GSA Capital Partners LLP Sells 735 Shares of Dorman Products, Inc. (NASDAQ:DORM)

GSA Capital Partners LLP decreased its position in Dorman Products, Inc. (NASDAQ:DORM) by 9.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,099 shares of the auto parts company’s stock after selling 735 shares during the period. GSA Capital Partners LLP’s holdings in Dorman Products were worth $803,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. UniSuper Management Pty Ltd bought a new stake in Dorman Products during the first quarter worth $608,000. Assenagon Asset Management S.A. raised its stake in shares of Dorman Products by 5.1% during the 2nd quarter. Assenagon Asset Management S.A. now owns 224,374 shares of the auto parts company’s stock worth $20,526,000 after purchasing an additional 10,915 shares during the period. PEAK6 Investments LLC boosted its holdings in shares of Dorman Products by 69.7% in the 1st quarter. PEAK6 Investments LLC now owns 30,896 shares of the auto parts company’s stock worth $2,978,000 after buying an additional 12,691 shares during the last quarter. SG Americas Securities LLC grew its position in Dorman Products by 1,595.0% during the second quarter. SG Americas Securities LLC now owns 21,035 shares of the auto parts company’s stock valued at $1,924,000 after buying an additional 19,794 shares during the period. Finally, Raymond James & Associates increased its holdings in Dorman Products by 26.7% during the third quarter. Raymond James & Associates now owns 34,867 shares of the auto parts company’s stock worth $3,944,000 after buying an additional 7,349 shares during the last quarter. Institutional investors own 84.70% of the company’s stock.

Insider Buying and Selling

In other Dorman Products news, SVP Jeffery Darby sold 2,400 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $118.98, for a total value of $285,552.00. Following the completion of the transaction, the senior vice president now owns 19,871 shares of the company’s stock, valued at $2,364,251.58. The trade was a 10.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Scott Leff sold 5,536 shares of Dorman Products stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $132.66, for a total transaction of $734,405.76. Following the sale, the senior vice president now directly owns 13,336 shares of the company’s stock, valued at $1,769,153.76. This represents a 29.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 59,833 shares of company stock valued at $7,050,877. Company insiders own 10.00% of the company’s stock.

Dorman Products Stock Performance

NASDAQ DORM opened at $134.73 on Friday. The firm has a market cap of $4.11 billion, a P/E ratio of 22.53 and a beta of 0.83. The company has a quick ratio of 1.16, a current ratio of 2.34 and a debt-to-equity ratio of 0.37. The company’s 50 day moving average is $118.55 and its 200-day moving average is $104.73. Dorman Products, Inc. has a 12-month low of $69.63 and a 12-month high of $146.60.

Dorman Products (NASDAQ:DORM) last issued its earnings results on Thursday, October 31st. The auto parts company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.43. The business had revenue of $503.77 million for the quarter, compared to analysts’ expectations of $509.54 million. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.40 EPS. Sell-side analysts predict that Dorman Products, Inc. will post 6.9 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on DORM shares. CJS Securities initiated coverage on shares of Dorman Products in a research note on Friday, September 13th. They set an “outperform” rating and a $134.00 price target for the company. Roth Mkm reissued a “buy” rating and issued a $153.00 target price (up from $126.00) on shares of Dorman Products in a research report on Monday, November 4th. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $125.67.

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.