Stifel Financial Corp Sells 819 Shares of Dorman Products, Inc. (NASDAQ:DORM)

Stifel Financial Corp trimmed its position in Dorman Products, Inc. (NASDAQ:DORM) by 6.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,612 shares of the auto parts company’s stock after selling 819 shares during the period. Stifel Financial Corp’s holdings in Dorman Products were worth $1,314,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in DORM. Readystate Asset Management LP acquired a new stake in Dorman Products in the 3rd quarter valued at $727,000. Point72 DIFC Ltd bought a new position in shares of Dorman Products in the third quarter valued at approximately $75,000. Integrated Wealth Concepts LLC boosted its position in shares of Dorman Products by 8.9% during the third quarter. Integrated Wealth Concepts LLC now owns 4,257 shares of the auto parts company’s stock valued at $482,000 after buying an additional 349 shares during the last quarter. HighTower Advisors LLC grew its holdings in Dorman Products by 431.9% during the third quarter. HighTower Advisors LLC now owns 13,850 shares of the auto parts company’s stock worth $1,563,000 after buying an additional 11,246 shares in the last quarter. Finally, Centiva Capital LP raised its position in Dorman Products by 59.5% in the 3rd quarter. Centiva Capital LP now owns 4,304 shares of the auto parts company’s stock valued at $487,000 after buying an additional 1,605 shares during the last quarter. 84.70% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider John Mcknight sold 8,185 shares of Dorman Products stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $139.34, for a total value of $1,140,497.90. Following the completion of the transaction, the insider now directly owns 8,902 shares in the company, valued at approximately $1,240,404.68. The trade was a 47.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Steven L. Berman sold 1,331 shares of the business’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $116.05, for a total value of $154,462.55. Following the sale, the director now owns 879,967 shares in the company, valued at approximately $102,120,170.35. The trade was a 0.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 35,470 shares of company stock valued at $4,733,524 in the last 90 days. Insiders own 10.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on DORM shares. Roth Mkm reaffirmed a “buy” rating and set a $153.00 price objective (up from $126.00) on shares of Dorman Products in a report on Monday, November 4th. CJS Securities initiated coverage on shares of Dorman Products in a report on Friday, September 13th. They set an “outperform” rating and a $134.00 price target on the stock. Four investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $125.67.

Dorman Products Stock Performance

Shares of DORM stock opened at $131.36 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 2.34. The firm has a market cap of $4.01 billion, a price-to-earnings ratio of 21.97 and a beta of 0.87. Dorman Products, Inc. has a 52 week low of $79.20 and a 52 week high of $146.60. The firm’s 50-day simple moving average is $131.02 and its two-hundred day simple moving average is $112.63.

Dorman Products (NASDAQ:DORM) last posted 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 company had revenue of $503.77 million for the quarter, compared to analysts’ expectations of $509.54 million. During the same quarter in the previous year, the firm posted $1.40 EPS. Dorman Products’s revenue was up 3.2% on a year-over-year basis. As a group, equities analysts forecast 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.