Insider Selling: Dorman Products, Inc. (NASDAQ:DORM) Director Sells $1,161,002.55 in Stock

Dorman Products, Inc. (NASDAQ:DORM) Director Steven L. Berman sold 8,485 shares of Dorman Products stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $136.83, for a total transaction of $1,161,002.55. Following the completion of the sale, the director now directly owns 867,671 shares of the company’s stock, valued at approximately $118,723,422.93. This trade represents a 0.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Dorman Products Trading Up 0.8 %

Shares of DORM stock opened at $131.36 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.34 and a quick ratio of 1.16. The company has a market cap of $4.01 billion, a price-to-earnings ratio of 21.97 and a beta of 0.87. Dorman Products, Inc. has a 1 year low of $79.20 and a 1 year high of $146.60. The firm has a fifty day moving average price of $130.67 and a 200-day moving average price of $112.35.

Dorman Products (NASDAQ:DORM) last issued its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.43. The business had revenue of $503.77 million during the quarter, compared to analysts’ expectations of $509.54 million. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. The business’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.40 earnings per share. As a group, equities analysts predict that Dorman Products, Inc. will post 6.9 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State Street Corp raised its position in Dorman Products by 8.6% during the third quarter. State Street Corp now owns 1,108,327 shares of the auto parts company’s stock valued at $125,374,000 after purchasing an additional 87,780 shares during the period. Dimensional Fund Advisors LP raised its holdings in Dorman Products by 2.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,029,044 shares of the auto parts company’s stock valued at $94,136,000 after buying an additional 24,811 shares during the period. Royce & Associates LP lifted its position in Dorman Products by 17.6% in the third quarter. Royce & Associates LP now owns 523,882 shares of the auto parts company’s stock worth $59,262,000 after buying an additional 78,496 shares during the last quarter. Jennison Associates LLC boosted its stake in Dorman Products by 13.9% during the third quarter. Jennison Associates LLC now owns 454,852 shares of the auto parts company’s stock worth $51,453,000 after buying an additional 55,615 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in Dorman Products by 1.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 350,615 shares of the auto parts company’s stock valued at $39,662,000 after acquiring an additional 3,365 shares during the last quarter. Hedge funds and other institutional investors own 84.70% of the company’s stock.

Analyst Upgrades and Downgrades

DORM has been the subject of several research analyst reports. Roth Mkm reaffirmed a “buy” rating and issued a $153.00 price objective (up previously from $126.00) on shares of Dorman Products in a report on Monday, November 4th. CJS Securities assumed coverage on Dorman Products in a research note on Friday, September 13th. They set an “outperform” rating and a $134.00 price target for the company. Four analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $125.67.

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.