Dorman Products (NASDAQ:DORM) Stock Rating Lowered by StockNews.com

Dorman Products (NASDAQ:DORM) was downgraded by stock analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.

Separately, Roth Mkm reaffirmed a “buy” rating and set a $153.00 price target (up from $126.00) on shares of Dorman Products in a research report on Monday, November 4th. Four analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $125.67.

Dorman Products Stock Down 0.5 %

DORM stock opened at $126.24 on Tuesday. The company has a market capitalization of $3.85 billion, a P/E ratio of 21.11 and a beta of 0.88. Dorman Products has a 12 month low of $80.28 and a 12 month high of $146.60. The firm’s fifty day simple moving average is $131.57 and its 200-day simple moving average is $122.13. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.34 and a quick ratio of 1.16.

Insider Transactions at Dorman Products

In related news, Director Steven L. Berman sold 285 shares of Dorman Products stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $123.50, for a total value of $35,197.50. Following the completion of the transaction, the director now owns 833,527 shares in the company, valued at $102,940,584.50. The trade was a 0.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John Mcknight sold 8,185 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $139.34, for a total value of $1,140,497.90. Following the transaction, the insider now owns 8,902 shares in the company, valued at $1,240,404.68. This represents a 47.90 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 56,088 shares of company stock valued at $7,524,211 in the last 90 days. 10.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Dorman Products

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Envestnet Portfolio Solutions Inc. boosted its position in Dorman Products by 1.8% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 4,763 shares of the auto parts company’s stock worth $617,000 after acquiring an additional 84 shares during the last quarter. Csenge Advisory Group lifted its stake in Dorman Products by 0.5% in the 4th quarter. Csenge Advisory Group now owns 19,298 shares of the auto parts company’s stock worth $2,500,000 after purchasing an additional 96 shares in the last quarter. Equitable Trust Co. boosted its holdings in shares of Dorman Products by 2.2% during the 3rd quarter. Equitable Trust Co. now owns 4,494 shares of the auto parts company’s stock worth $508,000 after purchasing an additional 97 shares during the last quarter. Heritage Family Offices LLP grew its position in shares of Dorman Products by 4.9% in the fourth quarter. Heritage Family Offices LLP now owns 2,128 shares of the auto parts company’s stock valued at $276,000 after purchasing an additional 100 shares in the last quarter. Finally, Creative Planning increased its holdings in shares of Dorman Products by 3.3% in the second quarter. Creative Planning now owns 4,499 shares of the auto parts company’s stock valued at $412,000 after purchasing an additional 144 shares during the last quarter. Hedge funds and other institutional investors own 84.70% of the company’s stock.

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.