The stock of Dorman Products Inc. (NASDAQ:DORM) reached all time high today, Nov, 14 and still has $81.28 target or 22.00% above today’s $66.62 share price. This indicates more upside for the $2.35 billion company. This technical setup was reported by Barchart.com. If the $81.28 PT is reached, the company will be worth $517.00 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 108,803 shares traded hands. Dorman Products Inc. (NASDAQ:DORM) has risen 27.83% since April 12, 2016 and is uptrending. It has outperformed by 22.85% the S&P500.
Dorman Products Inc. (NASDAQ:DORM) Ratings Coverage
Out of 6 analysts covering Dorman Products (NASDAQ:DORM), 3 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 50% are positive. Dorman Products has been the topic of 7 analyst reports since October 14, 2015 according to StockzIntelligence Inc. The stock has “Hold” rating given by BB&T Capital on Thursday, October 15. The stock has “Hold” rating given by Jefferies on Tuesday, October 20. The stock has “Buy” rating given by Sidoti on Wednesday, December 23. The rating was maintained by FBR Capital with “Outperform” on Thursday, October 29. Jefferies maintained the shares of DORM in a report on Wednesday, July 27 with “Hold” rating. The firm has “Neutral” rating given on Thursday, February 18 by B. Riley & Co. The stock has “Outperform” rating given by Barrington Research on Wednesday, October 14.
According to Zacks Investment Research, “R&B, Inc. is a leading supplier of OE Dealer Exclusive automotive replacement parts, automotive hardware, brake products, and household hardware to the Automotive Aftermarket and Mass Merchandise markets. Dorman automotive parts and hardware are marketed under the OE Solutions, HELP, AutoGrade, First Stop, Conduct-Tite, Pik-A-Nut and Scan-Tech brand names.”
Insitutional Activity: The institutional sentiment decreased to 1.18 in 2016 Q2. Its down 0.01, from 1.19 in 2016Q1. The ratio dropped, as 15 funds sold all Dorman Products Inc. shares owned while 61 reduced positions. 26 funds bought stakes while 64 increased positions. They now own 25.64 million shares or 2.29% less from 26.25 million shares in 2016Q1.
Third Avenue Management Ltd Liability holds 0.25% or 99,690 shares in its portfolio. Schwab Charles Invest Mgmt accumulated 120,975 shares or 0.01% of the stock. Minerva Advsrs Lc has 1.77% invested in the company for 45,640 shares. Rice Hall James & Assocs Limited Liability Com holds 0.94% or 286,384 shares in its portfolio. First Interstate Bankshares holds 0% of its portfolio in Dorman Products Inc. (NASDAQ:DORM) for 182 shares. The Massachusetts-based Ngam Advsrs Lp has invested 0.02% in Dorman Products Inc. (NASDAQ:DORM). Bessemer Group holds 0% of its portfolio in Dorman Products Inc. (NASDAQ:DORM) for 168 shares. Wells Fargo And Mn holds 100,782 shares or 0% of its portfolio. Glenmede Na reported 13,123 shares or 0% of all its holdings. Sei Investments Communications, a Pennsylvania-based fund reported 9,409 shares. Arrowpoint Asset Limited Liability Company holds 0.12% of its portfolio in Dorman Products Inc. (NASDAQ:DORM) for 99,317 shares. Metropolitan Life Ins New York accumulated 18,777 shares or 0.01% of the stock. Usa Fincl Portformulas Corporation holds 39,182 shares or 0.61% of its portfolio. Bnp Paribas Arbitrage Sa holds 0% or 10,124 shares in its portfolio. Wealthtrust owns 301 shares or 0.01% of their US portfolio.
Insider Transactions: Since May 18, 2016, the stock had 0 insider buys, and 5 selling transactions for $373,245 net activity. Another trade for 490 shares valued at $31,360 was made by DARBY JEFFERY on Friday, September 2. LEVIN EDGAR W had sold 2,750 shares worth $151,003 on Tuesday, May 31. LEDERER PAUL R sold $31,275 worth of Dorman Products Inc. (NASDAQ:DORM) on Friday, August 26. Another trade for 2,710 shares valued at $147,099 was sold by KEALEY MICHAEL. The insider BARTON MATHIAS J sold $12,508.
More recent Dorman Products Inc. (NASDAQ:DORM) news were published by: Fool.com which released: “Dorman Products Inc. Overcomes Obstacles to Drive Strong Earnings Growth” on July 26, 2016. Also Seekingalpha.com published the news titled: “Dorman Products: A Strong Moat At A Fair Price” on September 29, 2016. Fool.com‘s news article titled: “Dorman Products Revs Up Its Earnings Engines” with publication date: February 17, 2016 was also an interesting one.
DORM Company Profile
Dorman Products, Inc. (Dorman), incorporated on October 16, 1978, is a supplier of replacement parts and fasteners for passenger cars, light trucks and heavy duty trucks in the automotive aftermarket. The Firm distributes and markets approximately 150,000 various stock keeping units (SKU’s) of automotive replacement parts and fasteners. Approximately 84% of the Company’s products are sold under brands that it owns and the remaining products are sold for resale under customers’ private labels, other brands or in bulk. The Company’s products are sold in the United States through automotive aftermarket retailers, (such as Advance Auto Parts, AutoZone and O’Reilly Auto Parts), national, regional and local warehouse distributors, (such as Genuine Parts Co. – NAPA) and specialty markets, and salvage yards. It also distributes automotive replacement parts internationally.
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