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

PEAK6 Investments LLC purchased a new position in Dorman Products, Inc. (NASDAQ:DORM) during the third quarter, HoldingsChannel reports. The firm purchased 9,716 shares of the auto parts company’s stock, valued at approximately $1,099,000.

Other institutional investors also recently added to or reduced their stakes in the company. Equitable Trust Co. boosted its position in Dorman Products by 2.2% in 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 during the period. Inspire Advisors LLC raised its stake in shares of 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 boosted its holdings in shares of Dorman Products by 3.3% in the second quarter. Creative Planning now owns 4,499 shares of the auto parts company’s stock valued at $412,000 after purchasing an additional 144 shares during the period. First Horizon Advisors Inc. grew its stake in Dorman Products by 28.3% in the third 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 increased its holdings in Dorman Products by 7.1% during the 3rd quarter. Procyon Advisors LLC now owns 2,730 shares of the auto parts company’s stock worth $309,000 after purchasing an additional 180 shares during the period. Hedge funds and other institutional investors own 84.70% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on DORM. CJS Securities assumed coverage on Dorman Products in a report on Friday, September 13th. They issued an “outperform” rating and a $134.00 target price 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 research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $125.67.

Dorman Products Price Performance

DORM opened at $140.59 on Tuesday. The firm has a market capitalization of $4.29 billion, a PE ratio of 23.51 and a beta of 0.83. 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 business’s 50-day moving average is $124.05 and its two-hundred day moving average is $108.46. Dorman Products, Inc. has a 1 year low of $74.09 and a 1 year 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 (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $509.54 million. During the same quarter in the previous year, the firm earned $1.40 EPS. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. Research analysts anticipate that Dorman Products, Inc. will post 6.9 earnings per share for the current fiscal year.

Insider Transactions at Dorman Products

In other Dorman Products news, SVP Scott Leff sold 5,536 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $132.66, for a total transaction of $734,405.76. Following the transaction, the senior vice president now owns 13,336 shares in the company, valued at approximately $1,769,153.76. This represents a 29.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Steven L. Berman sold 27,632 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $115.72, for a total transaction of $3,197,575.04. Following the completion of the transaction, the director now directly owns 936,024 shares of the company’s stock, valued at approximately $108,316,697.28. This represents a 2.87 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 64,988 shares of company stock valued at $7,795,833. Corporate 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.