Steven L. Berman Sells 130 Shares of Dorman Products, Inc. (NASDAQ:DORM) Stock

Dorman Products, Inc. (NASDAQ:DORM) Director Steven L. Berman sold 130 shares of the company’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $135.00, for a total value of $17,550.00. Following the completion of the sale, the director now directly owns 864,675 shares in the company, valued at $116,731,125. This trade represents a 0.02 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Dorman Products Stock Up 0.8 %

Shares of NASDAQ:DORM opened at $131.36 on Friday. The company has a market capitalization of $4.01 billion, a P/E ratio of 21.97 and a beta of 0.87. The stock’s fifty day simple moving average is $131.02 and its 200-day simple moving average is $112.78. Dorman Products, Inc. has a 52-week low of $79.20 and a 52-week high of $146.60. The company has a quick ratio of 1.16, a current ratio of 2.34 and a debt-to-equity ratio of 0.37.

Dorman Products (NASDAQ:DORM) last released its earnings results 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. The company had revenue of $503.77 million for the quarter, compared to analyst estimates of $509.54 million. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.40 EPS. As a group, equities research analysts forecast that Dorman Products, Inc. will post 6.9 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on DORM shares. CJS Securities began coverage on shares of 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 reaffirmed a “buy” rating and issued a $153.00 price target (up previously from $126.00) on shares of Dorman Products in a report on Monday, November 4th. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $125.67.

Institutional Trading of Dorman Products

Several hedge funds and other institutional investors have recently bought and sold shares of DORM. Tributary Capital Management LLC lifted its stake in shares of Dorman Products by 0.6% during the 2nd quarter. Tributary Capital Management LLC now owns 206,380 shares of the auto parts company’s stock worth $18,880,000 after purchasing an additional 1,149 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Dorman Products by 24.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,330 shares of the auto parts company’s stock valued at $579,000 after purchasing an additional 1,231 shares during the period. Rothschild Investment LLC acquired a new position in Dorman Products in the second quarter valued at $66,000. Natixis Advisors LLC lifted its position in Dorman Products by 1.7% during the second quarter. Natixis Advisors LLC now owns 24,433 shares of the auto parts company’s stock worth $2,235,000 after buying an additional 416 shares during the period. Finally, Versor Investments LP acquired a new stake in Dorman Products in the 2nd quarter worth about $256,000. 84.70% of the stock is owned by hedge funds and other institutional investors.

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.