Steven L. Berman Sells 2,633 Shares of Dorman Products, Inc. (NASDAQ:DORM) Stock

Dorman Products, Inc. (NASDAQ:DORM) Director Steven L. Berman sold 2,633 shares of the company’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $130.56, for a total transaction of $343,764.48. Following the completion of the transaction, the director now owns 814,339 shares in the company, valued at approximately $106,320,099.84. The trade was a 0.32 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Dorman Products Stock Performance

NASDAQ:DORM traded up $3.37 during mid-day trading on Friday, reaching $133.02. The company’s stock had a trading volume of 229,800 shares, compared to its average volume of 184,801. 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 stock has a market cap of $4.06 billion, a P/E ratio of 22.24 and a beta of 0.89. The firm’s fifty day moving average price is $133.35 and its two-hundred day moving average price is $118.91. Dorman Products, Inc. has a 12-month low of $79.43 and a 12-month high of $146.60.

Dorman Products (NASDAQ:DORM) last released its earnings results on Thursday, October 31st. The auto parts company reported $1.96 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $503.77 million during the quarter, compared to analysts’ expectations of $509.54 million. During the same quarter last year, the business posted $1.40 earnings per share. The firm’s revenue was up 3.2% on a year-over-year basis. On average, equities analysts forecast that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

Institutional Trading of Dorman Products

Hedge funds have recently bought and sold shares of the stock. Fiera Capital Corp bought a new stake in shares of Dorman Products in the third quarter worth about $25,571,000. State Street Corp increased its stake in Dorman Products by 8.6% in the 3rd quarter. State Street Corp now owns 1,108,327 shares of the auto parts company’s stock worth $125,374,000 after acquiring an additional 87,780 shares during the last quarter. JPMorgan Chase & Co. raised its holdings 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 boosted its position 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 grew its holdings in shares of Dorman Products by 13.9% in the third quarter. Jennison Associates LLC now owns 454,852 shares of the auto parts company’s stock valued at $51,453,000 after purchasing an additional 55,615 shares in the last quarter. Hedge funds and other institutional investors own 84.70% of the company’s stock.

Wall Street Analyst Weigh In

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

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.