Steven L. Berman Sells 2,775 Shares of Dorman Products, Inc. (NASDAQ:DORM) Stock

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

Dorman Products Stock Down 0.2 %

DORM opened at $129.65 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 2.34. The company has a market capitalization of $3.96 billion, a PE ratio of 21.68 and a beta of 0.89. The stock’s fifty day moving average is $133.35 and its 200-day moving average is $118.91. Dorman Products, Inc. has a one year low of $79.43 and a one year high of $146.60.

Dorman Products (NASDAQ:DORM) last issued its quarterly 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. The firm had revenue of $503.77 million for the quarter, compared to analysts’ expectations of $509.54 million. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. Dorman Products’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.40 earnings per share. 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 large investors have recently added to or reduced their stakes in DORM. Intech Investment Management LLC bought a new stake in shares of Dorman Products during the 3rd quarter worth $2,014,000. HighTower Advisors LLC boosted its position 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 valued at $1,563,000 after purchasing an additional 11,246 shares during the period. Oppenheimer Asset Management Inc. increased its stake in Dorman Products by 41.2% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 13,688 shares of the auto parts company’s stock worth $1,548,000 after purchasing an additional 3,993 shares in the last quarter. 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 buying an additional 37,098 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in Dorman Products by 173.6% during 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 in the last quarter. 84.70% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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 report on Monday, November 4th. Four investment analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus 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.