Insider Selling: Dorman Products, Inc. (NASDAQ:DORM) Director Sells 2,900 Shares of Stock

Dorman Products, Inc. (NASDAQ:DORM) Director John J. Gavin sold 2,900 shares of the business’s stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $131.19, for a total transaction of $380,451.00. Following the completion of the transaction, the director now owns 8,132 shares of the company’s stock, valued at $1,066,837.08. This represents a 26.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Dorman Products Price Performance

NASDAQ DORM opened at $130.50 on Wednesday. The firm’s fifty day simple moving average is $119.85 and its two-hundred day simple moving average is $127.63. The firm has a market capitalization of $3.98 billion, a P/E ratio of 21.82 and a beta of 0.86. The company has a current ratio of 2.34, a quick ratio of 1.16 and a debt-to-equity ratio of 0.37. Dorman Products, Inc. has a 12-month low of $87.05 and a 12-month high of $146.60.

Dorman Products (NASDAQ:DORM) last posted its quarterly earnings data on Monday, May 5th. The auto parts company reported $2.02 earnings per share for the quarter, topping analysts’ consensus estimates of $1.48 by $0.54. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. The firm had revenue of $507.69 million during the quarter, compared to analysts’ expectations of $483.09 million. During the same quarter last year, the firm earned $1.31 EPS. The business’s quarterly revenue was up 8.3% on a year-over-year basis. Analysts forecast that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in Dorman Products by 3.1% during the 4th quarter. Vanguard Group Inc. now owns 3,028,728 shares of the auto parts company’s stock worth $392,372,000 after buying an additional 91,361 shares during the last quarter. Invesco Ltd. grew its stake in Dorman Products by 22.1% during the 1st quarter. Invesco Ltd. now owns 760,774 shares of the auto parts company’s stock worth $91,704,000 after buying an additional 137,913 shares during the last quarter. GW&K Investment Management LLC grew its stake in Dorman Products by 0.7% during the 1st quarter. GW&K Investment Management LLC now owns 601,363 shares of the auto parts company’s stock worth $72,489,000 after buying an additional 4,363 shares during the last quarter. Jennison Associates LLC grew its stake in Dorman Products by 32.1% during the 1st quarter. Jennison Associates LLC now owns 598,642 shares of the auto parts company’s stock worth $72,160,000 after buying an additional 145,391 shares during the last quarter. Finally, Wellington Management Group LLP grew its stake in Dorman Products by 192.9% during the 1st quarter. Wellington Management Group LLP now owns 511,791 shares of the auto parts company’s stock worth $61,691,000 after buying an additional 337,074 shares during the last quarter. 84.70% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Dorman Products from a “buy” rating to a “strong-buy” rating in a report on Friday, May 16th.

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.