Insider Selling: Dorman Products, Inc. (NASDAQ:DORM) Director Sells $364,135.50 in Stock

Dorman Products, Inc. (NASDAQ:DORM) Director Steven L. Berman sold 2,775 shares of Dorman Products stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $131.22, for a total transaction of $364,135.50. Following the transaction, the director now directly owns 823,147 shares in the company, valued at $108,013,349.34. This represents a 0.34 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Dorman Products Stock Up 2.6 %

Shares of DORM opened at $133.02 on Friday. The business’s 50 day moving average is $133.32 and its 200 day moving average is $119.21. The company has a current ratio of 2.34, a quick ratio of 1.16 and a debt-to-equity ratio of 0.37. Dorman Products, Inc. has a 12-month low of $79.43 and a 12-month high of $146.60. The company has a market capitalization of $4.06 billion, a PE ratio of 22.24 and a beta of 0.89.

Dorman Products (NASDAQ:DORM) last released its earnings results on Thursday, October 31st. The auto parts company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.53 by $0.43. The firm had revenue of $503.77 million for the quarter, compared to the consensus estimate of $509.54 million. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.40 earnings per share. Research analysts expect that Dorman Products, Inc. will post 6.9 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in DORM. Fiera Capital Corp bought a new stake in shares of Dorman Products in the third quarter worth about $25,571,000. State Street Corp increased its stake in Dorman Products by 8.6% in the 3rd quarter. State Street Corp now owns 1,108,327 shares of the auto parts company’s stock worth $125,374,000 after acquiring an additional 87,780 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Dorman Products by 173.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 133,341 shares of the auto parts company’s stock worth $15,084,000 after acquiring an additional 84,613 shares during the last quarter. Royce & Associates LP raised its holdings in shares of Dorman Products by 17.6% during the 3rd quarter. Royce & Associates LP now owns 523,882 shares of the auto parts company’s stock worth $59,262,000 after acquiring an additional 78,496 shares in the last quarter. Finally, Jennison Associates LLC boosted its position in shares of Dorman Products by 13.9% during the 3rd quarter. Jennison Associates LLC now owns 454,852 shares of the auto parts company’s stock valued at $51,453,000 after acquiring an additional 55,615 shares during the last quarter. Institutional investors own 84.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm restated a “buy” rating and set a $153.00 price objective (up from $126.00) on shares of Dorman Products in a research report on Monday, November 4th. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price 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.