Donna M. Long Sells 742 Shares of Dorman Products, Inc. (NASDAQ:DORM) Stock

Dorman Products, Inc. (NASDAQ:DORM - Get Free Report) SVP Donna M. Long sold 742 shares of the business's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $130.38, for a total transaction of $96,741.96. Following the completion of the sale, the senior vice president now owns 19,894 shares of the company's stock, valued at $2,593,779.72. The trade was a 3.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Dorman Products Stock Performance

NASDAQ:DORM traded up $0.27 during trading hours on Monday, hitting $125.18. 297,697 shares of the company traded hands, compared to its average volume of 197,995. The firm has a 50-day moving average of $128.37 and a 200 day moving average of $125.22. The stock has a market capitalization of $3.83 billion, a price-to-earnings ratio of 20.93 and a beta of 0.84. The company has a current ratio of 2.34, a quick ratio of 1.16 and a debt-to-equity ratio of 0.37. Dorman Products, Inc. has a twelve month low of $86.61 and a twelve month high of $146.60.

Dorman Products (NASDAQ:DORM - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The auto parts company reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.99 by $0.21. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. The firm had revenue of $533.77 million for the quarter, compared to analyst estimates of $523.95 million. On average, analysts forecast that Dorman Products, Inc. will post 6.9 EPS for the current year.

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Hedge Funds Weigh In On Dorman Products

Hedge funds and other institutional investors have recently made changes to their positions in the business. Fuller & Thaler Asset Management Inc. acquired a new position in Dorman Products in the fourth quarter worth about $42,495,000. Norges Bank bought a new position in shares of Dorman Products during the 4th quarter worth approximately $41,047,000. Fiera Capital Corp acquired a new stake in Dorman Products in the 3rd quarter valued at $25,571,000. Oberweis Asset Management Inc. acquired a new position in Dorman Products during the fourth quarter worth $23,283,000. Finally, Wellington Management Group LLP lifted its holdings in shares of Dorman Products by 1,136.2% during the fourth quarter. Wellington Management Group LLP now owns 174,717 shares of the auto parts company's stock valued at $22,635,000 after acquiring an additional 160,584 shares during the period. 84.70% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com raised Dorman Products from a "buy" rating to a "strong-buy" rating in a research report on Friday, February 28th.

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.