Dorman Products, Inc. (NASDAQ:DORM) Short Interest Up 43.0% in December

Dorman Products, Inc. (NASDAQ:DORM) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 631,300 shares, a growth of 43.0% from the November 30th total of 441,500 shares. Currently, 2.4% of the company’s shares are short sold. Based on an average daily trading volume, of 167,400 shares, the days-to-cover ratio is currently 3.8 days.

Dorman Products Stock Performance

Shares of DORM stock traded down $0.79 on Monday, reaching $131.40. The stock had a trading volume of 82,609 shares, compared to its average volume of 138,473. The stock has a market cap of $4.01 billion, a P/E ratio of 21.97 and a beta of 0.87. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 2.34. Dorman Products has a 1 year low of $79.20 and a 1 year high of $146.60. The company has a 50 day simple moving average of $132.53 and a 200 day simple moving average of $114.41.

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

Analyst Ratings Changes

Several equities analysts have recently issued reports on DORM shares. CJS Securities began coverage on shares of Dorman Products in a report on Friday, September 13th. They set an “outperform” rating and a $134.00 target price for the company. Roth Mkm reaffirmed a “buy” rating and set a $153.00 price objective (up previously from $126.00) on shares of Dorman Products in a research report on Monday, November 4th. Four analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $125.67.

Insider Activity at Dorman Products

In related news, Director Steven L. Berman sold 2,669 shares of the company’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of $112.57, for a total value of $300,449.33. Following the sale, the director now directly owns 876,156 shares of the company’s stock, valued at $98,628,880.92. This represents a 0.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Donna M. Long sold 3,277 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $134.79, for a total value of $441,706.83. Following the transaction, the senior vice president now directly owns 20,126 shares of the company’s stock, valued at $2,712,783.54. This represents a 14.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 36,593 shares of company stock worth $4,907,310 over the last 90 days. 10.00% of the stock is owned by company insiders.

Institutional Trading of Dorman Products

A number of hedge funds and other institutional investors have recently bought and sold shares of DORM. JPMorgan Chase & Co. lifted 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 valued at $15,084,000 after purchasing an additional 84,613 shares in the last quarter. Tidal Investments LLC increased its stake in Dorman Products by 5.0% in the 3rd quarter. Tidal Investments LLC now owns 4,918 shares of the auto parts company’s stock worth $556,000 after buying an additional 234 shares in the last quarter. Westside Investment Management Inc. bought a new stake in Dorman Products during the third quarter valued at about $29,000. Coldstream Capital Management Inc. purchased a new position in shares of Dorman Products in the third quarter valued at about $263,000. Finally, M&T Bank Corp boosted its stake in shares of Dorman Products by 22.1% in the third quarter. M&T Bank Corp now owns 31,300 shares of the auto parts company’s stock worth $3,541,000 after acquiring an additional 5,662 shares during the period. Hedge funds and other institutional investors own 84.70% of the company’s stock.

Dorman Products Company 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.