D. E. Shaw & Co. Inc. Acquires 26,806 Shares of Dorman Products, Inc. (NASDAQ:DORM)

D. E. Shaw & Co. Inc. raised its holdings in Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 207.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 39,752 shares of the auto parts company's stock after purchasing an additional 26,806 shares during the quarter. D. E. Shaw & Co. Inc. owned 0.13% of Dorman Products worth $5,150,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp boosted its holdings in shares of Dorman Products by 518.4% during the 4th quarter. Jones Financial Companies Lllp now owns 235 shares of the auto parts company's stock valued at $30,000 after acquiring an additional 197 shares in the last quarter. Quent Capital LLC bought a new position in Dorman Products during the 4th quarter worth approximately $31,000. CIBC Private Wealth Group LLC raised its holdings in Dorman Products by 163.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 277 shares of the auto parts company's stock worth $35,000 after purchasing an additional 172 shares during the last quarter. Newbridge Financial Services Group Inc. bought a new position in shares of Dorman Products in the 4th quarter worth about $42,000. Finally, Blue Trust Inc. lifted its position in shares of Dorman Products by 1,581.0% during the 4th quarter. Blue Trust Inc. now owns 353 shares of the auto parts company's stock valued at $46,000 after acquiring an additional 332 shares during the period. Institutional investors and hedge funds own 84.70% of the company's stock.

Insider Transactions at Dorman Products

In other Dorman Products news, SVP Donna M. Long sold 742 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $130.38, for a total value of $96,741.96. Following the transaction, the senior vice president now directly owns 19,894 shares in the company, valued at approximately $2,593,779.72. This trade represents a 3.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John J. Gavin sold 2,900 shares of the company's stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $131.19, for a total value of $380,451.00. Following the sale, the director now directly owns 8,132 shares in the company, valued at $1,066,837.08. This trade represents a 26.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 8.90% of the company's stock.

Dorman Products Stock Performance

Shares of NASDAQ DORM traded up $0.10 during mid-day trading on Tuesday, hitting $130.50. The company had a trading volume of 167,298 shares, compared to its average volume of 183,619. Dorman Products, Inc. has a 1 year low of $87.05 and a 1 year high of $146.60. The stock's 50-day moving average price is $119.75 and its 200-day moving average price is $127.61. 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 company has a market capitalization of $3.98 billion, a price-to-earnings ratio of 21.82 and a beta of 0.86.

Dorman Products (NASDAQ:DORM - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The auto parts company reported $2.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.48 by $0.54. The firm had revenue of $507.69 million for the quarter, compared to analysts' expectations of $483.09 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 8.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.31 earnings per share. On average, sell-side analysts forecast that Dorman Products, Inc. will post 6.9 earnings per share for the current year.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Dorman Products from a "buy" rating to a "strong-buy" rating in a research note on Friday.

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.