Seizert Capital Partners LLC raised its stake in Dorman Products, Inc. (NASDAQ:DORM – Free Report) by 37.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 45,836 shares of the auto parts company’s stock after buying an additional 12,367 shares during the period. Seizert Capital Partners LLC owned approximately 0.15% of Dorman Products worth $5,185,000 as of its most recent filing with the SEC.
Several other institutional investors also recently modified their holdings of the stock. Farther Finance Advisors LLC raised its position in shares of Dorman Products by 5,460.0% during the third quarter. Farther Finance Advisors LLC now owns 278 shares of the auto parts company’s stock worth $31,000 after purchasing an additional 273 shares during the period. Covestor Ltd increased its stake in Dorman Products by 781.4% in the 3rd quarter. Covestor Ltd now owns 379 shares of the auto parts company’s stock worth $43,000 after purchasing an additional 336 shares in the last quarter. Quest Partners LLC acquired a new stake in Dorman Products during the 2nd quarter worth about $37,000. GAMMA Investing LLC lifted its stake in Dorman Products by 63.2% during the third quarter. GAMMA Investing LLC now owns 483 shares of the auto parts company’s stock valued at $55,000 after buying an additional 187 shares in the last quarter. Finally, USA Financial Formulas acquired a new position in shares of Dorman Products in the third quarter worth about $58,000. Institutional investors own 84.70% of the company’s stock.
Dorman Products Trading Down 0.9 %
NASDAQ:DORM opened at $134.73 on Friday. The stock has a market cap of $4.11 billion, a PE ratio of 22.53 and a beta of 0.83. Dorman Products, Inc. has a fifty-two week low of $69.63 and a fifty-two week high of $146.60. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.34 and a quick ratio of 1.16. The stock’s 50-day moving average is $118.55 and its two-hundred day moving average is $104.73.
Analyst Ratings Changes
A number of research firms have recently issued reports on DORM. 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. CJS Securities assumed coverage on shares of Dorman Products in a research report on Friday, September 13th. They set an “outperform” rating and a $134.00 price objective on the stock. Four research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $125.67.
Check Out Our Latest Report on Dorman Products
Insider Buying and Selling
In related news, Director Steven L. Berman sold 215 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $117.01, for a total value of $25,157.15. Following the transaction, the director now owns 881,298 shares in the company, valued at approximately $103,120,678.98. This represents a 0.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Jeffery Darby sold 2,400 shares of Dorman Products stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $118.98, for a total transaction of $285,552.00. Following the completion of the sale, the senior vice president now owns 19,871 shares of the company’s stock, valued at $2,364,251.58. This trade represents a 10.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 59,833 shares of company stock worth $7,050,877. Corporate insiders own 10.00% of the company’s stock.
Dorman Products 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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