2,222 Shares in Dorman Products, Inc. (NASDAQ:DORM) Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC purchased a new stake in Dorman Products, Inc. (NASDAQ:DORM) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,222 shares of the auto parts company’s stock, valued at approximately $251,000.

A number of other large investors also recently made changes to their positions in the stock. Inspire Advisors LLC grew its holdings in Dorman Products by 1.3% during the second quarter. Inspire Advisors LLC now owns 8,679 shares of the auto parts company’s stock worth $794,000 after purchasing an additional 112 shares during the period. Orion Portfolio Solutions LLC raised its holdings in shares of Dorman Products by 0.8% during the first quarter. Orion Portfolio Solutions LLC now owns 13,659 shares of the auto parts company’s stock valued at $1,317,000 after purchasing an additional 114 shares during the period. Creative Planning raised its holdings in shares of Dorman Products by 3.3% in the 2nd quarter. Creative Planning now owns 4,499 shares of the auto parts company’s stock worth $412,000 after acquiring an additional 144 shares during the last quarter. Procyon Advisors LLC increased its stake in Dorman Products by 7.1% in the 3rd quarter. Procyon Advisors LLC now owns 2,730 shares of the auto parts company’s stock valued at $309,000 after buying an additional 180 shares during the last quarter. Finally, Trust Point Inc. grew its position in shares of Dorman Products by 2.4% during the 3rd quarter. Trust Point Inc. now owns 7,918 shares of the auto parts company’s stock valued at $896,000 after acquiring an additional 183 shares during the period. Institutional investors and hedge funds own 84.70% of the company’s stock.

Dorman Products Stock Performance

DORM opened at $135.54 on Tuesday. The stock has a market capitalization of $4.14 billion, a price-to-earnings ratio of 22.67 and a beta of 0.83. The company has a fifty day moving average of $116.39 and a 200 day moving average of $103.49. Dorman Products, Inc. has a fifty-two week low of $66.07 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 released its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.43. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. The firm had revenue of $503.77 million during the quarter, compared to analysts’ expectations of $509.54 million. During the same period in the previous year, the company earned $1.40 EPS. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Dorman Products, Inc. will post 6.9 earnings per share for the current fiscal year.

Insider Activity at Dorman Products

In other news, Director Steven L. Berman sold 215 shares of the business’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $117.01, for a total value of $25,157.15. Following the completion of the sale, the director now owns 881,298 shares in the company, valued at approximately $103,120,678.98. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Dorman Products news, SVP Jeffery Darby sold 2,400 shares of the company’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $118.98, for a total transaction of $285,552.00. Following the completion of the transaction, the senior vice president now directly owns 19,871 shares in the company, valued at approximately $2,364,251.58. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Steven L. Berman sold 215 shares of the company’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $117.01, for a total transaction of $25,157.15. Following the transaction, the director now owns 881,298 shares of the company’s stock, valued at $103,120,678.98. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 59,833 shares of company stock worth $7,050,877 in the last 90 days. 10.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

DORM has been the subject of a number of recent analyst reports. CJS Securities initiated coverage on shares of Dorman Products in a research report on Friday, September 13th. They set an “outperform” rating and a $134.00 price target for the company. Roth Mkm reiterated a “buy” rating and set a $153.00 price target (up previously from $126.00) on shares of Dorman Products in a report on Monday, November 4th. Four investment 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 target price of $125.67.

About Dorman Products

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.