Dorman Products, Inc. (NASDAQ:DORM) Shares Acquired by Algert Global LLC

Algert Global LLC grew its stake in Dorman Products, Inc. (NASDAQ:DORM) by 404.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,149 shares of the auto parts company’s stock after purchasing an additional 31,387 shares during the quarter. Algert Global LLC’s holdings in Dorman Products were worth $3,581,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Parallel Advisors LLC boosted its position in Dorman Products by 277.4% during the fourth quarter. Parallel Advisors LLC now owns 317 shares of the auto parts company’s stock worth $26,000 after acquiring an additional 233 shares during the last quarter. YHB Investment Advisors Inc. acquired a new position in Dorman Products in the 1st quarter valued at about $34,000. Quest Partners LLC acquired a new position in Dorman Products in the 2nd quarter valued at about $37,000. Mather Group LLC. acquired a new position in Dorman Products in the 1st quarter valued at about $48,000. Finally, Rothschild Investment LLC acquired a new position in Dorman Products in the 2nd quarter valued at about $66,000. Institutional investors and hedge funds own 84.70% of the company’s stock.

Dorman Products Price Performance

Dorman Products stock opened at $113.12 on Tuesday. The company’s 50 day simple moving average is $108.58 and its 200-day simple moving average is $97.98. The company has a market capitalization of $3.51 billion, a price-to-earnings ratio of 22.76 and a beta of 0.83. Dorman Products, Inc. has a 1 year low of $60.01 and a 1 year high of $119.28. 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 released its quarterly earnings results on Thursday, August 1st. The auto parts company reported $1.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.48. The business had revenue of $502.95 million for the quarter, compared to the consensus estimate of $497.46 million. Dorman Products had a net margin of 8.75% and a return on equity of 15.97%. The business’s revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.01 EPS. As a group, equities research analysts expect that Dorman Products, Inc. will post 6.15 earnings per share for the current year.

Insider Buying and Selling

In related news, SVP Jeffery Darby sold 1,400 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $98.98, for a total transaction of $138,572.00. Following the sale, the senior vice president now directly owns 25,071 shares of the company’s stock, valued at approximately $2,481,527.58. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Steven L. Berman sold 16,071 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $116.55, for a total transaction of $1,873,075.05. Following the sale, the director now directly owns 888,656 shares of the company’s stock, valued at approximately $103,572,856.80. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Jeffery Darby sold 1,400 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $98.98, for a total transaction of $138,572.00. Following the sale, the senior vice president now directly owns 25,071 shares in the company, valued at $2,481,527.58. The disclosure for this sale can be found here. Insiders have sold a total of 51,849 shares of company stock valued at $5,980,938 in the last ninety days. Company insiders own 10.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on DORM shares. 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 initiated coverage on shares of Dorman Products in a research note on Friday, September 13th. They issued an “outperform” rating and a $134.00 price target on the stock. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $113.33.

Dorman Products 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.