PEAK6 Investments LLC Makes New $1.10 Million Investment in Dorman Products, Inc. (NASDAQ:DORM)

PEAK6 Investments LLC acquired a new stake in shares of Dorman Products, Inc. (NASDAQ:DORM) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 9,716 shares of the auto parts company’s stock, valued at approximately $1,099,000.

Other large investors also recently modified their holdings of the company. Equitable Trust Co. grew its holdings in Dorman Products by 2.2% during the 3rd quarter. Equitable Trust Co. now owns 4,494 shares of the auto parts company’s stock valued at $508,000 after buying an additional 97 shares in the last quarter. Inspire Advisors LLC grew its stake in Dorman Products by 1.3% during the second quarter. Inspire Advisors LLC now owns 8,679 shares of the auto parts company’s stock valued at $794,000 after acquiring an additional 112 shares in the last quarter. Creative Planning increased its holdings in Dorman Products by 3.3% in the 2nd quarter. Creative Planning now owns 4,499 shares of the auto parts company’s stock valued at $412,000 after acquiring an additional 144 shares during the last quarter. First Horizon Advisors Inc. lifted its stake in Dorman Products by 28.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 662 shares of the auto parts company’s stock worth $75,000 after purchasing an additional 146 shares in the last quarter. Finally, Procyon Advisors LLC boosted its holdings in shares of Dorman Products by 7.1% during the 3rd quarter. Procyon Advisors LLC now owns 2,730 shares of the auto parts company’s stock valued at $309,000 after purchasing an additional 180 shares during the last quarter. Hedge funds and other institutional investors own 84.70% of the company’s stock.

Dorman Products Stock Performance

Dorman Products stock opened at $140.59 on Tuesday. The company’s 50-day moving average price is $124.05 and its 200-day moving average price is $108.46. The company has a quick ratio of 1.16, a current ratio of 2.34 and a debt-to-equity ratio of 0.37. The company has a market cap of $4.29 billion, a PE ratio of 23.51 and a beta of 0.83. Dorman Products, Inc. has a twelve month low of $74.09 and a twelve month high of $146.60.

Dorman Products (NASDAQ:DORM) last issued its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.43. The company had revenue of $503.77 million for the quarter, compared to analysts’ expectations of $509.54 million. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.40 earnings per share. On average, equities research analysts forecast that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

Insider Activity at Dorman Products

In other news, Director Steven L. Berman sold 27,632 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $115.72, for a total value of $3,197,575.04. Following the sale, the director now owns 936,024 shares of the company’s stock, valued at approximately $108,316,697.28. This represents a 2.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Jeffery Darby sold 2,400 shares of Dorman Products stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $124.98, for a total transaction of $299,952.00. Following the transaction, the senior vice president now directly owns 17,471 shares of the company’s stock, valued at approximately $2,183,525.58. This represents a 12.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 64,988 shares of company stock worth $7,795,833. Company insiders own 10.00% of the company’s stock.

Wall Street Analyst Weigh In

DORM has been the topic of several research reports. Roth Mkm reaffirmed a “buy” rating and issued a $153.00 target price (up from $126.00) on shares of Dorman Products in a report on Monday, November 4th. CJS Securities initiated coverage on Dorman Products in a report on Friday, September 13th. They set an “outperform” rating and a $134.00 price target for the company. Four analysts have rated the stock with a buy rating, According to MarketBeat.com, Dorman Products currently has a consensus rating of “Buy” and a consensus price target 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.