Peak6 LLC Purchases New Stake in Dorman Products, Inc. (NASDAQ:DORM)

PEAK6 LLC purchased a new position in shares of Dorman Products, Inc. (NASDAQ:DORM - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 15,233 shares of the auto parts company's stock, valued at approximately $1,973,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DORM. Jones Financial Companies Lllp boosted its holdings in shares of Dorman Products by 518.4% during the 4th quarter. Jones Financial Companies Lllp now owns 235 shares of the auto parts company's stock worth $30,000 after purchasing an additional 197 shares during the last quarter. Quent Capital LLC purchased a new stake in Dorman Products during the fourth quarter worth about $31,000. Westside Investment Management Inc. acquired a new stake in Dorman Products during the 3rd quarter worth approximately $29,000. CIBC Private Wealth Group LLC raised its stake in shares of Dorman Products by 163.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 277 shares of the auto parts company's stock valued at $35,000 after acquiring an additional 172 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. purchased a new position in shares of Dorman Products in the 4th quarter valued at about $42,000. 84.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Dorman Products from a "buy" rating to a "strong-buy" rating in a report on Friday, April 18th.

Insider Activity

In other Dorman Products news, Director Steven L. Berman sold 8,524 shares of the business's stock in a transaction dated Wednesday, January 29th. The stock was sold at an average price of $131.79, for a total transaction of $1,123,377.96. Following the transaction, the director now owns 773,094 shares in the company, valued at $101,886,058.26. The trade was a 1.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Donna M. Long sold 742 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $130.38, for a total value of $96,741.96. Following the completion of the transaction, the senior vice president now owns 19,894 shares of the company's stock, valued at approximately $2,593,779.72. This represents a 3.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 18,504 shares of company stock worth $2,446,280 over the last three months. 10.00% of the stock is currently owned by corporate insiders.

Dorman Products Stock Performance

Shares of NASDAQ:DORM traded down $0.49 during trading on Friday, reaching $113.71. The company had a trading volume of 56,231 shares, compared to its average volume of 229,898. Dorman Products, Inc. has a fifty-two week low of $86.77 and a fifty-two week high of $146.60. The firm has a market capitalization of $3.47 billion, a price-to-earnings ratio of 19.02 and a beta of 0.87. 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 stock's fifty day moving average price is $121.54 and its 200 day moving average price is $126.66.

Dorman Products (NASDAQ:DORM - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The auto parts company reported $2.20 earnings per share for the quarter, topping analysts' consensus estimates of $1.99 by $0.21. The firm had revenue of $533.77 million for the quarter, compared to analyst estimates of $523.95 million. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. As a group, equities research analysts predict that Dorman Products, Inc. will post 6.9 EPS for the current year.

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.