PEAK6 Investments LLC Purchases New Holdings in Dorman Products, Inc. (NASDAQ:DORM)

PEAK6 Investments LLC purchased a new position in shares of Dorman Products, Inc. (NASDAQ:DORM - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 9,716 shares of the auto parts company's stock, valued at approximately $1,099,000.

Several other hedge funds have also recently bought and sold shares of DORM. Dimensional Fund Advisors LP raised its stake in shares of Dorman Products by 2.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,029,044 shares of the auto parts company's stock valued at $94,136,000 after purchasing an additional 24,811 shares in the last quarter. Royce & Associates LP raised its position in shares of Dorman Products by 17.6% during the 3rd quarter. Royce & Associates LP now owns 523,882 shares of the auto parts company's stock worth $59,262,000 after buying an additional 78,496 shares in the last quarter. Jennison Associates LLC lifted its stake in shares of Dorman Products by 13.9% in the 3rd quarter. Jennison Associates LLC now owns 454,852 shares of the auto parts company's stock worth $51,453,000 after acquiring an additional 55,615 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Dorman Products by 1.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 350,615 shares of the auto parts company's stock valued at $39,662,000 after acquiring an additional 3,365 shares in the last quarter. Finally, WCM Investment Management LLC increased its stake in shares of Dorman Products by 2.3% during the third quarter. WCM Investment Management LLC now owns 302,620 shares of the auto parts company's stock valued at $34,372,000 after acquiring an additional 6,754 shares during the period. 84.70% of the stock is currently owned by institutional investors.

Dorman Products Stock Down 1.5 %

NASDAQ:DORM traded down $2.13 during trading hours on Tuesday, hitting $138.46. 106,809 shares of the company's stock traded hands, compared to its average volume of 137,116. The stock's fifty day moving average price is $124.05 and its two-hundred day moving average price is $108.46. The firm has a market cap of $4.23 billion, a P/E ratio of 23.23 and a beta of 0.87. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 2.34. Dorman Products, Inc. has a twelve month low of $74.09 and a twelve month high of $146.60.

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

Insider Activity

In other Dorman Products news, SVP Donna M. Long sold 3,277 shares of the 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 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Eric Luftig sold 3,278 shares of the business's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $141.19, for a total transaction of $462,820.82. Following the completion of the sale, the senior vice president now owns 5,934 shares of the company's stock, valued at $837,821.46. The trade was a 35.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 64,988 shares of company stock worth $7,795,833 in the last three months. 10.00% of the stock is owned by insiders.

Analysts Set New Price Targets

DORM has been the subject of a number of recent research reports. Roth Mkm reiterated a "buy" rating and set a $153.00 price objective (up previously from $126.00) on shares of Dorman Products in a research report on Monday, November 4th. CJS Securities assumed 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 for the company. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Dorman Products has a consensus rating of "Buy" and an average target price of $125.67.

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.