Stifel Financial Corp Lowers Holdings in Dorman Products, Inc. (NASDAQ:DORM)

Stifel Financial Corp reduced its position in shares of Dorman Products, Inc. (NASDAQ:DORM) by 6.6% in the third quarter, according to its most recent 13F 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.

Several other institutional investors have also recently made changes to their positions in DORM. Equitable Trust Co. boosted its stake in Dorman Products by 2.2% during the third quarter. Equitable Trust Co. now owns 4,494 shares of the auto parts company’s stock valued at $508,000 after buying an additional 97 shares during the period. Inspire Advisors LLC boosted its position in shares of Dorman Products by 1.3% during the 2nd quarter. Inspire Advisors LLC now owns 8,679 shares of the auto parts company’s stock valued at $794,000 after acquiring an additional 112 shares during the last quarter. Creative Planning grew its holdings in shares of Dorman Products by 3.3% during the second quarter. Creative Planning now owns 4,499 shares of the auto parts company’s stock worth $412,000 after purchasing an additional 144 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in shares of Dorman Products by 28.3% during the third quarter. First Horizon Advisors Inc. now owns 662 shares of the auto parts company’s stock worth $75,000 after purchasing an additional 146 shares in the last quarter. Finally, Procyon Advisors LLC increased its position in shares of Dorman Products by 7.1% in the third quarter. Procyon Advisors LLC now owns 2,730 shares of the auto parts company’s stock worth $309,000 after purchasing an additional 180 shares during the last quarter. Institutional investors own 84.70% of the company’s stock.

Analyst Ratings Changes

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

Insiders Place Their Bets

In related news, Director Steven L. Berman sold 2,669 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The stock was 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 in the company, valued at $98,628,880.92. This trade represents a 0.30 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John Mcknight sold 8,185 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $139.34, for a total value of $1,140,497.90. Following the completion of the sale, the insider now owns 8,902 shares of the company’s stock, valued at $1,240,404.68. The trade was a 47.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 35,470 shares of company stock valued at $4,733,524 over the last three months. Insiders own 10.00% of the company’s stock.

Dorman Products Stock Performance

Shares of NASDAQ DORM opened at $131.36 on Friday. The stock’s 50-day moving average is $131.02 and its 200 day moving average is $112.63. The stock 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 1-year low of $79.20 and a 1-year high of $146.60. 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 (NASDAQ:DORM) last posted its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.96 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $509.54 million. During the same period last year, the firm posted $1.40 earnings per share. The business’s revenue was up 3.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Dorman Products, Inc. will post 6.9 EPS for the current fiscal 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.