Short Interest Worth Watching: Is Buying Dorman Products Incorporated (NASDAQ:DORM) Here Good Idea?

December 1, 2016 - By Peter Erickson   ·   0 Comments

Short Interest Worth Watching: Is Buying Dorman Products Incorporated (NASDAQ:DORM) Here Good Idea?

The stock of Dorman Products Incorporated (NASDAQ:DORM) registered an increase of 4.52% in short interest. DORM’s total short interest was 2.96M shares in December as published by FINRA. Its up 4.52% from 2.83 million shares, reported previously. With 124,600 shares average volume, it will take short sellers 24 days to cover their DORM’s short positions. The short interest to Dorman Products Incorporated’s float is 9.69%. About 68,798 shares traded hands. Dorman Products Inc. (NASDAQ:DORM) has risen 35.46% since April 28, 2016 and is uptrending. It has outperformed by 29.53% the S&P500.

Dorman Products, Inc. is a supplier of replacement parts and fasteners for passenger cars, light trucks, and heavy duty trucks in the automotive aftermarket. The company has a market cap of $2.56 billion. The Firm distributes and markets approximately 150,000 various stock keeping units (SKU’s) of automotive replacement parts and fasteners. It has a 25.61 P/E ratio. The Firm groups its products into approximately four classes, such as power-train, including intake and exhaust manifolds, and harmonic balancers; automotive body, including window lift motors and window regulators; chassis, including suspension arms and knuckles, and hardware, including threaded bolts.

Insitutional Activity: The institutional sentiment decreased to 0.94 in 2016 Q2. Its down 0.24, from 1.18 in 2016Q1. The ratio fall, 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.
The Georgia-based Ridgeworth Capital Management Ltd has invested 0% in Dorman Products Inc. (NASDAQ:DORM). Us Bancshares De holds 0.02% of its portfolio in Dorman Products Inc. (NASDAQ:DORM) for 75,800 shares. Sei Communication last reported 0% of its portfolio in the stock. Independent Consultants Inc has 0.22% invested in the company for 11,980 shares. Ngam Limited Partnership reported 21,857 shares or 0.02% of all its holdings. Great Lakes Lc, a Illinois-based fund reported 85,248 shares. Goldman Sachs Gru has invested 0% of its portfolio in Dorman Products Inc. (NASDAQ:DORM). Moreover, Regions Corp has 0.01% invested in Dorman Products Inc. (NASDAQ:DORM) for 9,186 shares. Tiaa Cref Mgmt last reported 83,298 shares in the company. Winslow Evans Crocker holds 0% of its portfolio in Dorman Products Inc. (NASDAQ:DORM) for 50 shares. Bb&T reported 5,450 shares or 0.01% of all its holdings. Aqr Mngmt Ltd Co holds 0% of its portfolio in Dorman Products Inc. (NASDAQ:DORM) for 19,579 shares. Teachers Advisors Inc has 0% invested in the company for 42,791 shares. Moreover, M&T Comml Bank has 0% invested in Dorman Products Inc. (NASDAQ:DORM) for 10,569 shares. Moreover, Envestnet Asset Management Incorporated has 0.02% invested in Dorman Products Inc. (NASDAQ:DORM) for 78,392 shares.

Insider Transactions: Since June 15, 2016, the stock had 0 insider buys, and 4 selling transactions for $222,242 net activity. The insider DARBY JEFFERY sold 490 shares worth $31,360. LEDERER PAUL R also sold $31,275 worth of Dorman Products Inc. (NASDAQ:DORM) on Friday, August 26. 200 shares were sold by BARTON MATHIAS J, worth $12,508. 2,710 shares were sold by KEALEY MICHAEL, worth $147,099 on Wednesday, June 15.

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 firm has “Outperform” rating given on Thursday, October 29 by FBR Capital. On Tuesday, October 20 the stock rating was initiated by Jefferies with “Hold”. The stock has “Outperform” rating given by Barrington Research on Wednesday, October 14. Sidoti initiated the stock with “Buy” rating in Wednesday, December 23 report. The company was downgraded on Thursday, October 15 by BB&T Capital. Jefferies maintained the shares of DORM in a report on Wednesday, July 27 with “Hold” rating. The stock has “Neutral” rating given by B. Riley & Co on Thursday, February 18.

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.

More news for Dorman Products Inc. (NASDAQ:DORM) were recently published by: Fool.com, which released: “Dorman Products Inc. Overcomes Obstacles to Drive Strong Earnings Growth” on July 26, 2016. Fool.com‘s article titled: “Dorman Products Revs Up Its Earnings Engines” and published on February 17, 2016 is yet another important article.

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By Peter Erickson


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