Wrapmanager Inc. Sells 953 Shares of Dorman Products, Inc. (NASDAQ:DORM)

Wrapmanager Inc. trimmed its position in Dorman Products, Inc. (NASDAQ:DORM) by 25.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,720 shares of the auto parts company’s stock after selling 953 shares during the period. Wrapmanager Inc.’s holdings in Dorman Products were worth $308,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in DORM. SG Americas Securities LLC acquired a new stake in Dorman Products in the first quarter valued at approximately $120,000. Sei Investments Co. increased its stake in Dorman Products by 2.6% during the 1st quarter. Sei Investments Co. now owns 8,688 shares of the auto parts company’s stock valued at $837,000 after purchasing an additional 221 shares in the last quarter. US Bancorp DE increased its stake in Dorman Products by 5.9% during the 1st quarter. US Bancorp DE now owns 8,212 shares of the auto parts company’s stock valued at $792,000 after purchasing an additional 460 shares in the last quarter. ProShare Advisors LLC raised its holdings in Dorman Products by 7.3% during the first quarter. ProShare Advisors LLC now owns 5,356 shares of the auto parts company’s stock worth $516,000 after buying an additional 366 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its stake in shares of Dorman Products by 25.6% in the first quarter. State Board of Administration of Florida Retirement System now owns 9,446 shares of the auto parts company’s stock valued at $910,000 after buying an additional 1,926 shares in the last quarter. 84.70% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, SVP Jeffery Darby sold 2,400 shares of the business’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $118.98, for a total value of $285,552.00. Following the transaction, the senior vice president now directly owns 19,871 shares of the company’s stock, valued at approximately $2,364,251.58. The trade was a 10.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Steven L. Berman sold 16,071 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $116.55, for a total transaction of $1,873,075.05. Following the sale, the director now owns 888,656 shares of the company’s stock, valued at $103,572,856.80. This trade represents a 1.78 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 63,110 shares of company stock valued at $7,492,584. Insiders own 10.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on DORM. Roth Mkm reaffirmed a “buy” rating and issued 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 assumed coverage on Dorman Products in a research note on Friday, September 13th. They issued an “outperform” rating and a $134.00 price objective for the company. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Dorman Products has a consensus rating of “Buy” and an average price target of $125.67.

Dorman Products Stock Up 1.2 %

DORM opened at $135.64 on Wednesday. Dorman Products, Inc. has a fifty-two week low of $69.77 and a fifty-two week high of $146.60. 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’s 50-day moving average is $119.59 and its 200 day moving average is $105.46. The firm has a market capitalization of $4.14 billion, a P/E ratio of 22.68 and a beta of 0.83.

Dorman Products (NASDAQ:DORM) last posted 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 analysts’ expectations 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 last year, the firm earned $1.40 EPS. Research analysts expect that Dorman Products, Inc. will post 6.9 earnings per share for the current fiscal year.

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.