GAMMA Investing LLC Acquires 113,239 Shares of Dorman Products, Inc. (NASDAQ:DORM)

GAMMA Investing LLC increased its holdings in Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 16,876.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 113,910 shares of the auto parts company's stock after buying an additional 113,239 shares during the period. GAMMA Investing LLC owned about 0.37% of Dorman Products worth $13,731,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its holdings in Dorman Products by 1.2% in the fourth 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. Empowered Funds LLC purchased a new position in Dorman Products in the fourth quarter worth $387,000. Norges Bank purchased a new position in Dorman Products in the fourth quarter worth $41,047,000. LPL Financial LLC grew its holdings in Dorman Products by 216.6% in the fourth quarter. LPL Financial LLC now owns 19,715 shares of the auto parts company's stock worth $2,555,000 after purchasing an additional 13,487 shares during the last quarter. Finally, Thrivent Financial for Lutherans grew its holdings in Dorman Products by 21.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 31,242 shares of the auto parts company's stock worth $4,047,000 after purchasing an additional 5,441 shares during the last quarter. Institutional investors own 84.70% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Dorman Products from a "buy" rating to a "strong-buy" rating in a report on Friday, May 16th.

Dorman Products Price Performance

NASDAQ DORM opened at $126.67 on Friday. The firm has a market capitalization of $3.86 billion, a P/E ratio of 21.18 and a beta of 0.87. The company has a current ratio of 2.34, a quick ratio of 1.16 and a debt-to-equity ratio of 0.37. Dorman Products, Inc. has a 12-month low of $87.05 and a 12-month high of $146.60. The firm's fifty day simple moving average is $120.32 and its two-hundred day simple moving average is $126.87.

Dorman Products (NASDAQ:DORM - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The auto parts company reported $2.02 earnings per share 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 analyst estimates of $483.09 million. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. The business's quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.31 earnings per share. Analysts forecast that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

Insider Activity

In other news, Director John J. Gavin sold 2,900 shares of the business's stock in a transaction on Monday, May 19th. The shares were sold at an average price of $131.19, for a total transaction of $380,451.00. Following the sale, the director now directly owns 8,132 shares of the company's stock, valued at $1,066,837.08. The trade was a 26.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 8.90% of the company's stock.

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.

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