Dorman Products, Inc. (NASDAQ:DORM) Shares Bought by Algert Global LLC

Algert Global LLC raised its position in Dorman Products, Inc. (NASDAQ:DORM) by 404.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,149 shares of the auto parts company’s stock after acquiring an additional 31,387 shares during the period. Algert Global LLC owned approximately 0.13% of Dorman Products worth $3,581,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Dorman Products by 1.4% in the first quarter. Vanguard Group Inc. now owns 3,032,285 shares of the auto parts company’s stock valued at $292,282,000 after acquiring an additional 41,849 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Dorman Products by 2.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,029,044 shares of the auto parts company’s stock worth $94,136,000 after buying an additional 24,811 shares during the last quarter. Jennison Associates LLC raised its holdings in shares of Dorman Products by 73.1% in the first quarter. Jennison Associates LLC now owns 283,387 shares of the auto parts company’s stock worth $27,316,000 after buying an additional 119,707 shares during the last quarter. Summit Creek Advisors LLC raised its holdings in shares of Dorman Products by 0.6% in the first quarter. Summit Creek Advisors LLC now owns 227,303 shares of the auto parts company’s stock worth $21,910,000 after buying an additional 1,400 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in shares of Dorman Products by 5.1% in the second quarter. Assenagon Asset Management S.A. now owns 224,374 shares of the auto parts company’s stock worth $20,526,000 after buying an additional 10,915 shares during the last quarter. 84.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP Jeffery Darby sold 1,400 shares of the firm’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $98.98, for a total transaction of $138,572.00. Following the completion of the transaction, the senior vice president now owns 25,071 shares of the company’s stock, valued at $2,481,527.58. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Dorman Products news, Director Steven L. Berman sold 16,071 shares of Dorman Products stock in a transaction on 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. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Jeffery Darby sold 1,400 shares of Dorman Products stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $98.98, for a total transaction of $138,572.00. Following the completion of the transaction, the senior vice president now directly owns 25,071 shares of the company’s stock, valued at approximately $2,481,527.58. The disclosure for this sale can be found here. Insiders sold a total of 51,849 shares of company stock valued at $5,980,938 over the last 90 days. Insiders own 10.00% of the company’s stock.

Dorman Products Trading Down 0.4 %

Shares of Dorman Products stock opened at $113.12 on Tuesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.40 and a quick ratio of 1.19. The firm has a fifty day moving average price of $108.58 and a 200 day moving average price of $97.98. Dorman Products, Inc. has a 1 year low of $60.01 and a 1 year high of $119.28. The stock has a market cap of $3.51 billion, a PE ratio of 22.76 and a beta of 0.83.

Dorman Products (NASDAQ:DORM) last issued its earnings results on Thursday, August 1st. The auto parts company reported $1.67 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $502.95 million during the quarter, compared to analysts’ expectations of $497.46 million. During the same quarter last year, the company posted $1.01 earnings per share. The firm’s revenue was up 4.7% compared to the same quarter last year. Equities research analysts predict that Dorman Products, Inc. will post 6.15 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on DORM. Roth Mkm reaffirmed a “buy” rating and issued a $116.00 price target on shares of Dorman Products in a report on Friday, June 14th. CJS Securities began coverage on shares of Dorman Products in a report on Friday, September 13th. They issued an “outperform” rating and a $134.00 price target for the company. Four equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price 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.