Inspire Advisors LLC Has $941,000 Stock Position in Dorman Products, Inc. (NASDAQ:DORM)

Inspire Advisors LLC lessened its holdings in Dorman Products, Inc. (NASDAQ:DORM) by 4.1% in the 3rd quarter, Holdings Channel reports. The firm owned 8,321 shares of the auto parts company’s stock after selling 358 shares during the quarter. Inspire Advisors LLC’s holdings in Dorman Products were worth $941,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Orion Portfolio Solutions LLC raised its holdings in Dorman Products by 0.8% during the first quarter. Orion Portfolio Solutions LLC now owns 13,659 shares of the auto parts company’s stock valued at $1,317,000 after buying an additional 114 shares in the last quarter. Creative Planning raised its stake in shares of Dorman Products by 3.3% in the 2nd quarter. Creative Planning now owns 4,499 shares of the auto parts company’s stock valued at $412,000 after acquiring an additional 144 shares in the last quarter. Park Avenue Securities LLC raised its stake in shares of Dorman Products by 4.6% in the 1st 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. Procyon Advisors LLC grew its holdings in Dorman Products by 7.1% during the third quarter. Procyon Advisors LLC now owns 2,730 shares of the auto parts company’s stock valued at $309,000 after purchasing an additional 180 shares during the last quarter. Finally, Trust Point Inc. raised its position in shares of Dorman Products by 2.4% in the third quarter. Trust Point Inc. now owns 7,918 shares of the auto parts company’s stock valued at $896,000 after purchasing an additional 183 shares during the period. Institutional investors and hedge funds own 84.70% of the company’s stock.

Analysts Set New Price Targets

Separately, CJS Securities assumed coverage on shares of Dorman Products in a research note on Friday, September 13th. They issued an “outperform” rating and a $134.00 target price on the stock. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $113.33.

Insiders Place Their Bets

In other news, Director Steven L. Berman sold 215 shares of Dorman Products 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 transaction, the director now owns 881,298 shares in the company, valued at approximately $103,120,678.98. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Steven L. Berman sold 27,632 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $115.72, for a total value of $3,197,575.04. Following the completion of the sale, the director now owns 936,024 shares of the company’s stock, valued at $108,316,697.28. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Steven L. Berman sold 215 shares of the stock in a transaction 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 transaction, the director now owns 881,298 shares in the company, valued at $103,120,678.98. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 53,297 shares of company stock valued at $6,163,491. 10.00% of the stock is currently owned by insiders.

Dorman Products Stock Performance

DORM traded up $0.13 on Friday, hitting $118.27. 20,645 shares of the stock traded hands, compared to its average volume of 128,781. The business has a fifty day moving average price of $111.48 and a two-hundred day moving average price of $99.65. The company has a current ratio of 2.40, a quick ratio of 1.19 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $3.62 billion, a PE ratio of 21.64 and a beta of 0.82. Dorman Products, Inc. has a 52 week low of $60.01 and a 52 week high of $119.28.

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

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.