Insider Selling: Dorman Products, Inc. (NASDAQ:DORM) SVP Sells 2,400 Shares of Stock

Dorman Products, Inc. (NASDAQ:DORM) SVP Jeffery Darby sold 2,400 shares of the business’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $118.98, for a total transaction of $285,552.00. Following the sale, the senior vice president now directly owns 19,871 shares in the company, valued at approximately $2,364,251.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Jeffery Darby also recently made the following trade(s):

• On Monday, August 26th, Jeffery Darby sold 1,400 shares of Dorman Products stock. The shares were sold at an average price of $113.98, for a total transaction of $159,572.00.
• On Tuesday, August 6th, Jeffery Darby sold 1,400 shares of Dorman Products stock. The stock was sold at an average price of $104.98, for a total value of $146,972.00.
• On Tuesday, July 16th, Jeffery Darby sold 1,400 shares of Dorman Products stock. The stock was sold at an average price of $98.98, for a total value of $138,572.00.

Dorman Products Stock Performance

Shares of DORM opened at $116.64 on Wednesday. Dorman Products, Inc. has a 1 year low of $60.01 and a 1 year high of $119.28. The company’s 50 day simple moving average is $105.47 and its 200 day simple moving average is $96.47. The company has a market capitalization of $3.57 billion, a price-to-earnings ratio of 23.47 and a beta of 0.83. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.19 and a current ratio of 2.40.

Dorman Products (NASDAQ:DORM) last announced its quarterly earnings data on Thursday, August 1st. The auto parts company reported $1.67 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 the consensus estimate of $497.46 million. During the same quarter in the previous year, the business earned $1.01 earnings per share. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, sell-side analysts predict that Dorman Products, Inc. will post 6.15 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of DORM. Charles Schwab Investment Management Inc. grew its holdings in Dorman Products by 4.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 326,932 shares of the auto parts company’s stock valued at $27,269,000 after purchasing an additional 14,114 shares during the period. Jump Financial LLC grew its stake in shares of Dorman Products by 25.1% during the 4th quarter. Jump Financial LLC now owns 4,200 shares of the auto parts company’s stock valued at $350,000 after buying an additional 844 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Dorman Products by 2.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 987,403 shares of the auto parts company’s stock worth $82,361,000 after buying an additional 26,724 shares during the last quarter. Norges Bank purchased a new position in shares of Dorman Products in the 4th quarter worth $23,298,000. Finally, Corient Private Wealth LLC boosted its holdings in Dorman Products by 3.2% in the fourth quarter. Corient Private Wealth LLC now owns 5,823 shares of the auto parts company’s stock valued at $486,000 after acquiring an additional 181 shares during the last quarter. Institutional investors and hedge funds own 84.70% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on DORM shares. CJS Securities began coverage on Dorman Products in a report on Friday, September 13th. They issued an “outperform” rating and a $134.00 target price on the stock. Roth Mkm restated a “buy” rating and set a $116.00 target price on shares of Dorman Products in a report on Friday, June 14th. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $113.33.

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.