Dorman Products, Inc. (NASDAQ:DORM) Director Steven L. Berman Sells 2,633 Shares

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

Dorman Products Trading Up 2.6 %

Shares of NASDAQ:DORM traded up $3.37 during trading on Friday, reaching $133.02. 229,800 shares of the company were exchanged, compared to its average volume of 184,801. The business’s fifty day simple moving average is $133.35 and its 200-day simple moving average is $118.91. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.34 and a quick ratio of 1.16. Dorman Products, Inc. has a 12-month low of $79.43 and a 12-month high of $146.60. The firm has a market capitalization of $4.06 billion, a PE ratio of 22.24 and a beta of 0.89.

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

Institutional Investors Weigh In On Dorman Products

Several hedge funds have recently modified their holdings of the business. Fiera Capital Corp bought a new position in Dorman Products in the third quarter worth approximately $25,571,000. State Street Corp increased its holdings in shares of 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 valued at $125,374,000 after acquiring an additional 87,780 shares during the period. JPMorgan Chase & Co. raised its position in shares of Dorman Products by 173.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 133,341 shares of the auto parts company’s stock worth $15,084,000 after acquiring an additional 84,613 shares in the last quarter. Royce & Associates LP raised its position in shares of 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 acquiring an additional 78,496 shares in the last quarter. Finally, Jennison Associates LLC lifted its stake in shares of Dorman Products by 13.9% during 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 during the last quarter. Hedge funds and other institutional investors own 84.70% of the company’s stock.

Wall Street Analysts Forecast Growth

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