Raymond James & Associates Acquires 7,349 Shares of Dorman Products, Inc. (NASDAQ:DORM)

Raymond James & Associates lifted its holdings in shares of Dorman Products, Inc. (NASDAQ:DORM) by 26.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 34,867 shares of the auto parts company’s stock after purchasing an additional 7,349 shares during the period. Raymond James & Associates owned about 0.11% of Dorman Products worth $3,944,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quest Partners LLC bought a new position in shares of Dorman Products during the 2nd quarter valued at $37,000. GAMMA Investing LLC grew its holdings in shares of Dorman Products by 63.2% during the 3rd quarter. GAMMA Investing LLC now owns 483 shares of the auto parts company’s stock valued at $55,000 after purchasing an additional 187 shares during the last quarter. USA Financial Formulas bought a new position in shares of Dorman Products during the 3rd quarter valued at $58,000. Rothschild Investment LLC purchased a new stake in Dorman Products during the 2nd quarter valued at $66,000. Finally, SG Americas Securities LLC purchased a new stake in Dorman Products during the 1st quarter valued at $120,000. Institutional investors own 84.70% of the company’s stock.

Insider Transactions at Dorman Products

In other news, Director Steven L. Berman sold 2,669 shares of the firm’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $112.57, for a total value of $300,449.33. Following the completion of the sale, the director now directly owns 876,156 shares of the company’s stock, valued at approximately $98,628,880.92. 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 the SEC website. 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 transaction of $146,972.00. Following the completion of the transaction, the senior vice president now directly owns 23,671 shares of the company’s stock, valued at $2,484,981.58. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Steven L. Berman sold 2,669 shares of Dorman Products stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $112.57, for a total transaction of $300,449.33. Following the transaction, the director now directly owns 876,156 shares of the company’s stock, valued at approximately $98,628,880.92. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 53,297 shares of company stock valued at $6,163,491. Company insiders own 10.00% of the company’s stock.

Wall Street Analyst Weigh In

Separately, CJS Securities started 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. Four research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $113.33.

Dorman Products Trading Up 12.1 %

Shares of DORM opened at $127.79 on Monday. The stock has a market capitalization of $3.91 billion, a P/E ratio of 21.37 and a beta of 0.83. The company has a quick ratio of 1.19, a current ratio of 2.40 and a debt-to-equity ratio of 0.38. The firm has a fifty day simple moving average of $113.58 and a two-hundred day simple moving average of $101.41. Dorman Products, Inc. has a twelve month low of $64.89 and a twelve month high of $129.00.

Dorman Products (NASDAQ:DORM) last posted its earnings results on Thursday, October 31st. The auto parts company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.54 by $0.42. Dorman Products had a net margin of 9.43% and a return on equity of 17.15%. The firm had revenue of $503.77 million during the quarter, compared to analysts’ expectations of $509.54 million. During the same period last year, the company posted $1.40 EPS. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. On average, research analysts anticipate that Dorman Products, Inc. will post 6.15 EPS for the current year.

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.