Dorman Products, Inc. (NASDAQ:DORM) Short Interest Update

Dorman Products, Inc. (NASDAQ:DORM - Get Free Report) was the target of a large decline in short interest in the month of September. As of September 30th, there was short interest totalling 340,100 shares, a decline of 9.3% from the September 15th total of 375,100 shares. Approximately 1.3% of the shares of the company are sold short. Based on an average daily volume of 148,300 shares, the days-to-cover ratio is presently 2.3 days.

Insider Buying and Selling at Dorman Products

In related news, Director Steven L. Berman sold 27,632 shares of the firm's stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $115.72, for a total value of $3,197,575.04. Following the transaction, the director now owns 936,024 shares of the company's stock, valued at approximately $108,316,697.28. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Steven L. Berman sold 27,632 shares of the firm's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $115.72, for a total value of $3,197,575.04. Following the transaction, the director now directly owns 936,024 shares of the company's stock, valued at approximately $108,316,697.28. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Steven L. Berman sold 16,071 shares of Dorman Products stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $116.55, for a total value of $1,873,075.05. Following the transaction, the director now owns 888,656 shares in the company, valued at $103,572,856.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 53,297 shares of company stock worth $6,163,491 in the last three months. 10.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Dorman Products

Hedge funds have recently modified their holdings of the stock. Inspire Advisors LLC increased its holdings in Dorman Products by 1.3% in the 2nd quarter. Inspire Advisors LLC now owns 8,679 shares of the auto parts company's stock valued at $794,000 after acquiring an additional 112 shares during the last quarter. Orion Portfolio Solutions LLC grew its position in shares of Dorman Products by 0.8% during the first quarter. Orion Portfolio Solutions LLC now owns 13,659 shares of the auto parts company's stock valued at $1,317,000 after purchasing an additional 114 shares in the last quarter. Creative Planning increased its holdings in shares of Dorman Products by 3.3% in the second quarter. Creative Planning now owns 4,499 shares of the auto parts company's stock worth $412,000 after purchasing an additional 144 shares during the last quarter. Park Avenue Securities LLC lifted its position in shares of Dorman Products by 4.6% in the first quarter. Park Avenue Securities LLC now owns 3,508 shares of the auto parts company's stock worth $338,000 after buying an additional 155 shares in the last quarter. Finally, Procyon Advisors LLC boosted its stake in Dorman Products by 7.1% during the third quarter. Procyon Advisors LLC now owns 2,730 shares of the auto parts company's stock valued at $309,000 after buying an additional 180 shares during the last quarter. Hedge funds and other institutional investors own 84.70% of the company's stock.

Dorman Products Price Performance

DORM stock traded up $0.39 during trading on Thursday, reaching $118.14. The company's stock had a trading volume of 172,458 shares, compared to its average volume of 129,323. The company's fifty day moving average is $111.48 and its 200-day moving average is $99.65. Dorman Products has a 1 year low of $60.01 and a 1 year high of $119.28. The company has a market capitalization of $3.66 billion, a P/E ratio of 23.77 and a beta of 0.82. The company has a quick ratio of 1.19, a current ratio of 2.40 and a debt-to-equity ratio of 0.38.

Dorman Products (NASDAQ:DORM - Get Free Report) last issued its earnings results on Thursday, August 1st. The auto parts company reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.48. Dorman Products had a return on equity of 15.97% and a net margin of 8.75%. The company had revenue of $502.95 million for the quarter, compared to the consensus estimate of $497.46 million. During the same quarter last year, the company earned $1.01 EPS. The firm's quarterly revenue was up 4.7% on a year-over-year basis. On average, research analysts expect that Dorman Products will post 6.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, CJS Securities initiated coverage on shares of Dorman Products in a report on Friday, September 13th. They issued an "outperform" rating and a $134.00 target price for the company. Four investment analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and an average price target of $113.33.

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.

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