Insider Selling: Dorman Products, Inc. (NASDAQ:DORM) Director Sells 2,633 Shares of Stock

Dorman Products, Inc. (NASDAQ:DORM) Director Steven L. Berman sold 2,633 shares of the company’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $130.56, for a total transaction of $343,764.48. Following the sale, the director now directly owns 814,339 shares in the company, valued at $106,320,099.84. This trade represents a 0.32 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Dorman Products Price Performance

Shares of NASDAQ DORM opened at $133.02 on Friday. 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 1-year low of $79.43 and a 1-year high of $146.60. The firm has a market capitalization of $4.06 billion, a P/E ratio of 22.24 and a beta of 0.89. The firm’s 50-day moving average price is $133.32 and its 200-day moving average price is $119.43.

Dorman Products (NASDAQ:DORM) last posted its earnings results on Thursday, October 31st. The auto parts company reported $1.96 earnings per share for the quarter, topping 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 company had revenue of $503.77 million for the quarter, compared to analyst estimates of $509.54 million. During the same quarter in the prior year, the business posted $1.40 EPS. The firm’s revenue was up 3.2% compared to the same quarter last year. Equities research analysts anticipate that Dorman Products, Inc. will post 6.9 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Dorman Products

A number of institutional investors and hedge funds have recently made changes to their positions in the business. State Street Corp grew its position 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 purchasing an additional 87,780 shares in the last quarter. Royce & Associates LP grew its position in Dorman Products by 17.6% in the 3rd quarter. Royce & Associates LP now owns 523,882 shares of the auto parts company’s stock worth $59,262,000 after purchasing an additional 78,496 shares in the last quarter. Jennison Associates LLC grew its position in 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 purchasing an additional 55,615 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Dorman Products by 1.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 350,615 shares of the auto parts company’s stock worth $39,662,000 after purchasing an additional 3,365 shares in the last quarter. Finally, WCM Investment Management LLC grew its position in Dorman Products by 2.3% in the 3rd quarter. WCM Investment Management LLC now owns 302,620 shares of the auto parts company’s stock worth $34,372,000 after purchasing an additional 6,754 shares in the last quarter. Institutional investors and hedge funds own 84.70% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Roth Mkm reaffirmed a “buy” rating and set a $153.00 price target (up previously from $126.00) on shares of Dorman Products in a research report on Monday, November 4th. Four analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently 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.