Dorman Products, Inc. (NASDAQ:DORM) Short Interest Up 5.7% in October

Dorman Products, Inc. (NASDAQ:DORM) was the recipient of a significant growth in short interest in the month of October. As of October 15th, there was short interest totalling 359,400 shares, a growth of 5.7% from the September 30th total of 340,100 shares. Based on an average trading volume of 146,200 shares, the short-interest ratio is presently 2.5 days. Currently, 1.4% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Separately, CJS Securities initiated coverage on shares of Dorman Products in a research note on Friday, September 13th. They set an “outperform” rating and a $134.00 price target on the stock. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $113.33.

Dorman Products Trading Up 10.1 %

Dorman Products stock traded up $11.51 during mid-day trading on Friday, reaching $125.54. 47,426 shares of the company traded hands, compared to its average volume of 127,892. The firm’s 50 day moving average price is $113.17 and its 200 day moving average price is $100.97. Dorman Products has a 52-week low of $64.89 and a 52-week high of $129.00. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.40 and a quick ratio of 1.19. The firm has a market capitalization of $3.84 billion, a price-to-earnings ratio of 23.63 and a beta of 0.82.

Dorman Products (NASDAQ:DORM) last issued its quarterly earnings data 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 8.75% and a return on equity of 15.97%. The business had revenue of $503.77 million during the quarter, compared to analyst estimates of $509.54 million. During the same period last year, the business posted $1.40 earnings per share. Dorman Products’s quarterly revenue was up 3.2% compared to the same quarter last year. On average, analysts anticipate that Dorman Products will post 6.15 earnings per share for the current fiscal year.

Insider Buying and Selling at Dorman Products

In other news, Director Steven L. Berman sold 215 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $117.01, for a total value of $25,157.15. Following the transaction, the director now owns 881,298 shares in the company, valued at $103,120,678.98. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Dorman Products news, Director Steven L. Berman sold 215 shares of the firm’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $117.01, for a total value of $25,157.15. Following the completion of the sale, the director now directly owns 881,298 shares of the company’s stock, valued at $103,120,678.98. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Jeffery Darby sold 2,400 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $118.98, for a total transaction of $285,552.00. Following the sale, the senior vice president now owns 19,871 shares in the company, valued at $2,364,251.58. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 53,297 shares of company stock valued at $6,163,491. Company insiders own 10.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of DORM. Farther Finance Advisors LLC increased 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. Quest Partners LLC bought a new position in shares of Dorman Products during the 2nd quarter valued at $37,000. GAMMA Investing LLC boosted its stake in shares of Dorman Products by 63.2% in the 3rd quarter. GAMMA Investing LLC now owns 483 shares of the auto parts company’s stock worth $55,000 after buying an additional 187 shares during the last quarter. USA Financial Formulas bought a new stake in shares of Dorman Products in the third quarter worth $58,000. Finally, Rothschild Investment LLC purchased a new stake in Dorman Products during the second quarter valued at $66,000. 84.70% of the stock is currently owned by institutional investors.

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.