Donna M. Long Sells 742 Shares of Dorman Products, Inc. (NASDAQ:DORM) Stock

Dorman Products, Inc. (NASDAQ:DORM) SVP Donna M. Long sold 742 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $130.38, for a total value of $96,741.96. Following the completion of the sale, the senior vice president now owns 19,894 shares in the company, valued at approximately $2,593,779.72. The trade was a 3.60 % 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.

Dorman Products Trading Down 3.0 %

Shares of NASDAQ DORM opened at $124.91 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 2.34. The business’s 50 day moving average price is $128.37 and its 200-day moving average price is $125.11. Dorman Products, Inc. has a fifty-two week low of $86.61 and a fifty-two week high of $146.60. The company has a market cap of $3.82 billion, a price-to-earnings ratio of 20.89 and a beta of 0.84.

Dorman Products (NASDAQ:DORM) last announced its quarterly earnings data on Wednesday, February 26th. The auto parts company reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.99 by $0.21. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. The company had revenue of $533.77 million for the quarter, compared to analysts’ expectations of $523.95 million. On average, sell-side analysts expect that Dorman Products, Inc. will post 6.9 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Dorman Products from a “buy” rating to a “strong-buy” rating in a report on Friday, February 28th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of DORM. Wealth Enhancement Advisory Services LLC bought a new position in Dorman Products in the third quarter worth approximately $251,000. New York State Teachers Retirement System grew its stake in Dorman Products by 11.9% in the third quarter. New York State Teachers Retirement System now owns 23,659 shares of the auto parts company’s stock worth $2,676,000 after purchasing an additional 2,509 shares in the last quarter. US Bancorp DE grew its stake in Dorman Products by 3.7% in the third quarter. US Bancorp DE now owns 8,382 shares of the auto parts company’s stock worth $948,000 after purchasing an additional 298 shares in the last quarter. Farther Finance Advisors LLC grew its stake in Dorman Products by 5,460.0% in the third quarter. Farther Finance Advisors LLC now owns 278 shares of the auto parts company’s stock worth $31,000 after purchasing an additional 273 shares in the last quarter. Finally, QRG Capital Management Inc. bought a new stake in Dorman Products during the 3rd quarter valued at $204,000. Institutional investors own 84.70% of the company’s stock.

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.