Jeffery Darby Sells 2,400 Shares of Dorman Products, Inc. (NASDAQ:DORM) Stock

Dorman Products, Inc. (NASDAQ:DORM) SVP Jeffery Darby sold 2,400 shares of Dorman Products stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $124.98, for a total transaction of $299,952.00. Following the transaction, the senior vice president now directly owns 17,471 shares in the company, valued at $2,183,525.58. The trade was 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 link.

Jeffery Darby also recently made the following trade(s):

• On Tuesday, September 17th, Jeffery Darby sold 2,400 shares of Dorman Products stock. The stock was sold at an average price of $118.98, for a total value of $285,552.00.
• On Monday, August 26th, Jeffery Darby sold 1,400 shares of Dorman Products stock. The stock was sold at an average price of $113.98, for a total transaction of $159,572.00.

Dorman Products Price Performance

NASDAQ:DORM opened at $136.92 on Thursday. Dorman Products, Inc. has a 52-week low of $66.07 and a 52-week high of $146.60. The company has a market cap of $4.18 billion, a P/E ratio of 22.90 and a beta of 0.83. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 2.34. The stock’s 50-day simple moving average is $115.02 and its 200 day simple moving average is $102.42.

Dorman Products (NASDAQ:DORM) last announced its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.43. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. The company had revenue of $503.77 million for the quarter, compared to analysts’ expectations of $509.54 million. During the same quarter in the prior year, the business posted $1.40 EPS. The business’s revenue was up 3.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in Dorman Products by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 3,032,285 shares of the auto parts company’s stock valued at $292,282,000 after purchasing an additional 41,849 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Dorman Products by 2.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,029,044 shares of the auto parts company’s stock valued at $94,136,000 after buying an additional 24,811 shares during the last quarter. Royce & Associates LP boosted its stake 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 worth $59,262,000 after acquiring an additional 78,496 shares during the period. WCM Investment Management LLC increased its holdings in shares of Dorman Products by 2.3% during the 3rd quarter. WCM Investment Management LLC now owns 302,620 shares of the auto parts company’s stock worth $34,372,000 after acquiring an additional 6,754 shares during the last quarter. Finally, Jennison Associates LLC raised its stake in Dorman Products by 73.1% in the 1st quarter. Jennison Associates LLC now owns 283,387 shares of the auto parts company’s stock valued at $27,316,000 after acquiring an additional 119,707 shares during the period. Institutional investors own 84.70% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Roth Mkm reiterated a “buy” rating and set a $153.00 target price (up previously from $126.00) on shares of Dorman Products in a report on Monday. CJS Securities assumed coverage on Dorman Products in a research note on Friday, September 13th. They issued an “outperform” rating and a $134.00 target price on the stock. Four analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $125.67.

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.