Cubist Systematic Strategies LLC Boosts Stock Position in Dorman Products, Inc. (NASDAQ:DORM)

Cubist Systematic Strategies LLC grew its holdings in Dorman Products, Inc. (NASDAQ:DORM) by 193.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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 about 0.14% of Dorman Products worth $5,651,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in DORM. Barclays PLC increased its stake in Dorman Products by 380.7% in the 3rd quarter. Barclays PLC now owns 46,842 shares of the auto parts company’s stock worth $5,298,000 after buying an additional 37,098 shares during the period. Tidal Investments LLC increased its position in shares of Dorman Products by 5.0% during the third quarter. Tidal Investments LLC now owns 4,918 shares of the auto parts company’s stock worth $556,000 after acquiring an additional 234 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Dorman Products by 173.6% during the third quarter. JPMorgan Chase & Co. now owns 133,341 shares of the auto parts company’s stock valued at $15,084,000 after acquiring an additional 84,613 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Dorman Products by 38.9% in the fourth quarter. GAMMA Investing LLC now owns 671 shares of the auto parts company’s stock valued at $87,000 after purchasing an additional 188 shares during the period. Finally, Nordea Investment Management AB grew its stake in Dorman Products by 4.2% in the fourth quarter. Nordea Investment Management AB now owns 95,366 shares of the auto parts company’s stock worth $12,493,000 after purchasing an additional 3,806 shares in the last quarter. 84.70% of the stock is currently owned by institutional investors.

Dorman Products Stock Up 0.4 %

Shares of Dorman Products stock opened at $124.48 on Friday. Dorman Products, Inc. has a 1 year low of $87.05 and a 1 year high of $146.60. 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 stock has a market cap of $3.80 billion, a price-to-earnings ratio of 20.82 and a beta of 0.86. The firm’s 50-day moving average is $119.56 and its two-hundred day moving average is $126.81.

Dorman Products (NASDAQ:DORM) last issued its quarterly earnings data on Monday, May 5th. The auto parts company reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.54. The company 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%. Dorman Products’s revenue was up 8.3% compared to the same quarter last year. During the same period last year, the company posted $1.31 earnings per share. As a group, research analysts expect that Dorman Products, Inc. will post 6.9 earnings per share for the current fiscal year.

Insider Buying and Selling at Dorman Products

In other news, SVP Donna M. Long sold 742 shares of the company’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $130.38, for a total transaction of $96,741.96. Following the transaction, the senior vice president now owns 19,894 shares in the company, valued at $2,593,779.72. This represents a 3.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 8.90% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Dorman Products from a “buy” rating to a “strong-buy” rating in a research report on Monday.

About Dorman Products

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.