Insider Selling: Dorman Products, Inc. (NASDAQ:DORM) Director Sells $25,157.15 in Stock

Dorman Products, Inc. (NASDAQ:DORM) Director Steven L. Berman sold 215 shares of the stock in a transaction on Friday, September 20th. The shares were sold at an average price of $117.01, for a total transaction of $25,157.15. Following the completion of the transaction, the director now owns 881,298 shares of the company’s stock, valued at approximately $103,120,678.98. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Dorman Products Stock Down 0.6 %

Shares of DORM opened at $113.68 on Friday. The business’s 50 day simple moving average is $108.08 and its 200-day simple moving average is $97.57. Dorman Products, Inc. has a one year low of $60.01 and a one year high of $119.28. The company has a market capitalization of $3.53 billion, a P/E ratio of 22.87 and a beta of 0.83. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.40 and a quick ratio of 1.19.

Dorman Products (NASDAQ:DORM) last released its quarterly earnings results on Thursday, August 1st. The auto parts company reported $1.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.48. Dorman Products had a return on equity of 15.97% and a net margin of 8.75%. The business had revenue of $502.95 million during the quarter, compared to analysts’ expectations of $497.46 million. During the same period in the previous year, the business posted $1.01 earnings per share. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, sell-side analysts predict that Dorman Products, Inc. will post 6.15 EPS for the current fiscal year.

Institutional Trading of Dorman Products

Hedge funds have recently modified their holdings of the stock. Parallel Advisors LLC raised its position in shares of Dorman Products by 277.4% during the 4th quarter. Parallel Advisors LLC now owns 317 shares of the auto parts company’s stock valued at $26,000 after acquiring an additional 233 shares during the last quarter. YHB Investment Advisors Inc. acquired a new position in Dorman Products in the first quarter valued at about $34,000. Quest Partners LLC acquired a new position in shares of Dorman Products during the 4th quarter worth about $37,000. Mather Group LLC. bought a new stake in shares of Dorman Products in the 1st quarter valued at about $48,000. Finally, Rothschild Investment LLC acquired a new stake in shares of Dorman Products in the 2nd quarter valued at approximately $66,000. 84.70% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Roth Mkm reiterated a “buy” rating and issued a $116.00 price objective on shares of Dorman Products in a research note on Friday, June 14th. CJS Securities initiated coverage on Dorman Products in a report on Friday, September 13th. They set an “outperform” rating and a $134.00 price objective for the company. Four analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Dorman Products presently has a consensus rating of “Buy” and an average target price of $113.33.

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.