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

Dorman Products, Inc. (NASDAQ:DORM) SVP Donna M. Long sold 742 shares of the stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $130.38, for a total value of $96,741.96. Following the transaction, the senior vice president now directly owns 19,894 shares of the company’s stock, 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 filing with the SEC, which can be accessed through this link.

Dorman Products Stock Performance

DORM opened at $124.91 on Friday. The firm has a market cap of $3.82 billion, a PE ratio of 20.89 and a beta of 0.84. The company has a quick ratio of 1.16, a current ratio of 2.34 and a debt-to-equity ratio of 0.37. The business has a fifty day simple moving average of $128.52 and a 200-day simple moving average of $124.86. Dorman Products, Inc. has a fifty-two week low of $86.61 and a fifty-two week high of $146.60.

Dorman Products (NASDAQ:DORM) last released its earnings results on Wednesday, February 26th. The auto parts company reported $2.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.99 by $0.21. The company had revenue of $533.77 million during the quarter, compared to analyst estimates of $523.95 million. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. As a group, equities analysts predict that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

Institutional Trading of Dorman Products

A number of hedge funds have recently modified their holdings of the business. Captrust Financial Advisors lifted its holdings in shares of Dorman Products by 4.3% in the fourth quarter. Captrust Financial Advisors now owns 1,903 shares of the auto parts company’s stock valued at $247,000 after purchasing an additional 79 shares in the last quarter. HighPoint Advisor Group LLC raised its holdings in shares of Dorman Products by 3.5% during the fourth quarter. HighPoint Advisor Group LLC now owns 2,438 shares of the auto parts company’s stock worth $308,000 after acquiring an additional 83 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in shares of Dorman Products by 1.8% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 4,763 shares of the auto parts company’s stock worth $617,000 after acquiring an additional 84 shares in the last quarter. Pitcairn Co. raised its holdings in shares of Dorman Products by 2.0% during the fourth quarter. Pitcairn Co. now owns 4,490 shares of the auto parts company’s stock worth $582,000 after acquiring an additional 86 shares in the last quarter. Finally, Summit Investment Advisors Inc. raised its holdings in shares of Dorman Products by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 2,705 shares of the auto parts company’s stock worth $350,000 after acquiring an additional 87 shares in the last quarter. Hedge funds and other institutional investors own 84.70% of the company’s stock.

Analyst Ratings Changes

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

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.