Dorman Products, Inc. (NASDAQ:DORM) SVP Sells $734,405.76 in Stock

Dorman Products, Inc. (NASDAQ:DORM) SVP Scott Leff sold 5,536 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $132.66, for a total value of $734,405.76. Following the completion of the sale, the senior vice president now directly owns 13,336 shares in the company, valued at approximately $1,769,153.76. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Dorman Products Stock Performance

Shares of Dorman Products stock opened at $137.76 on Friday. The firm’s fifty day simple moving average is $115.94 and its 200-day simple moving average is $102.97. Dorman Products, Inc. has a 12 month low of $66.07 and a 12 month high of $146.60. The stock has a market capitalization of $4.20 billion, a price-to-earnings ratio of 23.04 and a beta of 0.83. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.34 and a quick ratio of 1.16.

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

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Roth Mkm reiterated a “buy” rating and issued a $153.00 price objective (up previously from $126.00) on shares of Dorman Products in a report on Monday, November 4th. CJS Securities began coverage on shares of Dorman Products in a research note on Friday, September 13th. They issued an “outperform” rating and a $134.00 price target on the stock. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $125.67.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Fiera Capital Corp acquired a new stake in shares of Dorman Products during the third quarter worth $25,571,000. Royce & Associates LP raised its position in 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 buying an additional 78,496 shares during the last quarter. Jennison Associates LLC lifted its stake in shares of Dorman Products by 13.9% in the 3rd quarter. Jennison Associates LLC now owns 454,852 shares of the auto parts company’s stock worth $51,453,000 after acquiring an additional 55,615 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Dorman Products by 1.4% in the first quarter. Vanguard Group Inc. now owns 3,032,285 shares of the auto parts company’s stock valued at $292,282,000 after acquiring an additional 41,849 shares in the last quarter. Finally, Algert Global LLC increased its stake in shares of Dorman Products by 404.4% during the second quarter. Algert Global LLC now owns 39,149 shares of the auto parts company’s stock worth $3,581,000 after acquiring an additional 31,387 shares during the period. 84.70% of the stock is currently owned by hedge funds and other institutional investors.

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.