Dorman Products, Inc. (NASDAQ:DORM) Shares Bought by HighTower Advisors LLC

HighTower Advisors LLC lifted its stake in shares of Dorman Products, Inc. (NASDAQ:DORM) by 431.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,850 shares of the auto parts company’s stock after acquiring an additional 11,246 shares during the quarter. HighTower Advisors LLC’s holdings in Dorman Products were worth $1,563,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its stake in Dorman Products by 5,460.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 278 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 273 shares in the last quarter. Advisors Asset Management Inc. acquired a new stake in shares of Dorman Products in the third quarter valued at $31,000. Quest Partners LLC bought a new position in Dorman Products during the second quarter valued at about $37,000. Covestor Ltd grew its holdings in Dorman Products by 781.4% during the third quarter. Covestor Ltd now owns 379 shares of the auto parts company’s stock worth $43,000 after acquiring an additional 336 shares during the period. Finally, GAMMA Investing LLC grew its holdings in Dorman Products by 63.2% during the third quarter. GAMMA Investing LLC now owns 483 shares of the auto parts company’s stock worth $55,000 after acquiring an additional 187 shares during the period. Institutional investors own 84.70% of the company’s stock.

Dorman Products Trading Down 1.9 %

Shares of NASDAQ DORM opened at $137.23 on Monday. The company has a quick ratio of 1.16, a current ratio of 2.34 and a debt-to-equity ratio of 0.37. Dorman Products, Inc. has a 12 month low of $79.20 and a 12 month high of $146.60. The company has a market cap of $4.19 billion, a price-to-earnings ratio of 22.95 and a beta of 0.87. The business has a fifty day simple moving average of $128.82 and a 200-day simple moving average of $111.48.

Dorman Products (NASDAQ:DORM) last posted its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.43. The company had revenue of $503.77 million during the quarter, compared to analyst estimates of $509.54 million. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. The business’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.40 earnings per share. Sell-side analysts predict that Dorman Products, Inc. will post 6.9 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently weighed in on DORM. Roth Mkm restated a “buy” rating and set a $153.00 price objective (up previously from $126.00) on shares of Dorman Products in a research report on Monday, November 4th. CJS Securities started coverage on shares of Dorman Products in a research note on Friday, September 13th. They set an “outperform” rating and a $134.00 target price for the company. Four analysts have rated the stock with a buy rating, According to data from MarketBeat, Dorman Products has an average rating of “Buy” and a consensus target price of $125.67.

Insider Buying and Selling

In related news, SVP Eric Luftig sold 3,278 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $141.19, for a total value of $462,820.82. Following the completion of the sale, the senior vice president now directly owns 5,934 shares of the company’s stock, valued at approximately $837,821.46. This represents a 35.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jeffery Darby sold 2,400 shares of Dorman Products stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $118.98, for a total value of $285,552.00. Following the transaction, the senior vice president now directly owns 19,871 shares in the company, valued at approximately $2,364,251.58. This trade represents a 10.78 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 45,541 shares of company stock valued at $5,738,756. Company insiders own 10.00% of the company’s stock.

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.