Legato Capital Management LLC Has $1.25 Million Stock Holdings in Dorman Products, Inc. (NASDAQ:DORM)

Legato Capital Management LLC decreased its holdings in shares of Dorman Products, Inc. (NASDAQ:DORM) by 11.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,654 shares of the auto parts company’s stock after selling 1,297 shares during the quarter. Legato Capital Management LLC’s holdings in Dorman Products were worth $1,251,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Equitable Trust Co. grew its stake in Dorman Products by 2.2% during the 3rd quarter. Equitable Trust Co. now owns 4,494 shares of the auto parts company’s stock valued at $508,000 after acquiring an additional 97 shares in the last quarter. Heritage Family Offices LLP boosted its holdings in shares of Dorman Products by 4.9% during the fourth quarter. Heritage Family Offices LLP now owns 2,128 shares of the auto parts company’s stock worth $276,000 after purchasing an additional 100 shares during the period. Creative Planning grew its position in Dorman Products by 3.3% during the second quarter. Creative Planning now owns 4,499 shares of the auto parts company’s stock valued at $412,000 after purchasing an additional 144 shares in the last quarter. First Horizon Advisors Inc. increased its stake in Dorman Products by 28.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 662 shares of the auto parts company’s stock valued at $75,000 after buying an additional 146 shares during the period. Finally, Procyon Advisors LLC lifted its position in Dorman Products by 7.1% in the 3rd quarter. Procyon Advisors LLC now owns 2,730 shares of the auto parts company’s stock worth $309,000 after buying an additional 180 shares in the last quarter. 84.70% of the stock is owned by institutional investors and hedge funds.

Dorman Products Price Performance

Shares of Dorman Products stock opened at $124.93 on Thursday. Dorman Products, Inc. has a fifty-two week low of $80.28 and a fifty-two week high of $146.60. The company has a market cap of $3.81 billion, a PE ratio of 20.89 and a beta of 0.88. The firm has a fifty day moving average price of $131.03 and a two-hundred day moving average price of $122.33. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.34 and a quick ratio of 1.16.

Insider Transactions at Dorman Products

In other Dorman Products news, Director Steven L. Berman sold 8,524 shares of Dorman Products stock in a transaction on Wednesday, January 29th. The stock was sold at an average price of $131.79, for a total value 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. The trade was a 1.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Eric Luftig sold 3,278 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $141.19, for a total value of $462,820.82. Following the completion of the transaction, the senior vice president now directly owns 5,934 shares in the company, valued at approximately $837,821.46. This represents a 35.58 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 56,088 shares of company stock valued at $7,524,211. Company insiders own 10.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on DORM. StockNews.com cut shares of Dorman Products from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Roth Mkm reaffirmed a “buy” rating and issued a $153.00 price objective (up previously from $126.00) on shares of Dorman Products in a research note on Monday, November 4th. Four equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Dorman Products has an average rating of “Buy” and an average target price of $125.67.

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.