Insider Selling: Dorman Products, Inc. (NASDAQ:DORM) SVP Sells $159,572.00 in Stock

Dorman Products, Inc. (NASDAQ:DORM) SVP Jeffery Darby sold 1,400 shares of the company’s stock in a transaction on Monday, August 26th. The stock was 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 of the company’s stock, valued at $2,538,448.58. The transaction was disclosed in a filing with the SEC, which is available through this link.

Jeffery Darby also recently made the following trade(s):

• On Tuesday, August 6th, Jeffery Darby sold 1,400 shares of Dorman Products stock. The shares were sold at an average price of $104.98, for a total value of $146,972.00.
• On Tuesday, July 16th, Jeffery Darby sold 1,400 shares of Dorman Products stock. The stock was sold at an average price of $98.98, for a total transaction of $138,572.00.

Dorman Products Stock Up 1.6 %

Shares of DORM opened at $113.42 on Friday. The business’s 50 day moving average is $100.43 and its 200 day moving average is $94.17. The company has a current ratio of 2.40, a quick ratio of 1.19 and a debt-to-equity ratio of 0.38. Dorman Products, Inc. has a 12-month low of $60.01 and a 12-month high of $114.51. The company has a market capitalization of $3.52 billion, a PE ratio of 22.82 and a beta of 0.82.

Dorman Products (NASDAQ:DORM) last released its earnings results on Thursday, August 1st. The auto parts company reported $1.67 EPS for the quarter, topping the consensus estimate of $1.19 by $0.48. The firm had revenue of $502.95 million for the quarter, compared to the consensus estimate of $497.46 million. Dorman Products had a net margin of 8.75% and a return on equity of 15.97%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.01 earnings per share. Research analysts expect that Dorman Products, Inc. will post 6.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Roth Mkm reissued a “buy” rating and issued a $116.00 price objective on shares of Dorman Products in a research note on Friday, June 14th.

Institutional Trading of Dorman Products

A number of large investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC increased its position in Dorman Products by 277.4% in the fourth quarter. Parallel Advisors LLC now owns 317 shares of the auto parts company’s stock worth $26,000 after purchasing an additional 233 shares during the last quarter. YHB Investment Advisors Inc. bought a new position in shares of Dorman Products in the 1st quarter valued at about $34,000. Quest Partners LLC purchased a new position in Dorman Products in the second quarter worth about $37,000. Mather Group LLC. bought a new stake in Dorman Products during the first quarter worth approximately $48,000. Finally, Rothschild Investment LLC purchased a new stake in Dorman Products during the second quarter valued at approximately $66,000. 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.