Dorman Products (NASDAQ:DORM) Cut to Buy at StockNews.com

StockNews.com lowered shares of Dorman Products (NASDAQ:DORM) from a strong-buy rating to a buy rating in a report issued on Tuesday.

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

Dorman Products Stock Up 0.7 %

Shares of Dorman Products stock opened at $125.75 on Tuesday. The firm has a market cap of $3.84 billion, a price-to-earnings ratio of 21.03 and a beta of 0.88. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.34 and a quick ratio of 1.16. Dorman Products has a 1 year low of $80.28 and a 1 year high of $146.60. The company has a 50-day moving average of $130.76 and a 200 day moving average of $122.36.

Insider Transactions at Dorman Products

In other Dorman Products news, SVP Eric Luftig sold 3,278 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $141.19, for a total value of $462,820.82. Following the completion of the sale, the senior vice president now owns 5,934 shares in the company, valued at approximately $837,821.46. The trade was a 35.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Steven L. Berman sold 8,524 shares of the company’s stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of $131.79, for a total value of $1,123,377.96. Following the sale, the director now owns 773,094 shares of the company’s stock, valued at $101,886,058.26. This trade represents a 1.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 52,811 shares of company stock worth $7,082,504 in the last quarter. Company insiders own 10.00% of the company’s stock.

Institutional Trading of Dorman Products

Several large investors have recently bought and sold shares of the company. Norges Bank acquired a new stake in Dorman Products in the 4th quarter worth about $41,047,000. Fiera Capital Corp acquired a new stake in Dorman Products during the 3rd quarter valued at approximately $25,571,000. Wellington Management Group LLP grew its stake in Dorman Products by 1,136.2% during the 4th quarter. Wellington Management Group LLP now owns 174,717 shares of the auto parts company’s stock valued at $22,635,000 after purchasing an additional 160,584 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Dorman Products by 889.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 126,180 shares of the auto parts company’s stock worth $16,347,000 after acquiring an additional 113,424 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Dorman Products by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 3,028,728 shares of the auto parts company’s stock worth $392,372,000 after acquiring an additional 91,361 shares in the last quarter. Institutional investors and hedge funds own 84.70% of the company’s stock.

About Dorman Products

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.