Dorman Products, Inc. (NASDAQ:DORM) Shares Bought by Sheets Smith Wealth Management

Sheets Smith Wealth Management lifted its holdings in shares of Dorman Products, Inc. (NASDAQ:DORM) by 26.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,953 shares of the auto parts company’s stock after buying an additional 3,150 shares during the quarter. Sheets Smith Wealth Management’s holdings in Dorman Products were worth $1,937,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Intech Investment Management LLC acquired a new position in Dorman Products during the third quarter worth $2,014,000. HighTower Advisors LLC boosted its position in shares of Dorman Products by 431.9% during the 3rd quarter. HighTower Advisors LLC now owns 13,850 shares of the auto parts company’s stock valued at $1,563,000 after acquiring an additional 11,246 shares during the last quarter. Oppenheimer Asset Management Inc. raised its stake in Dorman Products by 41.2% during the third quarter. Oppenheimer Asset Management Inc. now owns 13,688 shares of the auto parts company’s stock worth $1,548,000 after purchasing an additional 3,993 shares during the period. Barclays PLC boosted its holdings in Dorman Products by 380.7% in the 3rd quarter. Barclays PLC now owns 46,842 shares of the auto parts company’s stock valued at $5,298,000 after purchasing an additional 37,098 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Dorman Products by 173.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 133,341 shares of the auto parts company’s stock valued at $15,084,000 after buying an additional 84,613 shares during the period. Institutional investors and hedge funds own 84.70% of the company’s stock.

Dorman Products Price Performance

Dorman Products stock opened at $130.06 on Wednesday. Dorman Products, Inc. has a 52-week low of $79.43 and a 52-week high of $146.60. The firm has a market capitalization of $3.97 billion, a P/E ratio of 21.75 and a beta of 0.89. The company has a quick ratio of 1.16, a current ratio of 2.34 and a debt-to-equity ratio of 0.37. The firm has a fifty day moving average of $133.64 and a 200-day moving average of $118.76.

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

Insider Activity

In other news, Director Steven L. Berman sold 285 shares of the company’s stock in a transaction that occurred on 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 directly owns 833,527 shares in the company, valued at approximately $102,940,584.50. This represents a 0.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Scott Leff sold 5,536 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $132.66, for a total transaction of $734,405.76. Following the completion of the transaction, the senior vice president now owns 13,336 shares in the company, valued at approximately $1,769,153.76. This trade represents a 29.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 37,312 shares of company stock worth $5,037,766. Corporate insiders own 10.00% of the company’s stock.

Analyst Ratings Changes

Separately, Roth Mkm restated a “buy” rating and set a $153.00 price target (up previously from $126.00) on shares of Dorman Products in a report on Monday, November 4th. Four investment analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $125.67.

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.