Amalgamated Bank Has $775,000 Position in Dorman Products, Inc. (NASDAQ:DORM)

Amalgamated Bank trimmed its stake in shares of Dorman Products, Inc. (NASDAQ:DORM) by 5.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,473 shares of the auto parts company’s stock after selling 448 shares during the quarter. Amalgamated Bank’s holdings in Dorman Products were worth $775,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in DORM. Parallel Advisors LLC grew its stake in shares of Dorman Products by 277.4% during the fourth quarter. Parallel Advisors LLC now owns 317 shares of the auto parts company’s stock worth $26,000 after buying an additional 233 shares during the last quarter. YHB Investment Advisors Inc. bought a new stake in Dorman Products during the 1st quarter worth $34,000. Quest Partners LLC acquired a new position in Dorman Products in the 2nd quarter worth about $37,000. Mather Group LLC. acquired a new position in Dorman Products in the 1st quarter worth about $48,000. Finally, Rothschild Investment LLC bought a new position in Dorman Products in the second quarter valued at about $66,000. 84.70% of the stock is currently owned by institutional investors and hedge funds.

Dorman Products Price Performance

Shares of DORM opened at $113.58 on Friday. The business has a 50-day moving average of $108.34 and a 200-day moving average of $97.73. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.40 and a quick ratio of 1.19. The company has a market capitalization of $3.52 billion, a price-to-earnings ratio of 22.85 and a beta of 0.83. Dorman Products, Inc. has a 1 year low of $60.01 and a 1 year high of $119.28.

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

Analyst Ratings Changes

Several analysts have recently weighed in on DORM shares. CJS Securities initiated coverage on Dorman Products in a report on Friday, September 13th. They set an “outperform” rating and a $134.00 price target on the stock. Roth Mkm reissued a “buy” rating and set a $116.00 target price on shares of Dorman Products in a report on Friday, June 14th. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $113.33.

Insider Activity at Dorman Products

In other Dorman Products news, SVP Jeffery Darby sold 2,400 shares of the stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $118.98, for a total transaction of $285,552.00. Following the completion of the sale, the senior vice president now directly owns 19,871 shares in the company, valued at approximately $2,364,251.58. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Dorman Products news, SVP Jeffery Darby sold 2,400 shares of the stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $118.98, for a total transaction of $285,552.00. Following the transaction, the senior vice president now directly owns 19,871 shares in the company, valued at approximately $2,364,251.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Steven L. Berman sold 27,632 shares of Dorman Products stock in a transaction on Monday, September 16th. The shares were sold at an average price of $115.72, for a total transaction of $3,197,575.04. Following the completion of the sale, the director now owns 936,024 shares of the company’s stock, valued at approximately $108,316,697.28. The disclosure for this sale can be found here. Insiders have sold a total of 51,849 shares of company stock worth $5,980,938 over the last quarter. Company insiders own 10.00% 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.