Raymond James & Associates raised its position in Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 26.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,867 shares of the auto parts company's stock after buying an additional 7,349 shares during the period. Raymond James & Associates owned approximately 0.11% of Dorman Products worth $3,944,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Quest Partners LLC bought a new stake in shares of Dorman Products in the second quarter worth $37,000. GAMMA Investing LLC increased its position in shares of Dorman Products by 63.2% in the 3rd quarter. GAMMA Investing LLC now owns 483 shares of the auto parts company's stock worth $55,000 after purchasing an additional 187 shares during the last quarter. USA Financial Formulas acquired a new stake in shares of Dorman Products in the 3rd quarter valued at about $58,000. Rothschild Investment LLC bought a new position in shares of Dorman Products during the second quarter worth about $66,000. Finally, SG Americas Securities LLC acquired a new position in Dorman Products in the first quarter worth about $120,000. 84.70% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on DORM. CJS Securities began coverage on Dorman Products in a research note on Friday, September 13th. They set an "outperform" rating and a $134.00 price objective on the stock. Roth Mkm reaffirmed a "buy" rating and issued a $153.00 price objective (up previously from $126.00) on shares of Dorman Products in a report on Monday. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $125.67.
Check Out Our Latest Research Report on Dorman Products
Dorman Products Stock Performance
DORM stock traded up $5.94 during midday trading on Monday, reaching $133.73. The company had a trading volume of 250,017 shares, compared to its average volume of 130,060. The firm has a market capitalization of $4.09 billion, a PE ratio of 22.27 and a beta of 0.83. The stock has a 50 day moving average price of $113.58 and a 200 day moving average price of $101.50. Dorman Products, Inc. has a fifty-two week low of $66.07 and a fifty-two week high of $135.02. 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 released its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.53 by $0.43. Dorman Products had a return on equity of 17.15% and a net margin of 9.43%. The business had revenue of $503.77 million during the quarter, compared to analyst estimates of $509.54 million. During the same quarter in the previous year, the firm posted $1.40 EPS. The business's revenue for the quarter was up 3.2% compared to the same quarter last year. Analysts anticipate that Dorman Products, Inc. will post 6.15 earnings per share for the current year.
Insider Transactions at Dorman Products
In related news, Director Steven L. Berman sold 2,669 shares of Dorman Products stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $112.57, for a total value of $300,449.33. Following the sale, the director now directly owns 876,156 shares in the company, valued at $98,628,880.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director Steven L. Berman sold 2,669 shares of the firm's stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $112.57, for a total value of $300,449.33. Following the sale, the director now directly owns 876,156 shares in the company, valued at $98,628,880.92. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Jeffery Darby sold 1,400 shares of the business's stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $104.98, for a total value of $146,972.00. Following the transaction, the senior vice president now owns 23,671 shares of the company's stock, valued at $2,484,981.58. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 53,297 shares of company stock worth $6,163,491. Insiders own 10.00% of the company's stock.
Dorman Products Profile
(
Free Report)
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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