Dorman Products, Inc. (NASDAQ:DORM) Director Steven L. Berman Sells 215 Shares of Stock

Dorman Products, Inc. (NASDAQ:DORM) Director Steven L. Berman sold 215 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $117.01, for a total value of $25,157.15. Following the completion of the sale, the director now owns 881,298 shares in the company, valued at $103,120,678.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Dorman Products Price Performance

Dorman Products stock opened at $115.30 on Wednesday. The stock has a market capitalization of $3.52 billion, a price-to-earnings ratio of 23.20 and a beta of 0.83. Dorman Products, Inc. has a 52-week low of $60.01 and a 52-week high of $119.28. The stock’s 50 day moving average price is $107.61 and its two-hundred day moving average price is $97.34. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.19 and a current ratio of 2.40.

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

Hedge Funds Weigh In On Dorman Products

Institutional investors have recently modified their holdings of the company. Teachers Retirement System of The State of Kentucky raised its position in shares of Dorman Products by 210.2% during the fourth 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 purchasing an additional 19,447 shares during the period. UniSuper Management Pty Ltd acquired a new position in shares of Dorman Products during the first quarter worth approximately $608,000. Assenagon Asset Management S.A. raised its position in shares of Dorman Products by 5.1% during the second quarter. Assenagon Asset Management S.A. now owns 224,374 shares of the auto parts company’s stock worth $20,526,000 after purchasing an additional 10,915 shares during the period. PEAK6 Investments LLC raised its position in shares of Dorman Products by 69.7% during the first quarter. PEAK6 Investments LLC now owns 30,896 shares of the auto parts company’s stock worth $2,978,000 after purchasing an additional 12,691 shares during the period. Finally, Trexquant Investment LP acquired a new position in shares of Dorman Products during the fourth quarter worth approximately $1,640,000. 84.70% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on the company. Roth Mkm reiterated a “buy” rating and issued a $116.00 target price on shares of Dorman Products in a report on Friday, June 14th. CJS Securities assumed coverage on Dorman Products in a report on Friday, September 13th. They issued an “outperform” rating and a $134.00 target price on the stock. Four analysts have rated the stock with a buy rating, According to MarketBeat, Dorman Products has an average rating of “Buy” and an average target price of $113.33.

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.