Insider Selling: Dorman Products, Inc. (NASDAQ:DORM) Director Sells 2,775 Shares of Stock

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

Dorman Products Price Performance

Shares of NASDAQ:DORM opened at $129.65 on Friday. The firm has a market cap of $3.96 billion, a price-to-earnings ratio of 21.68 and a beta of 0.89. Dorman Products, Inc. has a 1 year low of $79.43 and a 1 year high of $146.60. The company has a current ratio of 2.34, a quick ratio of 1.16 and a debt-to-equity ratio of 0.37. The business has a fifty day simple moving average of $133.35 and a 200 day simple moving average of $118.91.

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

Institutional Trading of Dorman Products

Large investors have recently added to or reduced their stakes in the business. Fiera Capital Corp acquired a new stake in shares of Dorman Products in the 3rd quarter valued at $25,571,000. State Street Corp lifted its position in shares of Dorman Products by 8.6% in the third quarter. State Street Corp now owns 1,108,327 shares of the auto parts company’s stock worth $125,374,000 after buying an additional 87,780 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Dorman Products by 173.6% during 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 increased its holdings in shares of Dorman Products by 17.6% during the 3rd quarter. Royce & Associates LP now owns 523,882 shares of the auto parts company’s stock valued at $59,262,000 after acquiring an additional 78,496 shares during the last quarter. Finally, Jennison Associates LLC raised its stake in shares of Dorman Products by 13.9% in the 3rd quarter. Jennison Associates LLC now owns 454,852 shares of the auto parts company’s stock valued at $51,453,000 after acquiring an additional 55,615 shares in the last quarter. 84.70% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

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.