Paloma Partners Management Co Makes New $333,000 Investment in Dorman Products, Inc. (NASDAQ:DORM)

Paloma Partners Management Co acquired a new stake in Dorman Products, Inc. (NASDAQ:DORM) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 2,940 shares of the auto parts company’s stock, valued at approximately $333,000.

A number of other institutional investors have also made changes to their positions in the business. Assenagon Asset Management S.A. increased its stake in Dorman Products by 5.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 224,374 shares of the auto parts company’s stock valued at $20,526,000 after buying an additional 10,915 shares during the last quarter. Intech Investment Management LLC acquired a new stake in shares of Dorman Products in the third quarter valued at about $2,014,000. Oppenheimer Asset Management Inc. increased its position in shares of Dorman Products by 41.2% in the third quarter. Oppenheimer Asset Management Inc. now owns 13,688 shares of the auto parts company’s stock valued at $1,548,000 after acquiring an additional 3,993 shares during the last quarter. SG Americas Securities LLC raised its holdings 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 worth $1,924,000 after acquiring an additional 19,794 shares in the last quarter. Finally, Raymond James & Associates boosted its position 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 valued at $3,944,000 after purchasing an additional 7,349 shares during the last quarter. Institutional investors own 84.70% of the company’s stock.

Insider Transactions at Dorman Products

In other Dorman Products news, Director Steven L. Berman sold 27,632 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $115.72, for a total transaction of $3,197,575.04. Following the transaction, the director now owns 936,024 shares in the company, valued at $108,316,697.28. This trade represents a 2.87 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John Mcknight sold 8,185 shares of Dorman Products stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $139.34, for a total value of $1,140,497.90. Following the sale, the insider now directly owns 8,902 shares of the company’s stock, valued at $1,240,404.68. This represents a 47.90 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 73,173 shares of company stock worth $8,936,331. 10.00% of the stock is owned by insiders.

Dorman Products Price Performance

NASDAQ:DORM opened at $139.25 on Friday. Dorman Products, Inc. has a 12-month low of $74.24 and a 12-month high of $146.60. The firm has a market capitalization of $4.25 billion, a price-to-earnings ratio of 23.29 and a beta of 0.87. The stock’s 50 day moving average price is $125.54 and its two-hundred day moving average price is $109.22. The company has a quick ratio of 1.16, a current ratio of 2.34 and a debt-to-equity ratio of 0.37.

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

Wall Street Analysts Forecast Growth

DORM has been the topic of several recent analyst reports. Roth Mkm reaffirmed a “buy” rating and set a $153.00 price target (up previously from $126.00) on shares of Dorman Products in a research report on Monday, November 4th. CJS Securities began coverage on shares of Dorman Products in a report on Friday, September 13th. They set an “outperform” rating and a $134.00 target price on the stock. Four research analysts have rated the stock with a buy rating, According to MarketBeat.com, Dorman Products currently has a consensus rating of “Buy” and a consensus price target of $125.67.

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.