Dorman Products, Inc. (NASDAQ:DORM) Stock Holdings Reduced by Wrapmanager Inc.

Wrapmanager Inc. lowered its position in Dorman Products, Inc. (NASDAQ:DORM) by 21.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 2,134 shares of the auto parts company’s stock after selling 586 shares during the quarter. Wrapmanager Inc.’s holdings in Dorman Products were worth $276,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Y Intercept Hong Kong Ltd purchased a new position in Dorman Products in the fourth quarter valued at about $669,000. Handelsbanken Fonder AB grew its stake in Dorman Products by 11.0% in the fourth quarter. Handelsbanken Fonder AB now owns 8,044 shares of the auto parts company’s stock valued at $1,042,000 after purchasing an additional 800 shares in the last quarter. Truist Financial Corp grew its stake in Dorman Products by 1.7% in the fourth quarter. Truist Financial Corp now owns 35,405 shares of the auto parts company’s stock valued at $4,587,000 after purchasing an additional 602 shares in the last quarter. Principal Financial Group Inc. grew its stake in Dorman Products by 3.2% in the fourth quarter. Principal Financial Group Inc. now owns 138,082 shares of the auto parts company’s stock valued at $17,889,000 after purchasing an additional 4,247 shares in the last quarter. Finally, Csenge Advisory Group grew its stake in Dorman Products by 0.5% in the fourth quarter. Csenge Advisory Group now owns 19,298 shares of the auto parts company’s stock valued at $2,500,000 after purchasing an additional 96 shares in the last quarter. Hedge funds and other institutional investors own 84.70% of the company’s stock.

Insider Buying and Selling

In related news, Director Steven L. Berman sold 285 shares of the business’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $123.50, for a total transaction of $35,197.50. Following the completion of the transaction, the director now owns 833,527 shares of the company’s stock, valued at approximately $102,940,584.50. The trade was a 0.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John Mcknight sold 8,185 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $139.34, for a total value of $1,140,497.90. Following the transaction, the insider now directly owns 8,902 shares of the company’s stock, valued at $1,240,404.68. This represents a 47.90 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 49,533 shares of company stock valued at $6,619,683. Insiders own 10.00% of the company’s stock.

Dorman Products Price Performance

NASDAQ DORM opened at $125.57 on Wednesday. Dorman Products, Inc. has a twelve month low of $81.24 and a twelve month high of $146.60. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 2.34. The stock has a market capitalization of $3.83 billion, a PE ratio of 21.00 and a beta of 0.88. The stock has a 50-day simple moving average of $128.76 and a 200 day simple moving average of $123.92.

Wall Street Analyst Weigh In

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

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.