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

Cubist Systematic Strategies LLC acquired a new stake in Dorman Products, Inc. (NASDAQ:DORM - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 30,687 shares of the auto parts company's stock, valued at approximately $2,807,000. Cubist Systematic Strategies LLC owned 0.10% of Dorman Products at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Inspire Advisors LLC grew its holdings in Dorman Products by 1.3% in the 2nd quarter. Inspire Advisors LLC now owns 8,679 shares of the auto parts company's stock valued at $794,000 after buying an additional 112 shares in the last quarter. Orion Portfolio Solutions LLC grew its stake in shares of Dorman Products by 0.8% in the first quarter. Orion Portfolio Solutions LLC now owns 13,659 shares of the auto parts company's stock valued at $1,317,000 after acquiring an additional 114 shares in the last quarter. Creative Planning increased its position in Dorman Products by 3.3% during the second quarter. Creative Planning now owns 4,499 shares of the auto parts company's stock worth $412,000 after acquiring an additional 144 shares during the period. Park Avenue Securities LLC raised its stake in Dorman Products by 4.6% in the 1st quarter. Park Avenue Securities LLC now owns 3,508 shares of the auto parts company's stock worth $338,000 after purchasing an additional 155 shares in the last quarter. Finally, Sei Investments Co. boosted its holdings in Dorman Products by 2.2% in the 2nd quarter. Sei Investments Co. now owns 8,878 shares of the auto parts company's stock valued at $812,000 after purchasing an additional 190 shares during the period. Institutional investors and hedge funds own 84.70% of the company's stock.

Insider Activity at Dorman Products

In related news, Director Steven L. Berman sold 27,632 shares of the company's 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 completion of the transaction, the director now directly owns 936,024 shares in the company, valued at $108,316,697.28. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Steven L. Berman sold 27,632 shares of the business's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $115.72, for a total transaction of $3,197,575.04. Following the sale, the director now owns 936,024 shares in the company, valued at $108,316,697.28. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Steven L. Berman sold 16,071 shares of the stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $116.55, for a total value of $1,873,075.05. Following the completion of the transaction, the director now owns 888,656 shares of the company's stock, valued at $103,572,856.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 52,028 shares of company stock valued at $6,001,614 over the last ninety days. 10.00% of the stock is owned by corporate insiders.

Dorman Products Price Performance

Shares of NASDAQ:DORM traded up $3.42 during midday trading on Friday, hitting $113.92. The stock had a trading volume of 103,948 shares, compared to its average volume of 128,768. The company has a quick ratio of 1.19, a current ratio of 2.40 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $3.53 billion, a P/E ratio of 22.92 and a beta of 0.82. The company's 50-day moving average price is $110.51 and its 200-day moving average price is $99.10. Dorman Products, Inc. has a fifty-two week low of $60.01 and a fifty-two week high of $119.28.

Dorman Products (NASDAQ:DORM - Get Free Report) last announced its quarterly earnings data 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. Dorman Products had a net margin of 8.75% and a return on equity of 15.97%. The business had revenue of $502.95 million during the quarter, compared to the consensus estimate of $497.46 million. During the same period in the previous year, the business earned $1.01 earnings per share. The company's revenue was up 4.7% on a year-over-year basis. As a group, equities research analysts predict that Dorman Products, Inc. will post 6.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on DORM. CJS Securities started coverage on shares of Dorman Products in a report on Friday, September 13th. They set an "outperform" rating and a $134.00 target price on the stock. Roth Mkm restated a "buy" rating and set a $116.00 price objective on shares of Dorman Products in a research note on Friday, June 14th. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target 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.