Raymond James & Associates Has $2.52 Million Stock Position in Dorman Products, Inc. (NASDAQ:DORM)

Raymond James & Associates decreased its position in Dorman Products, Inc. (NASDAQ:DORM) by 1.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 27,518 shares of the auto parts company’s stock after selling 364 shares during the period. Raymond James & Associates owned approximately 0.09% of Dorman Products worth $2,517,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Parallel Advisors LLC grew its holdings in shares of Dorman Products by 277.4% in the 4th quarter. Parallel Advisors LLC now owns 317 shares of the auto parts company’s stock valued at $26,000 after buying an additional 233 shares during the period. YHB Investment Advisors Inc. acquired a new position in shares of Dorman Products in the 1st quarter valued at $34,000. Quest Partners LLC acquired a new position in shares of Dorman Products in the 4th quarter valued at $37,000. Mather Group LLC. acquired a new position in shares of Dorman Products in the 1st quarter valued at $48,000. Finally, SG Americas Securities LLC bought a new stake in Dorman Products in the 1st quarter valued at $120,000. Institutional investors and hedge funds own 84.70% of the company’s stock.

Insider Activity at Dorman Products

In related news, SVP Jeffery Darby sold 1,400 shares of the company’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $98.98, for a total value of $138,572.00. Following the transaction, the senior vice president now owns 25,071 shares in the company, valued at approximately $2,481,527.58. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In the last 90 days, insiders have sold 4,200 shares of company stock worth $445,116. Insiders own 10.00% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Dorman Products Trading Up 1.6 %

Shares of NASDAQ:DORM opened at $113.42 on Monday. The company’s 50-day moving average price is $100.43 and its two-hundred day moving average price is $94.33. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.40 and a quick ratio of 1.19. Dorman Products, Inc. has a one year low of $60.01 and a one year high of $114.51. The stock 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 issued its quarterly 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 analysts’ expectations of $497.46 million. Dorman Products had a net margin of 8.75% and a return on equity of 15.97%. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.01 EPS. On average, equities analysts forecast that Dorman Products, Inc. will post 6.15 EPS for the current fiscal year.

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.