Peak6 LLC Takes Position in Dorman Products, Inc. (NASDAQ:DORM)

Peak6 LLC bought a new position in Dorman Products, Inc. (NASDAQ:DORM) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 15,233 shares of the auto parts company’s stock, valued at approximately $1,973,000.

Several other institutional investors also recently bought and sold shares of the stock. Norges Bank purchased a new stake in shares of Dorman Products during the 4th quarter worth approximately $41,047,000. Wellington Management Group LLP lifted its position in Dorman Products by 1,136.2% during the fourth quarter. Wellington Management Group LLP now owns 174,717 shares of the auto parts company’s stock valued at $22,635,000 after purchasing an additional 160,584 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Dorman Products by 889.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 126,180 shares of the auto parts company’s stock valued at $16,347,000 after purchasing an additional 113,424 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Dorman Products by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 3,028,728 shares of the auto parts company’s stock worth $392,372,000 after buying an additional 91,361 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Dorman Products by 173.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 133,341 shares of the auto parts company’s stock valued at $15,084,000 after buying an additional 84,613 shares in the last quarter. 84.70% of the stock is owned by hedge funds and other institutional investors.

Dorman Products Stock Down 0.4 %

Shares of DORM opened at $111.18 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. The business has a fifty day moving average of $122.73 and a 200 day moving average of $126.73. The company has a market cap of $3.40 billion, a PE ratio of 18.59 and a beta of 0.87. Dorman Products, Inc. has a 52-week low of $86.61 and a 52-week high of $146.60.

Dorman Products (NASDAQ:DORM) last released its earnings results on Wednesday, February 26th. The auto parts company reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.99 by $0.21. The firm had revenue of $533.77 million during the quarter, compared to analyst estimates of $523.95 million. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. On average, sell-side analysts expect that Dorman Products, Inc. will post 6.9 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Dorman Products from a “buy” rating to a “strong-buy” rating in a research report on Friday.

Insider Activity

In other news, SVP Donna M. Long sold 742 shares of the business’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $130.38, for a total transaction of $96,741.96. Following the completion of the sale, the senior vice president now directly owns 19,894 shares of the company’s stock, valued at approximately $2,593,779.72. The trade was a 3.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Steven L. Berman sold 9,238 shares of the firm’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $132.73, for a total transaction of $1,226,159.74. Following the completion of the transaction, the director now directly owns 788,688 shares in the company, valued at $104,682,558.24. This represents a 1.16 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 24,679 shares of company stock valued at $3,253,409. 10.00% of the stock is currently owned by insiders.

About Dorman Products

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.