Dorman Products (NASDAQ:DORM) Earns Outperform Rating from Analysts at CJS Securities

CJS Securities started coverage on shares of Dorman Products (NASDAQ:DORM) in a research note issued to investors on Friday morning, Marketbeat reports. The brokerage issued an outperform rating and a $134.00 target price on the auto parts company’s stock.

Separately, Roth Mkm reaffirmed a buy rating and set a $116.00 price target on shares of Dorman Products in a report on Friday, June 14th. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of Buy and an average price target of $113.33.

Dorman Products Price Performance

DORM stock opened at $115.24 on Friday. The company has a quick ratio of 1.19, a current ratio of 2.40 and a debt-to-equity ratio of 0.38. Dorman Products has a 12 month low of $60.01 and a 12 month high of $115.62. The firm has a market cap of $3.52 billion, a P/E ratio of 23.19 and a beta of 0.83. The company’s 50-day moving average price is $104.35 and its two-hundred day moving average price is $96.14.

Dorman Products (NASDAQ:DORM) last released its earnings results on Thursday, August 1st. The auto parts company reported $1.67 EPS for the quarter, beating the consensus estimate of $1.19 by $0.48. The firm had revenue of $502.95 million for the quarter, compared to analyst estimates of $497.46 million. Dorman Products had a net margin of 8.75% and a return on equity of 15.97%. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last year, the firm earned $1.01 EPS. On average, analysts anticipate that Dorman Products will post 6.15 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Dorman Products news, SVP Jeffery Darby sold 1,400 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $113.98, for a total transaction of $159,572.00. Following the sale, the senior vice president now directly owns 22,271 shares of the company’s stock, valued at approximately $2,538,448.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 4,200 shares of company stock valued at $445,116 in the last ninety days. 10.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Dorman Products

Institutional investors have recently added to or reduced their stakes in the business. Teachers Retirement System of The State of Kentucky grew its holdings in Dorman Products by 210.2% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 28,700 shares of the auto parts company’s stock worth $2,394,000 after acquiring an additional 19,447 shares during the last quarter. UniSuper Management Pty Ltd bought a new stake in Dorman Products during the 1st quarter worth approximately $608,000. Assenagon Asset Management S.A. grew its holdings in Dorman Products by 5.1% during the 2nd quarter. Assenagon Asset Management S.A. now owns 224,374 shares of the auto parts company’s stock worth $20,526,000 after acquiring an additional 10,915 shares during the last quarter. PEAK6 Investments LLC grew its holdings in Dorman Products by 69.7% during the 1st quarter. PEAK6 Investments LLC now owns 30,896 shares of the auto parts company’s stock worth $2,978,000 after acquiring an additional 12,691 shares during the last quarter. Finally, Trexquant Investment LP acquired a new position in shares of Dorman Products in the 4th quarter worth approximately $1,640,000. 84.70% of the stock is owned by 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.