Advisors Preferred LLC Makes New $1.06 Million Investment in Dorman Products, Inc. (NASDAQ:DORM)

Advisors Preferred LLC acquired a new stake in shares of Dorman Products, Inc. (NASDAQ:DORM) during the 4th quarter, Holdings Channel reports. The fund acquired 8,240 shares of the auto parts company’s stock, valued at approximately $1,058,000.

Other large investors also recently modified their holdings of the company. Fiera Capital Corp purchased a new stake in Dorman Products in the 3rd quarter worth $25,571,000. State Street Corp grew its holdings in 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 valued at $125,374,000 after buying an additional 87,780 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Dorman Products by 173.6% in the third quarter. JPMorgan Chase & Co. now owns 133,341 shares of the auto parts company’s stock worth $15,084,000 after buying an additional 84,613 shares in the last quarter. Royce & Associates LP grew its stake 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 in the last quarter. Finally, 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 valued at $51,453,000 after purchasing an additional 55,615 shares during the last quarter. Hedge funds and other institutional investors own 84.70% of the company’s stock.

Dorman Products Trading Down 2.0 %

DORM opened at $126.84 on Friday. Dorman Products, Inc. has a 12 month low of $80.28 and a 12 month high of $146.60. The company has a current ratio of 2.34, a quick ratio of 1.16 and a debt-to-equity ratio of 0.37. The stock has a 50-day moving average of $132.12 and a 200 day moving average of $121.45. The firm has a market cap of $3.87 billion, a P/E ratio of 21.21 and a beta of 0.88.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on DORM shares. StockNews.com upgraded Dorman Products from a “buy” rating to a “strong-buy” rating in a research report on Monday, February 3rd. Roth Mkm reissued a “buy” rating and issued a $153.00 target price (up from $126.00) on shares of Dorman Products in a report on Monday, November 4th. Three investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $125.67.

Insider Buying and Selling at Dorman Products

In other news, SVP Eric Luftig sold 3,278 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $141.19, for a total transaction of $462,820.82. Following the completion of the sale, the senior vice president now directly owns 5,934 shares of the company’s stock, valued at approximately $837,821.46. The trade was a 35.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Donna M. Long sold 3,277 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $134.79, for a total transaction of $441,706.83. Following the completion of the transaction, the senior vice president now directly owns 20,126 shares in the company, valued at $2,712,783.54. This represents a 14.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 56,088 shares of company stock worth $7,524,211 over the last quarter. 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.