Sheets Smith Wealth Management Has $1.94 Million Stock Holdings in Dorman Products, Inc. (NASDAQ:DORM)

Sheets Smith Wealth Management boosted its position in Dorman Products, Inc. (NASDAQ:DORM) by 26.7% in the 4th quarter, HoldingsChannel reports. The firm owned 14,953 shares of the auto parts company’s stock after acquiring an additional 3,150 shares during the period. Sheets Smith Wealth Management’s holdings in Dorman Products were worth $1,937,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the company. Intech Investment Management LLC acquired a new stake in shares of Dorman Products during the 3rd quarter worth approximately $2,014,000. HighTower Advisors LLC boosted its holdings in shares of Dorman Products by 431.9% during the 3rd quarter. HighTower Advisors LLC now owns 13,850 shares of the auto parts company’s stock worth $1,563,000 after buying an additional 11,246 shares in the last quarter. Oppenheimer Asset Management Inc. grew its stake in Dorman Products by 41.2% in the third quarter. Oppenheimer Asset Management Inc. now owns 13,688 shares of the auto parts company’s stock valued at $1,548,000 after acquiring an additional 3,993 shares during the period. Barclays PLC raised its holdings in shares of Dorman Products by 380.7% in the 3rd quarter. Barclays PLC now owns 46,842 shares of the auto parts company’s stock worth $5,298,000 after acquiring an additional 37,098 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Dorman Products by 173.6% during the third quarter. JPMorgan Chase & Co. now owns 133,341 shares of the auto parts company’s stock worth $15,084,000 after buying an additional 84,613 shares in the last quarter. 84.70% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Dorman Products

In other Dorman Products news, Director Steven L. Berman sold 8,485 shares of Dorman Products stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $136.83, for a total value of $1,161,002.55. Following the completion of the sale, the director now directly owns 867,671 shares of the company’s stock, valued at approximately $118,723,422.93. The trade was a 0.97 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John Mcknight sold 8,185 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $139.34, for a total value of $1,140,497.90. Following the completion of the transaction, the insider now directly owns 8,902 shares in the company, valued at approximately $1,240,404.68. The trade was a 47.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,312 shares of company stock worth $5,037,766. 10.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

Separately, Roth Mkm restated a “buy” rating and set a $153.00 price target (up previously from $126.00) on shares of Dorman Products in a research report on Monday, November 4th. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $125.67.

Dorman Products Stock Up 0.4 %

Shares of NASDAQ DORM opened at $130.06 on Wednesday. The firm has a fifty day simple moving average of $133.64 and a two-hundred day simple moving average of $118.76. Dorman Products, Inc. has a 12 month low of $79.43 and a 12 month high of $146.60. The firm has a market capitalization of $3.97 billion, a PE ratio of 21.75 and a beta of 0.89. The company has a current ratio of 2.34, a quick ratio of 1.16 and a debt-to-equity ratio of 0.37.

Dorman Products (NASDAQ:DORM) last issued its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.43. The firm had revenue of $503.77 million for the quarter, compared to analysts’ expectations of $509.54 million. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. The business’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.40 EPS. Equities analysts expect that Dorman Products, Inc. will post 6.9 earnings per share for the current 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.