Quest Partners LLC Acquires 3,354 Shares of Dorman Products, Inc. (NASDAQ:DORM)

Quest Partners LLC raised its holdings in Dorman Products, Inc. (NASDAQ:DORM) by 838.5% in the third quarter, HoldingsChannel.com reports. The firm owned 3,754 shares of the auto parts company’s stock after purchasing an additional 3,354 shares during the quarter. Quest Partners LLC’s holdings in Dorman Products were worth $425,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. SG Americas Securities LLC bought a new position in shares of Dorman Products in the first quarter worth $120,000. Sei Investments Co. raised its position in shares of Dorman Products by 2.6% in the 1st quarter. Sei Investments Co. now owns 8,688 shares of the auto parts company’s stock valued at $837,000 after buying an additional 221 shares in the last quarter. Vanguard Group Inc. raised its position in Dorman Products by 1.4% during the first quarter. Vanguard Group Inc. now owns 3,032,285 shares of the auto parts company’s stock valued at $292,282,000 after purchasing an additional 41,849 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Dorman Products in the 1st quarter valued at $161,000. Finally, PEAK6 Investments LLC increased its stake in shares of Dorman Products by 69.7% in the 1st quarter. PEAK6 Investments LLC now owns 30,896 shares of the auto parts company’s stock valued at $2,978,000 after purchasing an additional 12,691 shares during the last quarter. 84.70% of the stock is owned by institutional investors.

Insider Activity at Dorman Products

In other Dorman Products news, Director Steven L. Berman sold 27,632 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $115.72, for a total value of $3,197,575.04. Following the sale, the director now owns 936,024 shares in the company, valued at approximately $108,316,697.28. The trade was a 2.87 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Jeffery Darby sold 2,400 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $124.98, for a total value of $299,952.00. Following the transaction, the senior vice president now owns 17,471 shares of the company’s stock, valued at $2,183,525.58. This trade represents a 12.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 61,710 shares of company stock worth $7,333,012 over the last three months. Company insiders own 10.00% of the company’s stock.

Wall Street Analysts Forecast Growth

DORM has been the subject of several recent analyst reports. Roth Mkm restated a “buy” rating and set a $153.00 price objective (up from $126.00) on shares of Dorman Products in a research report on Monday, November 4th. 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 on the stock. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $125.67.

Dorman Products Stock Performance

Shares of DORM stock opened at $139.45 on Monday. The firm has a market capitalization of $4.26 billion, a price-to-earnings ratio of 23.32 and a beta of 0.83. The company has a current ratio of 2.34, a quick ratio of 1.16 and a debt-to-equity ratio of 0.37. The business’s 50-day moving average price is $121.08 and its 200-day moving average price is $106.42. Dorman Products, Inc. has a 12 month low of $69.77 and a 12 month high of $146.60.

Dorman Products (NASDAQ:DORM) last posted its earnings results on Thursday, October 31st. The auto parts company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.53 by $0.43. The firm had revenue of $503.77 million for 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 16.95%. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.40 EPS. Equities research analysts forecast that Dorman Products, Inc. will post 6.9 EPS for the current year.

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.