Dorman Products, Inc. (NASDAQ:DORM) Shares Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC increased its position in shares of Dorman Products, Inc. (NASDAQ:DORM) by 1.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 29,100 shares of the auto parts company’s stock after acquiring an additional 400 shares during the quarter. Renaissance Technologies LLC’s holdings in Dorman Products were worth $3,770,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp boosted its position in shares of Dorman Products by 518.4% during the 4th quarter. Jones Financial Companies Lllp now owns 235 shares of the auto parts company’s stock valued at $30,000 after purchasing an additional 197 shares in the last quarter. Quent Capital LLC acquired a new stake in Dorman Products during the fourth quarter valued at approximately $31,000. Westside Investment Management Inc. bought a new stake in Dorman Products during the third quarter worth approximately $29,000. CIBC Private Wealth Group LLC grew its position in Dorman Products by 163.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 277 shares of the auto parts company’s stock worth $35,000 after buying an additional 172 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new stake in shares of Dorman Products during the 4th quarter valued at $42,000. 84.70% of the stock is currently owned by institutional investors.

Insider Activity at Dorman Products

In other Dorman Products news, Director Steven L. Berman sold 9,238 shares of the company’s stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $132.73, for a total value of $1,226,159.74. Following the transaction, the director now owns 788,688 shares in the company, valued at approximately $104,682,558.24. This represents a 1.16 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Donna M. Long sold 742 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $130.38, for a total transaction of $96,741.96. Following the completion of the sale, the senior vice president now owns 19,894 shares of the company’s stock, valued at approximately $2,593,779.72. The trade was a 3.60 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,137 shares of company stock valued at $2,790,044. Company insiders own 10.00% of the company’s stock.

Dorman Products Stock Performance

Dorman Products stock opened at $110.53 on Wednesday. Dorman Products, Inc. has a fifty-two week low of $86.61 and a fifty-two week high of $146.60. The firm’s 50 day simple moving average is $122.09 and its 200-day simple moving average is $126.73. 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 company has a market cap of $3.38 billion, a P/E ratio of 18.48 and a beta of 0.87.

Dorman Products (NASDAQ:DORM) last posted its quarterly earnings data on Wednesday, February 26th. The auto parts company reported $2.20 earnings per share for the quarter, topping the consensus estimate of $1.99 by $0.21. The firm had revenue of $533.77 million for the quarter, compared to analysts’ expectations of $523.95 million. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. As a group, equities research analysts predict that Dorman Products, Inc. will post 6.9 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Dorman Products from a “buy” rating to a “strong-buy” rating in a report on Friday, April 18th.

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.