Dorman Products, Inc. (NASDAQ:DORM) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC grew its position in Dorman Products, Inc. (NASDAQ:DORM) by 38.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 671 shares of the auto parts company’s stock after purchasing an additional 188 shares during the quarter. GAMMA Investing LLC’s holdings in Dorman Products were worth $87,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in DORM. Fiera Capital Corp acquired a new position in Dorman Products during the 3rd quarter valued at about $25,571,000. State Street Corp grew its stake in shares of Dorman Products by 8.6% during the third quarter. State Street Corp now owns 1,108,327 shares of the auto parts company’s stock worth $125,374,000 after acquiring an additional 87,780 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Dorman Products by 173.6% during the third quarter. JPMorgan Chase & Co. now owns 133,341 shares of the auto parts company’s stock valued at $15,084,000 after acquiring an additional 84,613 shares in the last quarter. Royce & Associates LP raised its position in shares of Dorman Products by 17.6% in the 3rd quarter. Royce & Associates LP now owns 523,882 shares of the auto parts company’s stock valued at $59,262,000 after purchasing an additional 78,496 shares during the last quarter. Finally, Jennison Associates LLC boosted its stake in Dorman Products by 13.9% in the 3rd quarter. Jennison Associates LLC now owns 454,852 shares of the auto parts company’s stock worth $51,453,000 after purchasing an additional 55,615 shares in the last quarter. 84.70% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Roth Mkm restated a “buy” rating and set a $153.00 price target (up previously 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, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $125.67.

Dorman Products Trading Down 3.2 %

Shares of NASDAQ:DORM opened at $121.75 on Friday. The company has a quick ratio of 1.16, a current ratio of 2.34 and a debt-to-equity ratio of 0.37. Dorman Products, Inc. has a 52-week low of $79.31 and a 52-week high of $146.60. The stock has a market cap of $3.72 billion, a price-to-earnings ratio of 20.36 and a beta of 0.89. The business has a 50-day moving average price of $134.75 and a 200-day moving average price of $116.71.

Dorman Products (NASDAQ:DORM) last issued its quarterly earnings results 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. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. The company had revenue of $503.77 million for the quarter, compared to the consensus estimate of $509.54 million. During the same quarter in the prior year, the company earned $1.40 EPS. Dorman Products’s quarterly revenue was up 3.2% on a year-over-year basis. Equities analysts predict that Dorman Products, Inc. will post 6.9 EPS for the current year.

Insider Buying and Selling

In other Dorman Products news, SVP Donna M. Long sold 3,277 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $134.79, for a total value of $441,706.83. Following the sale, the senior vice president now owns 20,126 shares in the company, valued at approximately $2,712,783.54. This represents a 14.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Jeffery Darby sold 2,400 shares of Dorman Products stock in a transaction that occurred on Friday, November 1st. The shares were 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 trade represents a 12.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 33,924 shares of company stock valued at $4,606,861 over the last 90 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.