Short Interest in Dorman Products, Inc. (NASDAQ:DORM) Increases By 5.7%

Dorman Products, Inc. (NASDAQ:DORM - Get Free Report) saw a significant growth in short interest in October. As of October 15th, there was short interest totalling 359,400 shares, a growth of 5.7% from the September 30th total of 340,100 shares. Based on an average daily trading volume, of 146,200 shares, the days-to-cover ratio is currently 2.5 days. Currently, 1.4% of the company's shares are sold short.

Insider Buying and Selling at Dorman Products

In other news, Director Steven L. Berman sold 27,632 shares of Dorman Products 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 directly owns 936,024 shares of the company's stock, valued at $108,316,697.28. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other 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 completion of the sale, the director now owns 936,024 shares of the company's stock, valued at $108,316,697.28. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Jeffery Darby sold 2,400 shares of Dorman Products stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $118.98, for a total value of $285,552.00. Following the transaction, the senior vice president now owns 19,871 shares in the company, valued at $2,364,251.58. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 53,297 shares of company stock valued at $6,163,491. 10.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Dorman Products

Several institutional investors and hedge funds have recently modified their holdings of DORM. Inspire Advisors LLC lifted its position in shares of Dorman Products by 1.3% in the second quarter. Inspire Advisors LLC now owns 8,679 shares of the auto parts company's stock worth $794,000 after buying an additional 112 shares during the last quarter. Orion Portfolio Solutions LLC grew its holdings in 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 during the last quarter. Creative Planning lifted its stake 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 buying an additional 144 shares during the last quarter. Procyon Advisors LLC boosted its holdings in shares of Dorman Products by 7.1% during the 3rd quarter. Procyon Advisors LLC now owns 2,730 shares of the auto parts company's stock worth $309,000 after buying an additional 180 shares during the period. Finally, Trust Point Inc. grew its stake in Dorman Products by 2.4% in the 3rd quarter. Trust Point Inc. now owns 7,918 shares of the auto parts company's stock valued at $896,000 after buying an additional 183 shares during the last quarter. Institutional investors and hedge funds own 84.70% of the company's stock.

Wall Street Analyst Weigh In

Separately, CJS Securities started coverage on shares of Dorman Products in a research note on Friday, September 13th. They issued an "outperform" rating and a $134.00 price objective on the stock. Four investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Dorman Products presently has a consensus rating of "Buy" and an average target price of $113.33.

Dorman Products Stock Down 1.5 %

Shares of DORM traded down $1.72 during midday trading on Thursday, reaching $114.03. 95,908 shares of the stock were exchanged, compared to its average volume of 128,273. The company has a market cap of $3.49 billion, a price-to-earnings ratio of 21.14 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 has a 12-month low of $60.01 and a 12-month high of $119.28. The firm has a 50 day simple moving average of $113.17 and a 200-day simple moving average of $100.97.

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

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.