Dorman Products, Inc. (NASDAQ:DORM) SVP Sells $146,972.00 in Stock

Dorman Products, Inc. (NASDAQ:DORM) SVP Jeffery Darby sold 1,400 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $104.98, for a total value of $146,972.00. Following the sale, the senior vice president now directly owns 23,671 shares of the company’s stock, valued at $2,484,981.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Jeffery Darby also recently made the following trade(s):

• On Tuesday, July 16th, Jeffery Darby sold 1,400 shares of Dorman Products stock. The shares were sold at an average price of $98.98, for a total value of $138,572.00.

Dorman Products Stock Performance

Dorman Products stock traded down $1.09 during trading on Wednesday, hitting $105.78. The stock had a trading volume of 122,465 shares, compared to its average volume of 124,162. The stock has a market cap of $3.28 billion, a price-to-earnings ratio of 21.09 and a beta of 0.82. The stock’s 50 day moving average is $94.32 and its two-hundred day moving average is $91.17. 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 1 year low of $60.01 and a 1 year high of $109.38.

Dorman Products (NASDAQ:DORM) last announced its quarterly earnings data on Thursday, August 1st. The auto parts company reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.48. The company had revenue of $502.95 million during the quarter, compared to analyst estimates of $497.46 million. Dorman Products had a return on equity of 16.12% and a net margin of 8.75%. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.01 EPS. As a group, analysts predict that Dorman Products, Inc. will post 6.1 EPS for the current year.

Institutional Trading of Dorman Products

A number of institutional investors have recently modified their holdings of DORM. Parallel Advisors LLC raised its holdings in Dorman Products by 277.4% during the 4th 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 during the period. YHB Investment Advisors Inc. purchased a new position in shares of Dorman Products in the first quarter valued at $34,000. Quest Partners LLC bought a new stake in shares of Dorman Products during the 4th quarter valued at $37,000. Mather Group LLC. bought a new position in Dorman Products in the 1st quarter worth about $48,000. Finally, Rothschild Investment LLC purchased a new position in Dorman Products during the 2nd quarter valued at about $66,000. 84.70% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Roth Mkm reissued a “buy” rating and issued a $116.00 price target on shares of Dorman Products in a report on Friday, June 14th.

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.