Dorman Products, Inc. (NASDAQ:DORM) Short Interest Update

Dorman Products, Inc. (NASDAQ:DORM) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 359,400 shares, an increase of 5.7% from the September 30th total of 340,100 shares. Approximately 1.4% of the shares of the company are short sold. Based on an average trading volume of 146,200 shares, the short-interest ratio is presently 2.5 days.

Insider Buying and Selling at Dorman Products

In related news, SVP Jeffery Darby sold 1,400 shares of Dorman Products stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $104.98, for a total value of $146,972.00. Following the sale, the senior vice president now directly owns 23,671 shares in the company, valued at $2,484,981.58. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Steven L. Berman sold 215 shares of the firm’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $117.01, for a total transaction of $25,157.15. Following the completion of the transaction, the director now owns 881,298 shares in the company, valued at approximately $103,120,678.98. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Jeffery Darby sold 1,400 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $104.98, for a total value of $146,972.00. Following the completion of the transaction, the senior vice president now directly owns 23,671 shares in the company, valued at $2,484,981.58. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 53,297 shares of company stock worth $6,163,491 over the last ninety days. Company insiders own 10.00% of the company’s stock.

Institutional Investors Weigh In On Dorman Products

A number of large investors have recently bought and sold shares of the business. Farther Finance Advisors LLC lifted its position in shares of Dorman Products by 5,460.0% in the third quarter. Farther Finance Advisors LLC now owns 278 shares of the auto parts company’s stock worth $31,000 after buying an additional 273 shares during the last quarter. Quest Partners LLC acquired a new stake in Dorman Products in the 2nd quarter worth approximately $37,000. GAMMA Investing LLC boosted its position in Dorman Products by 63.2% during the third quarter. GAMMA Investing LLC now owns 483 shares of the auto parts company’s stock worth $55,000 after purchasing an additional 187 shares during the period. USA Financial Formulas acquired a new position in Dorman Products in the 3rd quarter valued at $58,000. Finally, Rothschild Investment LLC bought a new position in Dorman Products in the 2nd quarter worth $66,000. 84.70% of the stock is currently owned by institutional investors.

Dorman Products Trading Up 12.1 %

Shares of NASDAQ DORM opened at $127.79 on Friday. The firm has a market capitalization of $3.91 billion, a PE ratio of 23.40 and a beta of 0.82. Dorman Products has a one year low of $64.89 and a one year high of $129.00. The company has a current ratio of 2.40, a quick ratio of 1.19 and a debt-to-equity ratio of 0.38. The business has a 50-day moving average price of $113.26 and a two-hundred day moving average price of $101.06.

Dorman Products (NASDAQ:DORM) last issued its earnings results on Thursday, October 31st. The auto parts company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.54 by $0.42. Dorman Products had a return on equity of 15.97% and a net margin of 8.75%. The firm had revenue of $503.77 million for the quarter, compared to the consensus estimate of $509.54 million. During the same quarter in the previous year, the company posted $1.40 earnings per share. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. As a group, analysts predict that Dorman Products will post 6.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, CJS Securities assumed coverage on shares of Dorman Products in a research report on Friday, September 13th. They issued an “outperform” rating and a $134.00 target price on the stock. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $113.33.

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.