Dorman Products, Inc. $DORM Shares Bought by Public Sector Pension Investment Board

Public Sector Pension Investment Board raised its position in shares of Dorman Products, Inc. (NASDAQ:DORM) by 6.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 108,377 shares of the auto parts company’s stock after acquiring an additional 6,201 shares during the quarter. Public Sector Pension Investment Board’s holdings in Dorman Products were worth $16,894,000 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 raised its stake in Dorman Products by 101.2% in the 3rd quarter. Private Trust Co. NA now owns 165 shares of the auto parts company’s stock valued at $26,000 after purchasing an additional 83 shares during the last quarter. Salem Investment Counselors Inc. acquired a new stake in Dorman Products during the 3rd quarter worth $27,000. Salomon & Ludwin LLC purchased a new stake in shares of Dorman Products during the third quarter worth $29,000. EverSource Wealth Advisors LLC raised its position in shares of Dorman Products by 594.1% in the second quarter. EverSource Wealth Advisors LLC now owns 236 shares of the auto parts company’s stock valued at $29,000 after buying an additional 202 shares during the last quarter. Finally, Richardson Financial Services Inc. raised its position in shares of Dorman Products by 134.6% in the third quarter. Richardson Financial Services Inc. now owns 244 shares of the auto parts company’s stock valued at $38,000 after buying an additional 140 shares during the last quarter. Hedge funds and other institutional investors own 84.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Zacks Research lowered shares of Dorman Products from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 27th. Wall Street Zen lowered shares of Dorman Products from a “buy” rating to a “hold” rating in a research note on Friday, January 23rd. Finally, Weiss Ratings cut Dorman Products from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, January 30th. One investment 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. According to MarketBeat, Dorman Products has an average rating of “Moderate Buy” and an average target price of $180.50.

Insiders Place Their Bets

In related news, insider John Mcknight sold 2,000 shares of the business’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 sale, the insider directly owned 9,112 shares in the company, valued at approximately $1,173,625.60. The trade was a 18.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Donna M. Long sold 812 shares of the company’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $123.75, for a total transaction of $100,485.00. Following the completion of the transaction, the senior vice president directly owned 17,856 shares in the company, valued at $2,209,680. The trade was a 4.35% decrease in their position. The SEC filing for this sale provides additional information. 8.90% of the stock is owned by insiders.

Dorman Products Stock Down 0.4%

DORM stock opened at $131.17 on Friday. Dorman Products, Inc. has a one year low of $106.95 and a one year high of $166.89. The firm has a market cap of $4.01 billion, a PE ratio of 16.34 and a beta of 0.92. The firm’s 50 day moving average price is $126.48 and its 200-day moving average price is $138.68. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.19 and a current ratio of 2.94.

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.