berman sold 2,669 shares of Dorman Products 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 owns 876,156 shares of the company's stock, valued at $98,628,880.92. The trade was a 0.30 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Donna M. Long sold 3,277 shares of the business's stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $134.79, for a total value of $441,706.83. Following the completion of the sale, the senior vice president now directly owns 20,126 shares of the company's stock, valued at approximately $2,712,783.54. The trade was a 14.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 43,141 shares of company stock worth $5,453,204. 10.00% of the stock is owned by corporate insiders.

Dorman Products Stock Performance

Shares of NASDAQ DORM traded down $2.69 during midday trading on Tuesday, reaching $134.23. 175,165 shares of the company traded hands, compared to its average volume of 137,768. Dorman Products, Inc. has a 52 week low of $79.20 and a 52 week high of $146.60. The stock has a 50-day moving average price of $129.38 and a 200 day moving average price of $111.80. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.34 and a quick ratio of 1.16. The company has a market cap of $4.10 billion, a price-to-earnings ratio of 22.45 and a beta of 0.87.

Dorman Products (NASDAQ:DORM - Get Free Report) last issued its quarterly 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. 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 analysts' expectations of $509.54 million. During the same period in the previous year, the business earned $1.40 earnings per share. Dorman Products's revenue for the quarter was up 3.2% compared to the same quarter last year. Sell-side analysts anticipate 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.