Cubist Systematic Strategies LLC Buys 28,764 Shares of Dorman Products, Inc. (NASDAQ:DORM)

Cubist Systematic Strategies LLC boosted its position in Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 193.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,624 shares of the auto parts company's stock after purchasing an additional 28,764 shares during the period. Cubist Systematic Strategies LLC owned 0.14% of Dorman Products worth $5,651,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of DORM. Vanguard Group Inc. lifted its holdings in Dorman Products by 3.1% during 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 period. GW&K Investment Management LLC increased its position in Dorman Products by 1.5% during the 4th quarter. GW&K Investment Management LLC now owns 597,000 shares of the auto parts company's stock valued at $77,341,000 after purchasing an additional 8,830 shares during the period. Northern Trust Corp raised its holdings in Dorman Products by 10.2% during the 4th quarter. Northern Trust Corp now owns 472,721 shares of the auto parts company's stock worth $61,241,000 after purchasing an additional 43,811 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Dorman Products by 1.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 354,717 shares of the auto parts company's stock worth $45,954,000 after purchasing an additional 4,102 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. acquired a new position in shares of Dorman Products in the 4th quarter worth approximately $42,495,000. 84.70% of the stock is currently owned by institutional investors.

Dorman Products Stock Performance

Shares of NASDAQ DORM traded up $5.55 during midday trading on Monday, reaching $130.24. The company's stock had a trading volume of 305,610 shares, compared to its average volume of 182,736. The stock has a market capitalization of $3.97 billion, a P/E ratio of 21.78 and a beta of 0.86. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.34 and a quick ratio of 1.16. The firm has a 50 day moving average price of $119.45 and a 200-day moving average price of $127.06. Dorman Products, Inc. has a 12-month low of $87.05 and a 12-month high of $146.60.

Dorman Products (NASDAQ:DORM - Get Free Report) last released its earnings results on Monday, May 5th. The auto parts company reported $2.02 EPS for the quarter, topping analysts' consensus estimates of $1.48 by $0.54. The company had revenue of $507.69 million for the quarter, compared to analysts' expectations of $483.09 million. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. The business's revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.31 EPS. As a group, equities analysts predict that Dorman Products, Inc. will post 6.9 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Dorman Products from a "buy" rating to a "strong-buy" rating in a research note on Monday, May 5th.

Insider Transactions at Dorman Products

In other Dorman Products news, SVP Donna M. Long sold 742 shares of the business's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $130.38, for a total value of $96,741.96. Following the sale, the senior vice president now directly owns 19,894 shares in the company, valued at $2,593,779.72. The trade was a 3.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 8.90% of the stock is currently owned by company insiders.

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.