Point72 Asia Singapore Pte. Ltd. Purchases New Holdings in Dorman Products, Inc. (NASDAQ:DORM)

Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Dorman Products, Inc. (NASDAQ:DORM) in the second quarter, Holdings Channel reports. The fund acquired 2,236 shares of the auto parts company’s stock, valued at approximately $205,000.

Other hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Dorman Products during the fourth quarter worth approximately $23,298,000. Corient Private Wealth LLC increased its stake in Dorman Products by 3.2% in the 4th quarter. Corient Private Wealth LLC now owns 5,823 shares of the auto parts company’s stock valued at $486,000 after buying an additional 181 shares during the period. Quest Partners LLC purchased a new position in Dorman Products during the 4th quarter worth $37,000. Parallel Advisors LLC lifted its stake in shares of Dorman Products by 277.4% in the 4th quarter. Parallel Advisors LLC now owns 317 shares of the auto parts company’s stock worth $26,000 after acquiring an additional 233 shares during the period. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in shares of Dorman Products in the fourth quarter valued at about $1,257,000. 84.70% of the stock is owned by institutional investors and hedge funds.

Dorman Products Price Performance

Shares of NASDAQ DORM opened at $113.68 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.19 and a current ratio of 2.40. Dorman Products, Inc. has a one year low of $60.01 and a one year high of $119.28. The firm has a market capitalization of $3.53 billion, a P/E ratio of 22.87 and a beta of 0.83. The company’s fifty day moving average is $108.08 and its two-hundred day moving average is $97.57.

Dorman Products (NASDAQ:DORM) last released its quarterly earnings data on Thursday, August 1st. The auto parts company reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.48. Dorman Products had a net margin of 8.75% and a return on equity of 15.97%. The firm had revenue of $502.95 million for the quarter, compared to the consensus estimate of $497.46 million. During the same quarter in the previous year, the firm earned $1.01 earnings per share. The firm’s revenue was up 4.7% on a year-over-year basis. Analysts forecast that Dorman Products, Inc. will post 6.15 EPS for the current fiscal year.

Insider Transactions at Dorman Products

In related news, SVP Jeffery Darby sold 1,400 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $104.98, for a total value of $146,972.00. Following the completion of the transaction, the senior vice president now directly owns 23,671 shares of the company’s stock, valued at approximately $2,484,981.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Dorman Products news, Director Steven L. Berman sold 27,632 shares of Dorman Products stock in a transaction dated Monday, September 16th. The shares were 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 owns 936,024 shares in the company, valued at $108,316,697.28. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Jeffery Darby sold 1,400 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $104.98, for a total transaction of $146,972.00. Following the completion of the sale, the senior vice president now directly owns 23,671 shares in the company, valued at approximately $2,484,981.58. The disclosure for this sale can be found here. Insiders have sold 51,849 shares of company stock valued at $5,980,938 in the last quarter. 10.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

DORM has been the subject of several analyst reports. Roth Mkm reissued a “buy” rating and set a $116.00 price target on shares of Dorman Products in a report on Friday, June 14th. CJS Securities began coverage on Dorman Products in a research report on Friday, September 13th. They set an “outperform” rating and a $134.00 target price on the stock. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $113.33.

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.