1,530 Shares in Dorman Products, Inc. (NASDAQ:DORM) Acquired by Choreo LLC

Choreo LLC bought a new position in shares of Dorman Products, Inc. (NASDAQ:DORM) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,530 shares of the auto parts company’s stock, valued at approximately $201,000.

A number of other institutional investors also recently modified their holdings of DORM. State Street Corp raised its holdings in shares of Dorman Products by 8.6% during the 3rd quarter. State Street Corp now owns 1,108,327 shares of the auto parts company’s stock worth $125,374,000 after buying an additional 87,780 shares in the last quarter. Royce & Associates LP boosted its position in Dorman Products by 17.6% during the third quarter. Royce & Associates LP now owns 523,882 shares of the auto parts company’s stock valued at $59,262,000 after acquiring an additional 78,496 shares during the last quarter. Jennison Associates LLC boosted its holdings 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 in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Dorman Products by 1.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 350,615 shares of the auto parts company’s stock worth $39,662,000 after purchasing an additional 3,365 shares in the last quarter. Finally, WCM Investment Management LLC grew its stake in shares of Dorman Products by 2.3% in the 3rd quarter. WCM Investment Management LLC now owns 302,620 shares of the auto parts company’s stock valued at $34,372,000 after buying an additional 6,754 shares during the period. Institutional investors own 84.70% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Roth Mkm reiterated a “buy” rating and issued a $153.00 target price (up previously from $126.00) on shares of Dorman Products in a research note on Monday, November 4th. StockNews.com cut shares of Dorman Products from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 11th. Four analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $125.67.

Dorman Products Price Performance

DORM stock opened at $126.67 on Friday. The firm has a 50-day moving average of $130.52 and a 200 day moving average of $122.71. 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 company has a market cap of $3.87 billion, a P/E ratio of 21.18 and a beta of 0.88. Dorman Products, Inc. has a 1 year low of $80.28 and a 1 year high of $146.60.

Insider Activity at Dorman Products

In other Dorman Products news, Director Steven L. Berman sold 8,485 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $136.83, for a total transaction of $1,161,002.55. Following the sale, the director now directly owns 867,671 shares in the company, valued at approximately $118,723,422.93. This trade represents a 0.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Eric Luftig sold 3,278 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $141.19, for a total transaction of $462,820.82. Following the transaction, the senior vice president now owns 5,934 shares in the company, valued at $837,821.46. This represents a 35.58 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 52,811 shares of company stock worth $7,082,504 over the last ninety days. 10.00% of the stock is owned by corporate insiders.

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.