Dorman Products, Inc. (NASDAQ:DORM) Director Sells $1,123,377.96 in Stock

Dorman Products, Inc. (NASDAQ:DORM - Get Free Report) Director Steven L. Berman sold 8,524 shares of Dorman Products stock in a transaction dated Wednesday, January 29th. The stock was sold at an average price of $131.79, for a total value of $1,123,377.96. Following the completion of the transaction, the director now directly owns 773,094 shares of the company's stock, valued at approximately $101,886,058.26. This represents a 1.09 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Dorman Products Stock Performance

Shares of NASDAQ:DORM traded down $0.14 during trading on Monday, hitting $131.14. The company's stock had a trading volume of 235,328 shares, compared to its average volume of 196,411. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.34 and a quick ratio of 1.16. The firm has a market cap of $4.00 billion, a price-to-earnings ratio of 21.93 and a beta of 0.88. The company has a 50-day moving average of $132.73 and a 200-day moving average of $121.10. Dorman Products, Inc. has a 12 month low of $79.43 and a 12 month high of $146.60.

Dorman Products (NASDAQ:DORM - Get Free Report) last issued its quarterly earnings results 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 net margin of 9.43% and a return on equity of 16.95%. The business had revenue of $503.77 million for the quarter, compared to the consensus estimate of $509.54 million. During the same quarter in the previous year, the firm earned $1.40 earnings per share. The company's revenue for the quarter was up 3.2% on a year-over-year basis. On average, sell-side analysts expect that Dorman Products, Inc. will post 6.9 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Roth Mkm reaffirmed a "buy" rating and set a $153.00 price objective (up 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 data from MarketBeat.com, Dorman Products has a consensus rating of "Buy" and an average target price of $125.67.

Hedge Funds Weigh In On Dorman Products

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Fiera Capital Corp bought a new position in shares of Dorman Products in the 3rd quarter valued at about $25,571,000. State Street Corp lifted its stake in shares of 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 valued at $125,374,000 after purchasing an additional 87,780 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Dorman Products by 173.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 133,341 shares of the auto parts company's stock worth $15,084,000 after purchasing an additional 84,613 shares during the period. Royce & Associates LP increased 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 purchasing an additional 78,496 shares during the last quarter. Finally, Jennison Associates LLC raised its holdings in Dorman Products by 13.9% during the 3rd quarter. Jennison Associates LLC now owns 454,852 shares of the auto parts company's stock valued at $51,453,000 after buying an additional 55,615 shares during the period. Institutional investors own 84.70% of the company's stock.

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.