Dorman Products, Inc. (NASDAQ:DORM) Director Steven L. Berman Sells 3,542 Shares

Dorman Products, Inc. (NASDAQ:DORM) Director Steven L. Berman sold 3,542 shares of the company’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $130.82, for a total transaction of $463,364.44. Following the transaction, the director now owns 819,605 shares in the company, valued at $107,220,726.10. This represents a 0.43 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Dorman Products Stock Down 0.1 %

Shares of Dorman Products stock traded down $0.09 on Wednesday, hitting $129.97. The company had a trading volume of 226,092 shares, compared to its average volume of 182,153. The stock has a market capitalization of $3.97 billion, a price-to-earnings ratio of 21.73 and a beta of 0.89. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 2.34. Dorman Products, Inc. has a 1 year low of $79.43 and a 1 year high of $146.60. The stock has a 50 day moving average of $133.64 and a 200-day moving average of $118.76.

Dorman Products (NASDAQ:DORM) last issued its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.96 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $509.54 million. The business’s revenue was up 3.2% on a year-over-year basis. During the same period last year, the business earned $1.40 EPS. As a group, sell-side analysts forecast that Dorman Products, Inc. will post 6.9 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm reaffirmed 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 equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $125.67.

Hedge Funds Weigh In On Dorman Products

Several hedge funds have recently modified their holdings of the company. Intech Investment Management LLC purchased a new stake in shares of Dorman Products during the 3rd quarter valued at $2,014,000. HighTower Advisors LLC raised its holdings in shares of Dorman Products by 431.9% in the 3rd quarter. HighTower Advisors LLC now owns 13,850 shares of the auto parts company’s stock worth $1,563,000 after purchasing an additional 11,246 shares during the period. Oppenheimer Asset Management Inc. lifted its stake in Dorman Products by 41.2% in the third 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 last quarter. Barclays PLC increased its position in Dorman Products by 380.7% in the third quarter. Barclays PLC now owns 46,842 shares of the auto parts company’s stock worth $5,298,000 after buying an additional 37,098 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Dorman Products by 173.6% in the third quarter. JPMorgan Chase & Co. now owns 133,341 shares of the auto parts company’s stock valued at $15,084,000 after buying an additional 84,613 shares during the period. Institutional investors own 84.70% of the company’s stock.

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.