Principal Financial Group Inc. lowered its stake in Dorman Products, Inc. (NASDAQ:DORM – Free Report) by 6.1% in the 2nd quarter, Holdings Channel reports. The firm owned 138,489 shares of the auto parts company’s stock after selling 8,938 shares during the quarter. Principal Financial Group Inc.’s holdings in Dorman Products were worth $12,669,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in DORM. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Dorman Products by 24.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,330 shares of the auto parts company’s stock valued at $579,000 after acquiring an additional 1,231 shares during the last quarter. Tributary Capital Management LLC boosted its position in shares of Dorman Products by 0.6% during the 2nd quarter. Tributary Capital Management LLC now owns 206,380 shares of the auto parts company’s stock valued at $18,880,000 after acquiring an additional 1,149 shares during the last quarter. Leeward Investments LLC MA boosted its position in shares of Dorman Products by 5.6% during the 2nd quarter. Leeward Investments LLC MA now owns 140,036 shares of the auto parts company’s stock valued at $12,810,000 after acquiring an additional 7,437 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Dorman Products by 5.1% during the 2nd quarter. Assenagon Asset Management S.A. now owns 224,374 shares of the auto parts company’s stock valued at $20,526,000 after acquiring an additional 10,915 shares during the last quarter. Finally, SG Americas Securities LLC boosted its position in shares of Dorman Products by 1,595.0% during the 2nd quarter. SG Americas Securities LLC now owns 21,035 shares of the auto parts company’s stock valued at $1,924,000 after acquiring an additional 19,794 shares during the last quarter. Institutional investors own 84.70% of the company’s stock.
Dorman Products Stock Performance
Shares of DORM opened at $108.99 on Friday. The stock has a 50-day moving average price of $102.27 and a 200-day moving average price of $95.13. The company has a market cap of $3.33 billion, a PE ratio of 21.93 and a beta of 0.83. Dorman Products, Inc. has a 12-month low of $60.01 and a 12-month high of $114.51. The company has a current ratio of 2.40, a quick ratio of 1.19 and a debt-to-equity ratio of 0.38.
Analyst Ratings Changes
Separately, Roth Mkm reiterated a “buy” rating and set a $116.00 price target on shares of Dorman Products in a research report on Friday, June 14th.
Read Our Latest Analysis on DORM
Insider Buying and Selling
In related news, SVP Jeffery Darby sold 1,400 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $113.98, for a total value of $159,572.00. Following the completion of the sale, the senior vice president now owns 22,271 shares in the company, valued at approximately $2,538,448.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 4,200 shares of company stock worth $445,116 in the last quarter. 10.00% of the stock is owned by insiders.
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.
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