Dorman Products, Inc. (NASDAQ:DORM) Director John J. Gavin Sells 2,900 Shares of Stock

Dorman Products, Inc. (NASDAQ:DORM) Director John J. Gavin sold 2,900 shares of the business’s stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $131.19, for a total transaction of $380,451.00. Following the completion of the sale, the director now directly owns 8,132 shares of the company’s stock, valued at approximately $1,066,837.08. This trade represents a 26.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Dorman Products Trading Up 0.1%

Shares of NASDAQ DORM opened at $130.50 on Wednesday. Dorman Products, Inc. has a twelve month low of $87.05 and a twelve month high of $146.60. The firm has a market cap of $3.98 billion, a PE ratio of 21.82 and a beta of 0.86. The business has a fifty day simple moving average of $119.85 and a two-hundred day simple moving average of $127.63. The company has a quick ratio of 1.16, a current ratio of 2.34 and a debt-to-equity ratio of 0.37.

Dorman Products (NASDAQ:DORM) last announced its quarterly earnings results on Monday, May 5th. The auto parts company reported $2.02 EPS for the quarter, beating the consensus estimate of $1.48 by $0.54. The firm had revenue of $507.69 million for the quarter, compared to analyst estimates of $483.09 million. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.31 earnings per share. Analysts expect that Dorman Products, Inc. will post 6.9 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Dorman Products from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 16th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp lifted its position in shares of Dorman Products by 518.4% in the 4th quarter. Jones Financial Companies Lllp now owns 235 shares of the auto parts company’s stock worth $30,000 after purchasing an additional 197 shares during the period. Quent Capital LLC purchased a new position in Dorman Products during the fourth quarter valued at approximately $31,000. CIBC Private Wealth Group LLC raised its stake in Dorman Products by 163.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 277 shares of the auto parts company’s stock worth $35,000 after buying an additional 172 shares in the last quarter. Newbridge Financial Services Group Inc. bought a new position in Dorman Products in the fourth quarter worth approximately $42,000. Finally, Blue Trust Inc. lifted its holdings in Dorman Products by 1,581.0% during the fourth quarter. Blue Trust Inc. now owns 353 shares of the auto parts company’s stock worth $46,000 after buying an additional 332 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.