Readystate Asset Management LP Acquires Shares of 6,428 Dorman Products, Inc. (NASDAQ:DORM)

Readystate Asset Management LP 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 Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,428 shares of the auto parts company's stock, valued at approximately $727,000.

Several other hedge funds also recently bought and sold shares of DORM. Farther Finance Advisors LLC lifted its stake in shares of Dorman Products by 5,460.0% during the third quarter. Farther Finance Advisors LLC now owns 278 shares of the auto parts company's stock worth $31,000 after purchasing an additional 273 shares in the last quarter. Advisors Asset Management Inc. acquired a new stake in Dorman Products in the third quarter worth approximately $31,000. Quest Partners LLC acquired a new stake in shares of Dorman Products during the 2nd quarter valued at $37,000. Covestor Ltd raised its stake in Dorman Products by 781.4% during the 3rd quarter. Covestor Ltd now owns 379 shares of the auto parts company's stock valued at $43,000 after purchasing an additional 336 shares during the period. Finally, GAMMA Investing LLC increased its stake in shares of Dorman Products by 63.2% in the third quarter. GAMMA Investing LLC now owns 483 shares of the auto parts company's stock worth $55,000 after acquiring an additional 187 shares during the last quarter. Hedge funds and other institutional investors own 84.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on DORM shares. 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 price target for the company. Roth Mkm reaffirmed a "buy" rating and issued a $153.00 price objective (up from $126.00) on shares of Dorman Products in a research note on Monday, November 4th. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $125.67.

Dorman Products Stock Down 0.6 %

DORM stock traded down $0.78 during midday trading on Friday, hitting $138.47. The company's stock had a trading volume of 76,829 shares, compared to its average volume of 136,736. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.34 and a quick ratio of 1.16. Dorman Products, Inc. has a twelve month low of $74.24 and a twelve month high of $146.60. The company's fifty day moving average price is $126.03 and its 200 day moving average price is $109.55. The stock has a market capitalization of $4.23 billion, a P/E ratio of 23.16 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 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $509.54 million. During the same period in the previous year, the business earned $1.40 EPS. The company's revenue was up 3.2% compared to the same quarter last year. As a group, equities research analysts predict that Dorman Products, Inc. will post 6.9 EPS for the current year.

Insider Transactions at Dorman Products

In related news, SVP Jeffery Darby sold 2,400 shares of Dorman Products stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $118.98, for a total transaction of $285,552.00. Following the completion of the sale, the senior vice president now owns 19,871 shares of the company's stock, valued at approximately $2,364,251.58. The trade was a 10.78 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Steven L. Berman sold 215 shares of Dorman Products stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $117.01, for a total transaction of $25,157.15. Following the sale, the director now directly owns 881,298 shares of the company's stock, valued at $103,120,678.98. The trade was a 0.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 73,173 shares of company stock worth $8,936,331 in the last ninety days. Insiders own 10.00% of the company's stock.

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.