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

Wrapmanager Inc. lessened its holdings in shares of Dorman Products, Inc. (NASDAQ:DORM) by 25.9% in the third quarter, Holdings Channel.com reports. The firm 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 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of the business. Farther Finance Advisors LLC boosted its holdings in Dorman Products by 5,460.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 278 shares of the auto parts company’s stock worth $31,000 after buying an additional 273 shares during the period. Covestor Ltd lifted its position in shares of Dorman Products by 781.4% during the third quarter. Covestor Ltd now owns 379 shares of the auto parts company’s stock worth $43,000 after acquiring an additional 336 shares in the last quarter. Quest Partners LLC purchased a new stake in shares of Dorman Products during the second quarter worth $37,000. GAMMA Investing LLC boosted its holdings in shares of Dorman Products by 63.2% in the third quarter. GAMMA Investing LLC now owns 483 shares of the auto parts company’s stock worth $55,000 after acquiring an additional 187 shares during the period. Finally, USA Financial Formulas purchased a new position in shares of Dorman Products in the third quarter valued at $58,000. Hedge funds and other institutional investors own 84.70% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on DORM. Roth Mkm restated a “buy” rating and issued a $153.00 target price (up previously from $126.00) on shares of Dorman Products in a research note on Monday, November 4th. CJS Securities began coverage on shares of Dorman Products in a research report on Friday, September 13th. They issued an “outperform” rating and a $134.00 price objective for the company. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Dorman Products presently has a consensus rating of “Buy” and a consensus target price of $125.67.

Dorman Products Price Performance

Shares of NASDAQ DORM opened at $135.64 on Wednesday. The stock’s 50-day simple moving average is $119.59 and its two-hundred day simple moving average is $105.46. Dorman Products, Inc. has a twelve month low of $69.77 and a twelve month high of $146.60. The firm has a market capitalization of $4.14 billion, a P/E ratio of 22.68 and a beta of 0.83. The company has a quick ratio of 1.16, a current ratio of 2.34 and a debt-to-equity ratio of 0.37.

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, topping the consensus estimate 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 analysts’ expectations of $509.54 million. During the same period in the prior year, the business earned $1.40 earnings per share. Dorman Products’s revenue for the quarter was up 3.2% compared to the same quarter last year. As a group, equities analysts anticipate that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

Insider Activity at Dorman Products

In related news, SVP Donna M. Long sold 3,277 shares of Dorman Products stock in a transaction on Friday, November 15th. The shares were sold at an average price of $134.79, for a total value of $441,706.83. Following the transaction, the senior vice president now owns 20,126 shares in the company, valued at $2,712,783.54. This trade represents a 14.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Scott Leff sold 5,536 shares of Dorman Products stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $132.66, for a total value of $734,405.76. Following the completion of the transaction, the senior vice president now owns 13,336 shares in the company, valued at approximately $1,769,153.76. This represents a 29.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 63,110 shares of company stock valued at $7,492,584 over the last 90 days. 10.00% of the stock is owned by insiders.

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.