Dorman Products, Inc. (NASDAQ:DORM) SVP Donna M. Long Sells 742 Shares

Dorman Products, Inc. (NASDAQ:DORM) SVP Donna M. Long sold 742 shares of Dorman Products stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $130.38, for a total value of $96,741.96. Following the transaction, the senior vice president now owns 19,894 shares in the company, valued at approximately $2,593,779.72. This represents a 3.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Dorman Products Stock Down 3.0 %

Shares of Dorman Products stock traded down $3.81 during trading on Friday, reaching $124.91. The stock had a trading volume of 207,435 shares, compared to its average volume of 195,730. The company has a market capitalization of $3.82 billion, a price-to-earnings ratio of 20.89 and a beta of 0.84. The stock has a fifty day moving average price of $128.52 and a two-hundred day moving average price of $124.86. Dorman Products, Inc. has a 52 week low of $86.61 and a 52 week high of $146.60. 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 (NASDAQ:DORM) last issued its quarterly earnings results on Wednesday, February 26th. The auto parts company reported $2.20 EPS for the quarter, beating analysts’ consensus estimates of $1.99 by $0.21. The company had revenue of $533.77 million for the quarter, compared to analyst estimates of $523.95 million. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. Sell-side analysts predict that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Dorman Products from a “buy” rating to a “strong-buy” rating in a report on Friday, February 28th.

Institutional Trading of Dorman Products

Institutional investors have recently modified their holdings of the company. Westside Investment Management Inc. bought a new stake in shares of Dorman Products in the third quarter valued at about $29,000. Jones Financial Companies Lllp increased its position in shares of Dorman Products by 518.4% in the fourth quarter. Jones Financial Companies Lllp now owns 235 shares of the auto parts company’s stock valued at $30,000 after acquiring an additional 197 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of Dorman Products by 5,460.0% in the third quarter. Farther Finance Advisors LLC now owns 278 shares of the auto parts company’s stock valued at $31,000 after acquiring an additional 273 shares during the last quarter. Advisors Asset Management Inc. acquired a new stake in shares of Dorman Products in the third quarter valued at about $31,000. Finally, Quent Capital LLC acquired a new stake in shares of Dorman Products in the fourth quarter valued at about $31,000. 84.70% of the stock is currently owned by institutional investors.

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.