By otakuyassine3@gmail.com 
Trust Point Inc. decreased its position in Dorman Products, Inc. (NASDAQ:DORM – Free Report) by 5.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,483 shares of the auto parts company’s stock after selling 435 shares during the period. Trust Point Inc.’s holdings in Dorman Products were worth $969,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DORM. State Street Corp raised its stake in shares of Dorman Products by 8.6% in the third quarter. State Street Corp now owns 1,108,327 shares of the auto parts company’s stock worth $125,374,000 after purchasing an additional 87,780 shares during the last quarter. Royce & Associates LP raised its position in Dorman Products by 17.6% during the 3rd quarter. Royce & Associates LP now owns 523,882 shares of the auto parts company’s stock worth $59,262,000 after buying an additional 78,496 shares during the last quarter. Jennison Associates LLC lifted its stake in Dorman Products by 13.9% during the 3rd quarter. Jennison Associates LLC now owns 454,852 shares of the auto parts company’s stock valued at $51,453,000 after acquiring an additional 55,615 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Dorman Products by 1.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 350,615 shares of the auto parts company’s stock valued at $39,662,000 after acquiring an additional 3,365 shares during the last quarter. Finally, WCM Investment Management LLC increased its stake in shares of Dorman Products by 2.3% in the third quarter. WCM Investment Management LLC now owns 302,620 shares of the auto parts company’s stock worth $34,372,000 after acquiring an additional 6,754 shares during the period. Institutional investors and hedge funds own 84.70% of the company’s stock.
Insider Activity at Dorman Products
In other news, Director Steven L. Berman sold 285 shares of Dorman Products stock in a transaction dated Friday, January 10th. The shares were 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 in the company, valued at $102,940,584.50. This trade represents a 0.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Donna M. Long sold 3,277 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $134.79, for a total transaction of $441,706.83. Following the transaction, the senior vice president now owns 20,126 shares of the company’s stock, valued at approximately $2,712,783.54. This trade represents a 14.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 56,088 shares of company stock worth $7,524,211 in the last 90 days. Corporate insiders own 10.00% of the company’s stock.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on the stock. Roth Mkm restated a “buy” rating and set a $153.00 target price (up from $126.00) on shares of Dorman Products in a research report on Monday, November 4th. StockNews.com upgraded Dorman Products from a “buy” rating to a “strong-buy” rating in a research note on Monday. Three equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $125.67.
Get Our Latest Report on Dorman Products
Dorman Products Stock Up 0.6 %
DORM opened at $131.97 on Wednesday. The company has a fifty day moving average of $132.51 and a two-hundred day moving average of $121.33. The stock has a market capitalization of $4.03 billion, a price-to-earnings ratio of 22.07 and a beta of 0.88. Dorman Products, Inc. has a fifty-two week low of $79.43 and a fifty-two week high of $146.60. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 2.34.
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.
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