Dorman Products (NASDAQ:DORM) Cut to Buy at StockNews.com

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

Separately, Roth Mkm reissued a “buy” rating and issued a $153.00 price target (up from $126.00) on shares of Dorman Products in a report on Monday, November 4th. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat, Dorman Products presently has a consensus rating of “Buy” and a consensus price target of $125.67.

Dorman Products Trading Down 1.0 %

Shares of DORM opened at $124.93 on Tuesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.34 and a quick ratio of 1.16. Dorman Products has a 1-year low of $80.28 and a 1-year high of $146.60. The stock has a market cap of $3.81 billion, a price-to-earnings ratio of 20.89 and a beta of 0.88. The firm has a 50 day simple moving average of $131.03 and a 200-day simple moving average of $122.33.

Insiders Place Their Bets

In related news, SVP Donna M. Long sold 3,277 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $134.79, for a total value of $441,706.83. Following the sale, the senior vice president now directly owns 20,126 shares of the company’s stock, valued at approximately $2,712,783.54. This trade represents a 14.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Steven L. Berman sold 9,238 shares of the company’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $132.73, for a total transaction of $1,226,159.74. Following the transaction, the director now directly owns 788,688 shares of the company’s stock, valued at $104,682,558.24. This trade represents a 1.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 56,088 shares of company stock valued at $7,524,211 in the last quarter. 10.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. HighPoint Advisor Group LLC raised its holdings in shares of Dorman Products by 3.5% in the 4th quarter. HighPoint Advisor Group LLC now owns 2,438 shares of the auto parts company’s stock worth $308,000 after purchasing an additional 83 shares during the period. Envestnet Portfolio Solutions Inc. raised its holdings in Dorman Products by 1.8% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 4,763 shares of the auto parts company’s stock valued at $617,000 after buying an additional 84 shares during the period. Pitcairn Co. lifted its position in Dorman Products by 2.0% during the fourth quarter. Pitcairn Co. now owns 4,490 shares of the auto parts company’s stock valued at $582,000 after buying an additional 86 shares in the last quarter. Csenge Advisory Group grew its stake in Dorman Products by 0.5% during the fourth quarter. Csenge Advisory Group now owns 19,298 shares of the auto parts company’s stock worth $2,500,000 after buying an additional 96 shares during the period. Finally, Equitable Trust Co. increased its position in shares of Dorman Products by 2.2% in the third quarter. Equitable Trust Co. now owns 4,494 shares of the auto parts company’s stock worth $508,000 after acquiring an additional 97 shares in the last quarter. Institutional investors and hedge funds own 84.70% of the company’s stock.

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.