Mendota Financial Group LLC Sells 347 Shares of Dorman Products, Inc. (NASDAQ:DORM)

Mendota Financial Group LLC cut its stake in shares of Dorman Products, Inc. (NASDAQ:DORM) by 28.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 857 shares of the auto parts company’s stock after selling 347 shares during the quarter. Mendota Financial Group LLC’s holdings in Dorman Products were worth $111,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. TD Asset Management Inc bought a new stake in Dorman Products during the 2nd quarter valued at $467,000. Quest Partners LLC bought a new position in shares of Dorman Products during the second quarter valued at approximately $37,000. American Century Companies Inc. lifted its stake in Dorman Products by 58.5% in the second quarter. American Century Companies Inc. now owns 12,774 shares of the auto parts company’s stock worth $1,169,000 after acquiring an additional 4,715 shares during the period. Thoroughbred Financial Services LLC bought a new stake in Dorman Products in the second quarter valued at $202,000. Finally, Oppenheimer Asset Management Inc. raised its holdings in Dorman Products by 19.1% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 9,695 shares of the auto parts company’s stock worth $887,000 after purchasing an additional 1,556 shares in the last quarter. 84.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Roth Mkm reissued a “buy” rating and issued a $153.00 target price (up previously from $126.00) on shares of Dorman Products in a research report on Monday, November 4th. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $125.67.

Dorman Products Price Performance

Shares of DORM opened at $123.18 on Tuesday. The firm’s 50-day simple moving average is $134.75 and its two-hundred day simple moving average is $116.89. Dorman Products, Inc. has a fifty-two week low of $79.31 and a fifty-two week high of $146.60. The stock has a market cap of $3.76 billion, a PE ratio of 20.60 and a beta of 0.89. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 2.34.

Dorman Products (NASDAQ:DORM) last posted its quarterly earnings data 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 company had revenue of $503.77 million during the quarter, compared to analyst estimates of $509.54 million. During the same quarter last year, the company earned $1.40 EPS. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. Analysts anticipate that Dorman Products, Inc. will post 6.9 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Steven L. Berman sold 8,485 shares of Dorman Products stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $136.83, for a total value of $1,161,002.55. Following the completion of the sale, the director now directly owns 867,671 shares in the company, valued at $118,723,422.93. The trade was a 0.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Jeffery Darby sold 2,400 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $124.98, for a total transaction of $299,952.00. Following the transaction, the senior vice president now owns 17,471 shares in the company, valued at approximately $2,183,525.58. This trade represents a 12.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 34,209 shares of company stock valued at $4,642,059 over the last ninety days. 10.00% of the stock is currently owned by corporate insiders.

Dorman Products 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.