Dorman Products, Inc. (NASDAQ:DORM) SVP Scott Leff Sells 5,536 Shares of Stock

Dorman Products, Inc. (NASDAQ:DORM) SVP Scott Leff sold 5,536 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $132.66, for a total value of $734,405.76. Following the completion of the sale, the senior vice president now directly owns 13,336 shares of the company’s stock, valued at $1,769,153.76. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Dorman Products Price Performance

NASDAQ DORM opened at $136.92 on Thursday. The stock has a 50-day moving average of $115.02 and a 200 day moving average of $102.42. Dorman Products, Inc. has a one year low of $66.07 and a one year high of $146.60. The company has a market capitalization of $4.18 billion, a price-to-earnings 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.

Dorman Products (NASDAQ:DORM) last posted its 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. The company had revenue of $503.77 million for the quarter, compared to the consensus estimate of $509.54 million. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. Dorman Products’s revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.40 earnings per share. On average, sell-side analysts forecast that Dorman Products, Inc. will post 6.9 EPS for the current year.

Hedge Funds Weigh In On Dorman Products

Institutional investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets increased its holdings in Dorman Products by 28.4% in the 1st quarter. BNP Paribas Financial Markets now owns 30,185 shares of the auto parts company’s stock worth $2,910,000 after acquiring an additional 6,681 shares in the last quarter. Texas Permanent School Fund Corp boosted its stake in Dorman Products by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 24,802 shares of the auto parts company’s stock worth $2,391,000 after purchasing an additional 321 shares during the period. SG Americas Securities LLC purchased a new position in shares of Dorman Products in the first quarter worth $120,000. Illinois Municipal Retirement Fund grew its stake in Dorman Products by 6.0% during the first quarter. Illinois Municipal Retirement Fund now owns 16,634 shares of the auto parts company’s stock valued at $1,603,000 after acquiring an additional 942 shares in the last quarter. Finally, Sei Investments Co. lifted its stake in Dorman Products by 2.6% in the 1st quarter. Sei Investments Co. now owns 8,688 shares of the auto parts company’s stock worth $837,000 after purchasing an additional 221 shares in the last quarter. 84.70% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. CJS Securities initiated coverage on Dorman Products in a research report on Friday, September 13th. They issued an “outperform” rating and a $134.00 target price for the company. 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 research report on Monday. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $125.67.

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.