Dorman Products (NASDAQ:DORM) Upgraded at StockNews.com

StockNews.com upgraded shares of Dorman Products (NASDAQ:DORM) from a buy rating to a strong-buy rating in a research report released on Monday morning.

Separately, Roth Mkm reiterated a “buy” rating and issued a $153.00 price objective (up from $126.00) on shares of Dorman Products in a research note on Monday, November 4th. Three investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $125.67.

Dorman Products Price Performance

Shares of DORM opened at $130.65 on Monday. The company has a quick ratio of 1.16, a current ratio of 2.34 and a debt-to-equity ratio of 0.37. Dorman Products has a fifty-two week low of $79.81 and a fifty-two week high of $146.60. The company has a market cap of $3.99 billion, a P/E ratio of 21.85 and a beta of 0.88. The firm’s 50 day moving average price is $132.33 and its 200 day moving average price is $121.39.

Insider Buying and Selling

In other news, SVP Donna M. Long sold 3,277 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $134.79, for a total value of $441,706.83. Following the sale, the senior vice president now directly owns 20,126 shares in the company, valued at approximately $2,712,783.54. This trade represents a 14.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Steven L. Berman sold 8,524 shares of Dorman Products stock in a transaction on Wednesday, January 29th. The stock was sold at an average price of $131.79, for a total transaction of $1,123,377.96. Following the sale, the director now directly owns 773,094 shares of the company’s stock, valued at approximately $101,886,058.26. This trade represents a 1.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 56,088 shares of company stock worth $7,524,211 over the last 90 days. 10.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Quent Capital LLC purchased a new stake in Dorman Products during the fourth quarter worth approximately $31,000. Westside Investment Management Inc. purchased a new position in Dorman Products in the third quarter valued at approximately $29,000. Advisors Asset Management Inc. acquired a new stake in Dorman Products during the third quarter worth approximately $31,000. Farther Finance Advisors LLC lifted its position in shares of Dorman Products by 5,460.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 278 shares of the auto parts company’s stock worth $31,000 after buying an additional 273 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new position in shares of Dorman Products in the 4th quarter valued at $42,000. 84.70% of the stock is owned by institutional investors and hedge funds.

About Dorman Products

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.