Squarepoint Ops LLC Sells 12,881 Shares of Dorman Products, Inc. (NASDAQ:DORM)

Squarepoint Ops LLC lessened its position in Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 68.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,914 shares of the auto parts company's stock after selling 12,881 shares during the quarter. Squarepoint Ops LLC's holdings in Dorman Products were worth $766,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in DORM. Tidal Investments LLC raised its holdings in Dorman Products by 22.7% in the fourth quarter. Tidal Investments LLC now owns 6,032 shares of the auto parts company's stock worth $781,000 after purchasing an additional 1,114 shares in the last quarter. Royal Bank of Canada grew its position in shares of Dorman Products by 0.7% in the 4th quarter. Royal Bank of Canada now owns 239,904 shares of the auto parts company's stock worth $31,081,000 after buying an additional 1,602 shares during the period. Point72 Asia Singapore Pte. Ltd. increased its stake in shares of Dorman Products by 5.7% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,644 shares of the auto parts company's stock worth $213,000 after acquiring an additional 88 shares in the last quarter. ProShare Advisors LLC lifted its position in Dorman Products by 42.3% during the 4th quarter. ProShare Advisors LLC now owns 7,819 shares of the auto parts company's stock valued at $1,013,000 after acquiring an additional 2,325 shares during the period. Finally, Quantinno Capital Management LP lifted its position in Dorman Products by 10.1% during the 4th quarter. Quantinno Capital Management LP now owns 2,953 shares of the auto parts company's stock valued at $383,000 after acquiring an additional 270 shares during the period. 84.70% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded 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 other news, Director John J. Gavin sold 2,900 shares of the stock in a transaction that occurred 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 owns 8,132 shares in the company, valued at $1,066,837.08. This represents a 26.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 8.90% of the company's stock.

Dorman Products Stock Down 0.3%

NASDAQ:DORM traded down $0.34 during trading hours on Friday, reaching $126.67. 148,591 shares of the company traded hands, compared to its average volume of 186,388. 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 $120.32 and its two-hundred day moving average price is $126.87. Dorman Products, Inc. has a 1 year low of $87.05 and a 1 year high of $146.60. The stock has a market capitalization of $3.86 billion, a P/E ratio of 21.18 and a beta of 0.87.

Dorman Products (NASDAQ:DORM - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The auto parts company reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.54. The firm had revenue of $507.69 million during the quarter, compared to the consensus estimate of $483.09 million. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. The company's revenue was up 8.3% on a year-over-year basis. During the same period last year, the company earned $1.31 earnings per share. Analysts predict that Dorman Products, Inc. will post 6.9 earnings per share 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.