Dorman Products (NASDAQ:DORM) Downgraded to Buy Rating by StockNews.com

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

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

Dorman Products Stock Down 0.1 %

Shares of Dorman Products stock opened at $126.14 on Tuesday. Dorman Products has a 1-year low of $80.28 and a 1-year high of $146.60. The company has a market capitalization of $3.85 billion, a PE ratio of 21.09 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. The business has a 50-day moving average of $131.33 and a 200-day moving average of $122.31.

Insider Transactions at Dorman Products

In related news, SVP Donna M. Long sold 3,277 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $134.79, for a total transaction of $441,706.83. Following the transaction, the senior vice president now directly owns 20,126 shares in the company, valued at $2,712,783.54. This trade represents a 14.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Steven L. Berman sold 8,524 shares of the business’s stock in a transaction 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 sale, the director now owns 773,094 shares of the company’s stock, valued at approximately $101,886,058.26. The trade was a 1.09 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 56,088 shares of company stock valued at $7,524,211. Insiders own 10.00% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Zions Bancorporation N.A. acquired a new stake in Dorman Products during the fourth quarter worth about $1,168,000. Summit Creek Advisors LLC raised its position in shares of Dorman Products by 0.3% during the 4th quarter. Summit Creek Advisors LLC now owns 114,459 shares of the auto parts company’s stock worth $14,828,000 after purchasing an additional 355 shares during the period. Vanguard Group Inc. lifted its holdings 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 purchasing an additional 91,361 shares during the last quarter. LPL Financial LLC boosted its position in Dorman Products by 216.6% during the 4th quarter. LPL Financial LLC now owns 19,715 shares of the auto parts company’s stock valued at $2,555,000 after purchasing an additional 13,487 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new position in Dorman Products during the 4th quarter worth $933,000. 84.70% of the stock is currently owned by institutional investors.

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.