By otakuyassine3@gmail.com 
Dorman Products, Inc. (NASDAQ:DORM – Get Free Report) Director Steven L. Berman sold 3,542 shares of Dorman Products stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $130.82, for a total value of $463,364.44. Following the completion of the transaction, the director now owns 819,605 shares in the company, valued at approximately $107,220,726.10. This represents a 0.43 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Dorman Products Trading Down 0.1 %
Dorman Products stock traded down $0.09 during trading hours on Wednesday, hitting $129.97. The stock had a trading volume of 226,092 shares, compared to its average volume of 182,153. The stock has a market cap of $3.97 billion, a price-to-earnings ratio of 21.73 and a beta of 0.89. The company has a quick ratio of 1.16, a current ratio of 2.34 and a debt-to-equity ratio of 0.37. The business’s 50 day simple moving average is $133.64 and its 200-day simple moving average is $118.76. Dorman Products, Inc. has a one year low of $79.43 and a one year high of $146.60.
Dorman Products (NASDAQ:DORM – Get Free Report) last posted its earnings results on Thursday, October 31st. The auto parts company reported $1.96 EPS 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 business had revenue of $503.77 million for the quarter, compared to the consensus estimate of $509.54 million. During the same period last year, the company earned $1.40 EPS. The firm’s revenue was up 3.2% compared to the same quarter last year. On average, equities analysts predict that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.
Institutional Trading of Dorman Products
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Intech Investment Management LLC bought a new stake in shares of Dorman Products in the 3rd quarter valued at about $2,014,000. HighTower Advisors LLC boosted its holdings in Dorman Products by 431.9% in the third quarter. HighTower Advisors LLC now owns 13,850 shares of the auto parts company’s stock valued at $1,563,000 after acquiring an additional 11,246 shares during the last quarter. Oppenheimer Asset Management Inc. increased its position in Dorman Products by 41.2% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 13,688 shares of the auto parts company’s stock valued at $1,548,000 after purchasing an additional 3,993 shares during the period. Barclays PLC raised its holdings in Dorman Products by 380.7% during the 3rd quarter. Barclays PLC now owns 46,842 shares of the auto parts company’s stock worth $5,298,000 after purchasing an additional 37,098 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted 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 purchasing an additional 84,613 shares during the period. 84.70% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Separately, Roth Mkm reiterated 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 research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $125.67.
Check Out Our Latest Analysis on Dorman Products
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.
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