Dorman Products, Inc. (NASDAQ:DORM) Director Steven L. Berman Sells 617 Shares

Dorman Products, Inc. (NASDAQ:DORM) Director Steven L. Berman sold 617 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $123.23, for a total transaction of $76,032.91. Following the sale, the director now owns 832,910 shares in the company, valued at approximately $102,639,499.30. This trade represents a 0.07 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Dorman Products Stock Performance

Dorman Products stock opened at $129.60 on Friday. The company has a market cap of $3.96 billion, a price-to-earnings ratio of 21.67 and a beta of 0.89. Dorman Products, Inc. has a 12 month low of $79.43 and a 12 month high of $146.60. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.34 and a quick ratio of 1.16. The stock’s 50-day moving average is $133.92 and its 200-day moving average is $117.81.

Dorman Products (NASDAQ:DORM) last announced its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.43. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. The firm had revenue of $503.77 million for the quarter, compared to analysts’ expectations of $509.54 million. During the same period in the previous year, the company posted $1.40 earnings per share. Dorman Products’s revenue was up 3.2% compared to the same quarter last year. Equities analysts anticipate that Dorman Products, Inc. will post 6.9 earnings per share for the current year.

Institutional Trading of Dorman Products

Several large investors have recently added to or reduced their stakes in DORM. State Street Corp boosted its position in shares of Dorman Products by 8.6% in the third quarter. State Street Corp now owns 1,108,327 shares of the auto parts company’s stock worth $125,374,000 after buying an additional 87,780 shares during the period. Dimensional Fund Advisors LP lifted its position in Dorman Products by 2.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,029,044 shares of the auto parts company’s stock worth $94,136,000 after acquiring an additional 24,811 shares in the last quarter. Royce & Associates LP boosted its holdings in Dorman Products by 17.6% in 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. Jennison Associates LLC grew its position in Dorman Products by 13.9% in the third quarter. Jennison Associates LLC now owns 454,852 shares of the auto parts company’s stock valued at $51,453,000 after acquiring an additional 55,615 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Dorman Products by 1.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 350,615 shares of the auto parts company’s stock valued at $39,662,000 after purchasing an additional 3,365 shares during the period. 84.70% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Roth Mkm reiterated a “buy” rating and set a $153.00 price objective (up from $126.00) on shares of Dorman Products in a report on Monday, November 4th. Four analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target 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.