Dorman Products (NASDAQ:DORM) Stock Rating Lowered by StockNews.com

Dorman Products (NASDAQ:DORM) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued on Tuesday.

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

Dorman Products Stock Performance

NASDAQ:DORM opened at $124.93 on Tuesday. The company has a market cap of $3.81 billion, a price-to-earnings ratio of 20.89 and a beta of 0.88. The company has a quick ratio of 1.16, a current ratio of 2.34 and a debt-to-equity ratio of 0.37. Dorman Products has a 52 week low of $80.28 and a 52 week high of $146.60. The company has a fifty day simple moving average of $131.03 and a two-hundred day simple moving average of $122.33.

Insiders Place Their Bets

In other Dorman Products news, Director Steven L. Berman sold 8,524 shares of Dorman Products 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 transaction, the director now directly owns 773,094 shares in the company, valued at approximately $101,886,058.26. This trade represents a 1.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Donna M. Long sold 3,277 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $134.79, for a total value of $441,706.83. Following the sale, the senior vice president now owns 20,126 shares of the company’s stock, valued at $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 56,088 shares of company stock valued at $7,524,211 in the last ninety days. Insiders own 10.00% of the company’s stock.

Hedge Funds Weigh In On Dorman Products

Several institutional investors have recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Dorman Products during the fourth quarter worth about $41,047,000. Fiera Capital Corp acquired a new stake in shares of Dorman Products in the 3rd quarter valued at approximately $25,571,000. Wellington Management Group LLP boosted its stake in shares of Dorman Products by 1,136.2% in the fourth quarter. Wellington Management Group LLP now owns 174,717 shares of the auto parts company’s stock valued at $22,635,000 after buying an additional 160,584 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in Dorman Products by 889.2% in the fourth 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. lifted its holdings in Dorman Products by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 3,028,728 shares of the auto parts company’s stock valued at $392,372,000 after acquiring an additional 91,361 shares during the period. 84.70% of the stock is owned by institutional investors and hedge funds.

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.