GSA Capital Partners LLP Buys New Position in Dorman Products, Inc. (NASDAQ:DORM)

GSA Capital Partners LLP bought a new stake in Dorman Products, Inc. (NASDAQ:DORM - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,826 shares of the auto parts company's stock, valued at approximately $582,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Captrust Financial Advisors lifted its holdings in Dorman Products by 4.3% during the fourth quarter. Captrust Financial Advisors now owns 1,903 shares of the auto parts company's stock worth $247,000 after acquiring an additional 79 shares during the period. Pitcairn Co. increased its position in shares of Dorman Products by 2.0% during the 4th quarter. Pitcairn Co. now owns 4,490 shares of the auto parts company's stock valued at $582,000 after purchasing an additional 86 shares during the last quarter. Summit Investment Advisors Inc. boosted its holdings in shares of Dorman Products by 3.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 2,705 shares of the auto parts company's stock worth $350,000 after buying an additional 87 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. increased its holdings in Dorman Products by 5.7% during the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,644 shares of the auto parts company's stock worth $213,000 after buying an additional 88 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in Dorman Products by 3.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 2,469 shares of the auto parts company's stock worth $298,000 after acquiring an additional 90 shares during the period. 84.70% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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.

Insiders Place Their Bets

In related news, SVP Donna M. Long sold 820 shares of the company's stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $122.21, for a total transaction of $100,212.20. Following the sale, the senior vice president owned 19,074 shares of the company's stock, valued at approximately $2,331,033.54. This represents a 4.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 transaction, the director owned 8,132 shares of the company's stock, 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. 8.90% of the stock is owned by company insiders.

Dorman Products Stock Performance

NASDAQ DORM traded up $7.86 during trading on Wednesday, hitting $141.09. 369,933 shares of the company's stock traded hands, compared to its average volume of 216,947. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.22 and a current ratio of 2.62. The stock has a market capitalization of $4.30 billion, a price-to-earnings ratio of 19.20 and a beta of 0.79. Dorman Products, Inc. has a 12-month low of $103.08 and a 12-month high of $146.60. The business has a 50 day moving average of $124.43 and a 200-day moving average of $123.99.

Dorman Products (NASDAQ:DORM - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The auto parts company reported $2.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.30. The company had revenue of $540.96 million for the quarter, compared to analyst estimates of $517.13 million. Dorman Products had a net margin of 10.83% and a return on equity of 19.64%. The company's quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.67 earnings per share. As a group, equities research analysts anticipate that Dorman Products, Inc. will post 6.9 earnings per share for the current fiscal year.

Dorman Products 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.