Rhumbline Advisers Has $9.51 Million Position in Dorman Products, Inc. (NASDAQ:DORM)

Rhumbline Advisers decreased its position in shares of Dorman Products, Inc. (NASDAQ:DORM) by 2.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 73,425 shares of the auto parts company’s stock after selling 2,018 shares during the period. Rhumbline Advisers’ holdings in Dorman Products were worth $9,512,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. State Street Corp lifted its stake in Dorman Products by 8.6% during 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 holdings in shares of 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 in the last quarter. Jennison Associates LLC lifted its position in shares of Dorman Products by 13.9% during the 3rd quarter. Jennison Associates LLC now owns 454,852 shares of the auto parts company’s stock worth $51,453,000 after buying an additional 55,615 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Dorman Products by 1.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 350,615 shares of the auto parts company’s stock valued at $39,662,000 after buying an additional 3,365 shares in the last quarter. Finally, WCM Investment Management LLC grew its position in 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 valued at $34,372,000 after acquiring an additional 6,754 shares during the last quarter. 84.70% of the stock is owned by institutional investors.

Dorman Products Stock Down 0.4 %

Shares of NASDAQ DORM opened at $123.04 on Tuesday. Dorman Products, Inc. has a 1 year low of $81.24 and a 1 year 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 firm has a market cap of $3.75 billion, a PE ratio of 20.58 and a beta of 0.88. The company has a 50 day simple moving average of $128.93 and a 200 day simple moving average of $123.78.

Analysts Set New Price Targets

A number of research analysts have recently commented on DORM shares. Roth Mkm reissued a “buy” rating and issued a $153.00 target price (up previously from $126.00) on shares of Dorman Products in a report on Monday, November 4th. StockNews.com cut shares of Dorman Products from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 11th. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $125.67.

Insider Transactions at Dorman Products

In other Dorman Products news, Director Steven L. Berman sold 8,524 shares of the firm’s stock in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $131.79, for a total transaction of $1,123,377.96. Following the completion of the transaction, the director now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John Mcknight sold 8,185 shares of the company’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $139.34, for a total transaction of $1,140,497.90. Following the completion of the sale, the insider now directly owns 8,902 shares in the company, valued at approximately $1,240,404.68. This represents a 47.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 49,533 shares of company stock worth $6,619,683. Company insiders own 10.00% of the company’s stock.

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.