2,093 Shares in Dorman Products, Inc. (NASDAQ:DORM) Acquired by Verition Fund Management LLC

Verition Fund Management LLC bought a new position in Dorman Products, Inc. (NASDAQ:DORM) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,093 shares of the auto parts company’s stock, valued at approximately $237,000.

A number of other hedge funds have also added to or reduced their stakes in DORM. Fiera Capital Corp bought a new stake in Dorman Products in the third quarter worth approximately $25,571,000. Royce & Associates LP grew its holdings in Dorman Products by 17.6% during the third 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 grew its holdings in Dorman Products by 13.9% during the third quarter. Jennison Associates LLC now owns 454,852 shares of the auto parts company’s stock worth $51,453,000 after buying an additional 55,615 shares in the last quarter. Algert Global LLC grew its holdings in Dorman Products by 404.4% during the second quarter. Algert Global LLC now owns 39,149 shares of the auto parts company’s stock worth $3,581,000 after buying an additional 31,387 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in Dorman Products during the second quarter worth $2,807,000. 84.70% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Roth Mkm reaffirmed a “buy” rating and set a $153.00 price target (up previously from $126.00) on shares of Dorman Products in a research report on Monday, November 4th. CJS Securities started coverage on Dorman Products in a research report on Friday, September 13th. They set an “outperform” rating and a $134.00 price target on the stock. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $125.67.

Dorman Products Stock Down 1.9 %

Dorman Products stock opened at $137.23 on Monday. 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 has a market capitalization of $4.19 billion, a price-to-earnings ratio of 22.95 and a beta of 0.87. Dorman Products, Inc. has a 1-year low of $79.20 and a 1-year high of $146.60. The business has a fifty day moving average price of $128.82 and a 200-day moving average price of $111.48.

Dorman Products (NASDAQ:DORM) last released its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.96 earnings per share for the quarter, beating 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 return on equity of 16.95% and a net margin of 9.43%. The company’s revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the business posted $1.40 EPS. Equities research analysts forecast that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

Insider Activity

In other news, insider John Mcknight sold 8,185 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $139.34, for a total transaction of $1,140,497.90. Following the transaction, the insider now directly owns 8,902 shares in the company, valued at $1,240,404.68. The trade was a 47.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Eric Luftig sold 3,278 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $141.19, for a total value of $462,820.82. Following the transaction, the senior vice president now owns 5,934 shares in the company, valued at approximately $837,821.46. This represents a 35.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 45,541 shares of company stock worth $5,738,756 in the last ninety days. Company 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.