Dorman Products, Inc. (NASDAQ:DORM) Director Steven L. Berman Sells 2,775 Shares

Dorman Products, Inc. (NASDAQ:DORM) Director Steven L. Berman sold 2,775 shares of the company’s stock in a transaction on Friday, January 17th. The shares were sold at an average price of $131.22, for a total value of $364,135.50. Following the completion of the transaction, the director now directly owns 823,147 shares in the company, valued at approximately $108,013,349.34. This represents a 0.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Dorman Products Stock Down 0.1 %

Shares of Dorman Products stock traded down $0.09 during trading on Wednesday, reaching $129.97. 226,092 shares of the company traded hands, compared to its average volume of 182,153. The firm has a market capitalization of $3.97 billion, a PE ratio of 21.73 and a beta of 0.89. The company has a 50 day moving average price of $133.64 and a 200-day moving average price of $118.76. 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 1-year low of $79.43 and a 1-year high of $146.60.

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, topping 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 company had revenue of $503.77 million for the quarter, compared to analyst estimates of $509.54 million. During the same period in the prior year, the firm earned $1.40 earnings per share. Dorman Products’s revenue for the quarter was up 3.2% on a year-over-year basis. As a group, equities research analysts expect that Dorman Products, Inc. will post 6.9 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Roth Mkm restated a “buy” rating and set a $153.00 price objective (up from $126.00) on shares of Dorman Products in a research report on Monday, November 4th. Four analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $125.67.

Hedge Funds Weigh In On Dorman Products

Large investors have recently bought and sold shares of the stock. Fiera Capital Corp purchased a new stake in Dorman Products in the 3rd quarter valued at about $25,571,000. State Street Corp grew its holdings 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. JPMorgan Chase & Co. raised its stake in Dorman Products by 173.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 133,341 shares of the auto parts company’s stock valued at $15,084,000 after acquiring an additional 84,613 shares during the period. Royce & Associates LP raised its position in shares of Dorman Products by 17.6% in the third quarter. Royce & Associates LP now owns 523,882 shares of the auto parts company’s stock valued at $59,262,000 after purchasing an additional 78,496 shares during the period. Finally, Jennison Associates LLC lifted its holdings in 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 in the last quarter. 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.