Raymond James Financial Inc. Purchases Shares of 37,131 Dorman Products, Inc. (NASDAQ:DORM)

Raymond James Financial Inc. acquired a new stake in Dorman Products, Inc. (NASDAQ:DORM) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 37,131 shares of the auto parts company’s stock, valued at approximately $4,810,000. Raymond James Financial Inc. owned about 0.12% of Dorman Products as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Jones Financial Companies Lllp grew its holdings in shares of Dorman Products by 518.4% during the fourth quarter. Jones Financial Companies Lllp now owns 235 shares of the auto parts company’s stock valued at $30,000 after buying an additional 197 shares during the last quarter. Quent Capital LLC acquired a new stake in Dorman Products during the 4th quarter worth about $31,000. Westside Investment Management Inc. purchased a new stake in Dorman Products during the 3rd quarter valued at about $29,000. Advisors Asset Management Inc. purchased a new stake in Dorman Products during the 3rd quarter valued at about $31,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in shares of Dorman Products in the fourth quarter valued at about $42,000. Hedge funds and other institutional investors own 84.70% of the company’s stock.

Insider Activity

In other news, Director Steven L. Berman sold 8,524 shares of the company’s stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of $131.79, for a total transaction of $1,123,377.96. Following the completion of the transaction, the director now directly owns 773,094 shares of the company’s stock, valued at $101,886,058.26. This represents a 1.09 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Donna M. Long sold 742 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $130.38, for a total value of $96,741.96. Following the transaction, the senior vice president now owns 19,894 shares in the company, valued at $2,593,779.72. This trade represents a 3.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 33,475 shares of company stock worth $4,397,374 in the last ninety days. Company insiders own 10.00% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Dorman Products from a “strong-buy” rating to a “buy” rating in a report on Friday, March 14th.

Dorman Products Price Performance

Shares of DORM opened at $126.00 on Wednesday. The business’s 50-day moving average is $128.21 and its two-hundred day moving average is $126.50. The company has a market capitalization of $3.85 billion, a P/E ratio of 21.07 and a beta of 0.84. Dorman Products, Inc. has a fifty-two week low of $86.61 and a fifty-two week high of $146.60. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 2.34.

Dorman Products (NASDAQ:DORM) last posted its earnings results on Wednesday, February 26th. The auto parts company reported $2.20 earnings per share for the quarter, beating the consensus estimate of $1.99 by $0.21. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. The firm had revenue of $533.77 million during the quarter, compared to analyst estimates of $523.95 million. Research analysts predict that Dorman Products, Inc. will post 6.9 earnings per share for the current year.

Dorman Products 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.