Insider Selling: Dorman Products, Inc. (NASDAQ:DORM) SVP Sells 2,400 Shares of Stock

Dorman Products, Inc. (NASDAQ:DORM) SVP Jeffery Darby sold 2,400 shares of the stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $118.98, for a total transaction of $285,552.00. Following the sale, the senior vice president now directly owns 19,871 shares of the company’s stock, valued at approximately $2,364,251.58. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• 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.
• On Tuesday, August 6th, Jeffery Darby sold 1,400 shares of Dorman Products stock. The shares were sold at an average price of $104.98, for a total transaction of $146,972.00.
• On Tuesday, July 16th, Jeffery Darby sold 1,400 shares of Dorman Products stock. The stock was sold at an average price of $98.98, for a total transaction of $138,572.00.

Dorman Products Trading Up 0.2 %

DORM opened at $116.64 on Wednesday. Dorman Products, Inc. has a 12-month low of $60.01 and a 12-month high of $119.28. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.40 and a quick ratio of 1.19. The stock has a market capitalization of $3.57 billion, a PE ratio of 23.47 and a beta of 0.83. The firm’s fifty day moving average price is $105.47 and its 200 day moving average price is $96.47.

Dorman Products (NASDAQ:DORM) last announced 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. Dorman Products had a return on equity of 15.97% and a net margin of 8.75%. The firm had revenue of $502.95 million during the quarter, compared to analyst estimates of $497.46 million. During the same period in the previous year, the company earned $1.01 earnings per share. Dorman Products’s quarterly revenue was up 4.7% on a year-over-year basis. As a group, research analysts expect that Dorman Products, Inc. will post 6.15 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have commented on DORM shares. CJS Securities assumed coverage on Dorman Products in a research report on Friday, September 13th. They issued an “outperform” rating and a $134.00 price objective on the stock. Roth Mkm reissued a “buy” rating and set a $116.00 price target on shares of Dorman Products in a research report on Friday, June 14th. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $113.33.

Hedge Funds Weigh In On Dorman Products

A number of large investors have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. raised its position in shares of Dorman Products by 4.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 326,932 shares of the auto parts company’s stock worth $27,269,000 after purchasing an additional 14,114 shares during the period. Jump Financial LLC increased its position in Dorman Products by 25.1% in the fourth quarter. Jump Financial LLC now owns 4,200 shares of the auto parts company’s stock worth $350,000 after buying an additional 844 shares during the period. Dimensional Fund Advisors LP lifted its stake in Dorman Products by 2.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 987,403 shares of the auto parts company’s stock valued at $82,361,000 after buying an additional 26,724 shares during the last quarter. Norges Bank bought a new stake in Dorman Products in the fourth quarter valued at $23,298,000. Finally, Corient Private Wealth LLC grew its position in shares of Dorman Products by 3.2% during the fourth quarter. Corient Private Wealth LLC now owns 5,823 shares of the auto parts company’s stock worth $486,000 after acquiring an additional 181 shares during the last quarter. 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.