Strs Ohio Trims Position in Dorman Products, Inc. $DORM

Strs Ohio lowered its position in shares of Dorman Products, Inc. (NASDAQ:DORM) by 64.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,200 shares of the auto parts company’s stock after selling 5,700 shares during the quarter. Strs Ohio’s holdings in Dorman Products were worth $499,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of DORM. Hillsdale Investment Management Inc. increased its position in Dorman Products by 34.8% during the second quarter. Hillsdale Investment Management Inc. now owns 44,960 shares of the auto parts company’s stock worth $5,515,000 after purchasing an additional 11,600 shares during the last quarter. Capital Fund Management S.A. purchased a new stake in shares of Dorman Products during the 2nd quarter valued at $1,423,000. Assenagon Asset Management S.A. increased its holdings in shares of Dorman Products by 130.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 23,036 shares of the auto parts company’s stock worth $3,591,000 after buying an additional 13,025 shares during the last quarter. Tributary Capital Management LLC raised its position in shares of Dorman Products by 90.5% in the 3rd quarter. Tributary Capital Management LLC now owns 234,388 shares of the auto parts company’s stock worth $36,536,000 after buying an additional 111,380 shares during the period. Finally, Vanguard Personalized Indexing Management LLC acquired a new position in Dorman Products in the second quarter valued at $321,000. 84.70% of the stock is currently owned by institutional investors and hedge funds.

Dorman Products Stock Performance

Dorman Products stock opened at $124.20 on Friday. The firm has a market capitalization of $3.80 billion, a PE ratio of 15.47 and a beta of 0.91. Dorman Products, Inc. has a one year low of $106.95 and a one year high of $166.89. The stock’s 50 day moving average price is $126.76 and its 200 day moving average price is $138.03. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.19 and a current ratio of 2.94.

Insider Buying and Selling at Dorman Products

In other Dorman Products news, insider John Mcknight sold 2,000 shares of the company’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $128.80, for a total value of $257,600.00. Following the completion of the transaction, the insider directly owned 9,112 shares of the company’s stock, valued at $1,173,625.60. This represents a 18.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Donna M. Long sold 812 shares of the firm’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $123.75, for a total value of $100,485.00. Following the sale, the senior vice president owned 17,856 shares of the company’s stock, valued at $2,209,680. This represents a 4.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 8.90% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on DORM shares. Wall Street Zen lowered Dorman Products from a “buy” rating to a “hold” rating in a research note on Friday, January 23rd. Zacks Research downgraded shares of Dorman Products from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 27th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Dorman Products in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Dorman Products has a consensus rating of “Buy” and a consensus price target of $180.50.

Dorman Products Profile

Dorman Products, Inc is a leading independent global supplier of automotive aftermarket parts and hardware. Headquartered in Colmar, Pennsylvania, the company specializes in the design, manufacture and distribution of replacement components for passenger cars, light trucks and commercial vehicles. Dorman’s offerings span both mechanical and electrical systems, providing solutions that help repair shops and retailers address wear-out and collision-related failures on domestic and import vehicles.

The company’s extensive product portfolio includes steering and suspension components, brake system parts, engine management and cooling products, exterior and body hardware, and an array of fasteners, clips and brackets.