Raymond James & Associates Purchases 7,349 Shares of Dorman Products, Inc. (NASDAQ:DORM)

Raymond James & Associates raised its position in shares of Dorman Products, Inc. (NASDAQ:DORM) by 26.7% in the third quarter, Holdings Channel reports. The firm owned 34,867 shares of the auto parts company’s stock after acquiring an additional 7,349 shares during the quarter. Raymond James & Associates’ holdings in Dorman Products were worth $3,944,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. UniSuper Management Pty Ltd bought a new stake in Dorman Products during the 1st quarter valued at about $608,000. Assenagon Asset Management S.A. grew its stake in shares of Dorman Products by 5.1% in the second quarter. Assenagon Asset Management S.A. now owns 224,374 shares of the auto parts company’s stock worth $20,526,000 after acquiring an additional 10,915 shares during the period. PEAK6 Investments LLC grew its stake in shares of Dorman Products by 69.7% in the first quarter. PEAK6 Investments LLC now owns 30,896 shares of the auto parts company’s stock worth $2,978,000 after acquiring an additional 12,691 shares during the period. SG Americas Securities LLC grew its stake in shares of Dorman Products by 1,595.0% in the second quarter. SG Americas Securities LLC now owns 21,035 shares of the auto parts company’s stock worth $1,924,000 after acquiring an additional 19,794 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Dorman Products in the second quarter worth approximately $2,807,000. 84.70% of the stock is currently owned by institutional investors.

Dorman Products Stock Performance

Shares of DORM stock opened at $127.79 on Monday. The company has a 50 day moving average price of $113.58 and a 200-day moving average price of $101.41. Dorman Products, Inc. has a 52 week low of $64.89 and a 52 week high of $129.00. The firm has a market capitalization of $3.91 billion, a PE ratio of 21.37 and a beta of 0.83. The company has a quick ratio of 1.19, a current ratio of 2.40 and a debt-to-equity ratio of 0.38.

Dorman Products (NASDAQ:DORM) last announced its earnings results on Thursday, October 31st. The auto parts company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.42. The company had revenue of $503.77 million during the quarter, compared to analyst estimates of $509.54 million. Dorman Products had a net margin of 9.43% and a return on equity of 17.15%. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.40 earnings per share. As a group, equities research analysts expect that Dorman Products, Inc. will post 6.15 earnings per share for the current year.

Insider Activity at Dorman Products

In related news, SVP Jeffery Darby sold 1,400 shares of the business’s stock in a transaction that occurred on 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 trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, SVP Jeffery Darby sold 1,400 shares of the business’s stock in a transaction that occurred on 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 trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Steven L. Berman sold 27,632 shares of the business’s stock in a transaction that occurred on 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 sale, the director now owns 936,024 shares of the company’s stock, valued at $108,316,697.28. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 53,297 shares of company stock worth $6,163,491. 10.00% of the stock is owned by company insiders.

Analyst Ratings Changes

Separately, CJS Securities began coverage on shares of Dorman Products in a research note on Friday, September 13th. They issued an “outperform” rating and a $134.00 price target for the company. Four analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Dorman Products presently has an average rating of “Buy” and an average price target of $113.33.

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.