PEAK6 Investments LLC Purchases 12,691 Shares of Dorman Products, Inc. (NASDAQ:DORM)

PEAK6 Investments LLC increased its position in Dorman Products, Inc. (NASDAQ:DORM) by 69.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,896 shares of the auto parts company’s stock after acquiring an additional 12,691 shares during the quarter. PEAK6 Investments LLC owned about 0.10% of Dorman Products worth $2,978,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Orion Portfolio Solutions LLC grew its position in Dorman Products by 0.8% in the 1st quarter. Orion Portfolio Solutions LLC now owns 13,659 shares of the auto parts company’s stock worth $1,317,000 after purchasing an additional 114 shares during the last quarter. Park Avenue Securities LLC boosted its position in shares of Dorman Products by 4.6% during the 1st quarter. Park Avenue Securities LLC now owns 3,508 shares of the auto parts company’s stock valued at $338,000 after acquiring an additional 155 shares in the last quarter. Corient Private Wealth LLC boosted its position in shares of Dorman Products by 3.2% during the 4th quarter. Corient Private Wealth LLC now owns 5,823 shares of the auto parts company’s stock valued at $486,000 after acquiring an additional 181 shares in the last quarter. Sei Investments Co. boosted its position in shares of Dorman Products by 2.6% during the 1st quarter. Sei Investments Co. now owns 8,688 shares of the auto parts company’s stock valued at $837,000 after acquiring an additional 221 shares in the last quarter. Finally, Parallel Advisors LLC boosted its position in Dorman Products by 277.4% in the fourth quarter. Parallel Advisors LLC now owns 317 shares of the auto parts company’s stock valued at $26,000 after buying an additional 233 shares in the last quarter. 84.70% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Dorman Products news, SVP Jeffery Darby sold 1,400 shares of the company’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 sale, the senior vice president now directly owns 25,071 shares of the company’s stock, valued at $2,481,527.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, SVP Jeffery Darby sold 1,400 shares of the stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $98.98, for a total value of $138,572.00. Following the transaction, the senior vice president now directly owns 25,071 shares of the company’s stock, valued at $2,481,527.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Donna M. Long sold 500 shares of the stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $92.06, for a total transaction of $46,030.00. Following the completion of the transaction, the senior vice president now directly owns 20,126 shares in the company, valued at $1,852,799.56. The disclosure for this sale can be found here. Insiders own 10.00% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Roth Mkm reaffirmed a “buy” rating and issued a $116.00 target price on shares of Dorman Products in a research note on Friday, June 14th.

Dorman Products Stock Up 2.1 %

DORM traded up $2.02 during trading hours on Friday, hitting $100.41. 105,728 shares of the company’s stock were exchanged, compared to its average volume of 130,438. The company has a quick ratio of 1.17, a current ratio of 2.50 and a debt-to-equity ratio of 0.40. The stock’s 50-day moving average is $92.93 and its two-hundred day moving average is $90.03. Dorman Products, Inc. has a 1-year low of $60.01 and a 1-year high of $104.74. The stock has a market cap of $3.11 billion, a price-to-earnings ratio of 20.20 and a beta of 0.82.

Dorman Products (NASDAQ:DORM) last posted its quarterly earnings results on Tuesday, May 7th. The auto parts company reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.49. Dorman Products had a net margin of 8.10% and a return on equity of 14.61%. The firm had revenue of $468.70 million for the quarter, compared to analyst estimates of $472.35 million. During the same period in the prior year, the firm posted $0.56 earnings per share. The company’s quarterly revenue was up .4% compared to the same quarter last year. Sell-side analysts predict that Dorman Products, Inc. will post 5.64 earnings per share for the current fiscal year.

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.