Bessemer Group Inc. Boosts Stock Holdings in Dorman Products, Inc. $DORM

Bessemer Group Inc. boosted its stake in Dorman Products, Inc. (NASDAQ:DORM) by 76.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 193,170 shares of the auto parts company’s stock after purchasing an additional 83,725 shares during the quarter. Bessemer Group Inc. owned about 0.63% of Dorman Products worth $30,109,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Private Trust Co. NA increased its holdings in shares of Dorman Products by 101.2% in the third quarter. Private Trust Co. NA now owns 165 shares of the auto parts company’s stock worth $26,000 after purchasing an additional 83 shares during the last quarter. Salem Investment Counselors Inc. bought a new stake in Dorman Products in the 3rd quarter worth approximately $27,000. EverSource Wealth Advisors LLC raised its holdings in shares of Dorman Products by 594.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 236 shares of the auto parts company’s stock worth $29,000 after acquiring an additional 202 shares in the last quarter. Salomon & Ludwin LLC purchased a new stake in shares of Dorman Products during the 3rd quarter worth approximately $29,000. Finally, Quent Capital LLC bought a new position in shares of Dorman Products during the 3rd quarter valued at approximately $38,000. Institutional investors own 84.70% of the company’s stock.

Insider Buying and Selling

In other news, insider John Mcknight sold 2,000 shares of the stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $128.80, for a total value of $257,600.00. Following the sale, the insider directly owned 9,112 shares in the company, valued at approximately $1,173,625.60. This represents a 18.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Donna M. Long sold 812 shares of the business’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $123.75, for a total value of $100,485.00. Following the transaction, the senior vice president owned 17,856 shares of the company’s stock, valued at approximately $2,209,680. The trade was a 4.35% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 8.90% of the company’s stock.

Analyst Upgrades and Downgrades

DORM has been the topic of several research reports. Wall Street Zen cut shares of Dorman Products from a “buy” rating to a “hold” rating in a research report on Friday, January 23rd. Zacks Research cut shares of Dorman Products from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 27th. Finally, Weiss Ratings lowered Dorman Products from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $180.50.

Dorman Products Price Performance

DORM stock opened at $130.10 on Friday. Dorman Products, Inc. has a 12 month low of $106.95 and a 12 month high of $166.89. The company has a current ratio of 2.94, a quick ratio of 1.19 and a debt-to-equity ratio of 0.28. The company has a 50-day moving average price of $126.17 and a 200 day moving average price of $138.24. The stock has a market cap of $3.98 billion, a PE ratio of 16.20 and a beta of 0.92.

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.