Dorman Products (NASDAQ:DORM) Stock Rating Lowered by StockNews.com

Dorman Products (NASDAQ:DORM) was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Friday.

Dorman Products Stock Up 1.8 %

Shares of DORM opened at $127.59 on Friday. The firm has a market capitalization of $3.90 billion, a price-to-earnings ratio of 21.34 and a beta of 0.84. 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 business’s fifty day moving average price is $128.03 and its two-hundred day moving average price is $125.64. Dorman Products has a 52 week low of $86.61 and a 52 week high of $146.60.

Dorman Products (NASDAQ:DORM) last posted its quarterly earnings results on Wednesday, February 26th. The auto parts company reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.99 by $0.21. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. The business had revenue of $533.77 million for the quarter, compared to analyst estimates of $523.95 million. On average, analysts predict that Dorman Products will post 6.9 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Steven L. Berman sold 285 shares of Dorman Products stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $123.50, for a total value of $35,197.50. Following the sale, the director now owns 833,527 shares of the company’s stock, valued at approximately $102,940,584.50. The trade was a 0.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Donna M. Long sold 742 shares of Dorman Products stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $130.38, for a total value of $96,741.96. Following the completion of the sale, the senior vice president now directly owns 19,894 shares in the company, valued at approximately $2,593,779.72. This represents a 3.60 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 42,090 shares of company stock valued at $5,575,927. 10.00% of the stock is owned by company insiders.

Institutional Trading of Dorman Products

A number of hedge funds and other institutional investors have recently modified their holdings of DORM. Westside Investment Management Inc. acquired a new stake in shares of Dorman Products in the third quarter valued at about $29,000. Jones Financial Companies Lllp grew its holdings in Dorman Products by 518.4% during the fourth quarter. Jones Financial Companies Lllp now owns 235 shares of the auto parts company’s stock worth $30,000 after purchasing an additional 197 shares during the period. Farther Finance Advisors LLC grew its holdings in Dorman Products by 5,460.0% during the third quarter. Farther Finance Advisors LLC now owns 278 shares of the auto parts company’s stock worth $31,000 after purchasing an additional 273 shares during the period. Advisors Asset Management Inc. bought a new position in Dorman Products during the third quarter worth about $31,000. Finally, Quent Capital LLC bought a new position in Dorman Products during the fourth quarter worth about $31,000. Institutional investors and hedge funds own 84.70% 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.