Jeffery Darby Sells 1,400 Shares of Dorman Products, Inc. (NASDAQ:DORM) Stock

Dorman Products, Inc. (NASDAQ:DORM) 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 value of $138,572.00. Following the completion of the transaction, the senior vice president now directly owns 25,071 shares in the company, valued at $2,481,527.58. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Dorman Products Stock Performance

DORM stock traded down $0.06 during trading on Thursday, hitting $102.52. 56,061 shares of the company’s stock traded hands, compared to its average volume of 119,552. The company has a quick ratio of 1.17, a current ratio of 2.50 and a debt-to-equity ratio of 0.40. Dorman Products, Inc. has a 52 week low of $60.01 and a 52 week high of $104.74. The stock has a fifty day moving average price of $91.82 and a two-hundred day moving average price of $89.17. The stock has a market capitalization of $3.18 billion, a price-to-earnings ratio of 20.64 and a beta of 0.82.

Dorman Products (NASDAQ:DORM) last released its earnings results on Tuesday, May 7th. The auto parts company reported $1.31 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.49. Dorman Products had a net margin of 8.10% and a return on equity of 14.61%. The firm had revenue of $468.70 million during the quarter, compared to analyst estimates of $472.35 million. During the same quarter in the previous year, the firm earned $0.56 earnings per share. The firm’s revenue for the quarter was up .4% compared to the same quarter last year. As a group, equities analysts anticipate that Dorman Products, Inc. will post 5.64 EPS for the current fiscal year.

Analysts Set New Price Targets

DORM has been the subject of several research analyst reports. Roth Mkm reissued a “buy” rating and issued a $116.00 target price on shares of Dorman Products in a research report on Friday, June 14th. TheStreet raised shares of Dorman Products from a “c+” rating to a “b” rating in a research report on Wednesday, March 20th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Orion Portfolio Solutions LLC grew its stake in Dorman Products by 0.8% during the 1st quarter. Orion Portfolio Solutions LLC now owns 13,659 shares of the auto parts company’s stock worth $1,317,000 after buying an additional 114 shares during the last quarter. Park Avenue Securities LLC boosted its holdings in shares of Dorman Products by 4.6% in the first quarter. Park Avenue Securities LLC now owns 3,508 shares of the auto parts company’s stock valued at $338,000 after acquiring an additional 155 shares in the last quarter. Corient Private Wealth LLC boosted its holdings in shares of Dorman Products by 3.2% in the fourth quarter. Corient Private Wealth LLC now owns 5,823 shares of the auto parts company’s stock valued at $486,000 after acquiring an additional 181 shares in the last quarter. Sei Investments Co. boosted its holdings in shares of Dorman Products by 2.6% in the first quarter. Sei Investments Co. now owns 8,688 shares of the auto parts company’s stock valued at $837,000 after acquiring an additional 221 shares in the last quarter. Finally, Parallel Advisors LLC boosted its holdings in shares of Dorman Products by 277.4% in the fourth quarter. Parallel Advisors LLC now owns 317 shares of the auto parts company’s stock valued at $26,000 after acquiring an additional 233 shares in the last quarter. 84.70% of the stock is currently owned by institutional investors.

About Dorman Products

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.