Apollon Wealth Management LLC Buys New Stake in Dorman Products, Inc. (NASDAQ:DORM)

Apollon Wealth Management LLC bought a new stake in shares of Dorman Products, Inc. (NASDAQ:DORM) in the third quarter, Holdings Channel reports. The fund bought 3,771 shares of the auto parts company’s stock, valued at approximately $427,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its position in Dorman Products by 5,460.0% during the third quarter. Farther Finance Advisors LLC now owns 278 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 273 shares during the period. Covestor Ltd boosted its stake in shares of Dorman Products by 781.4% during the 3rd quarter. Covestor Ltd now owns 379 shares of the auto parts company’s stock worth $43,000 after acquiring an additional 336 shares in the last quarter. Quest Partners LLC purchased a new stake in shares of Dorman Products during the 2nd quarter worth about $37,000. GAMMA Investing LLC boosted its stake in shares of Dorman Products by 63.2% during the 3rd quarter. GAMMA Investing LLC now owns 483 shares of the auto parts company’s stock worth $55,000 after acquiring an additional 187 shares in the last quarter. Finally, USA Financial Formulas purchased a new stake in shares of Dorman Products during the 3rd quarter worth about $58,000. 84.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on DORM. Roth Mkm reissued a “buy” rating and set a $153.00 target price (up from $126.00) on shares of Dorman Products in a research note on Monday, November 4th. CJS Securities began coverage on shares of Dorman Products in a research note on Friday, September 13th. They set 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, the stock has a consensus rating of “Buy” and a consensus price target of $125.67.

Dorman Products Trading Down 0.9 %

Shares of Dorman Products stock opened at $134.73 on Monday. The firm has a market capitalization of $4.11 billion, a PE ratio of 22.53 and a beta of 0.83. Dorman Products, Inc. has a twelve month low of $69.63 and a twelve month high of $146.60. The firm’s 50-day moving average price is $118.55 and its 200 day moving average price is $104.84. 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 results on Thursday, October 31st. The auto parts company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.43. The firm had revenue of $503.77 million for the quarter, compared to analyst estimates of $509.54 million. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. Dorman Products’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period last year, the company posted $1.40 EPS. On average, sell-side analysts predict that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

Insider Activity at Dorman Products

In other Dorman Products news, SVP Jeffery Darby sold 1,400 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $113.98, for a total value of $159,572.00. Following the completion of the sale, the senior vice president now owns 22,271 shares in the company, valued at approximately $2,538,448.58. This represents a 5.91 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Scott Leff sold 5,536 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $132.66, for a total transaction of $734,405.76. Following the completion of the sale, the senior vice president now owns 13,336 shares of the company’s stock, valued at approximately $1,769,153.76. The trade was a 29.33 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 59,833 shares of company stock valued at $7,050,877. 10.00% of the stock is owned by corporate insiders.

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.