Robeco Institutional Asset Management B.V. Takes $1.97 Million Position in Dorman Products, Inc. (NASDAQ:DORM)

Robeco Institutional Asset Management B.V. bought a new position in Dorman Products, Inc. (NASDAQ:DORM) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 15,223 shares of the auto parts company’s stock, valued at approximately $1,972,000.

Several other institutional investors have also modified their holdings of DORM. Westside Investment Management Inc. purchased a new position in Dorman Products during the third quarter worth about $29,000. Advisors Asset Management Inc. acquired a new position in Dorman Products in the 3rd quarter valued at about $31,000. Farther Finance Advisors LLC lifted its position in shares of Dorman Products by 5,460.0% during the third quarter. Farther Finance Advisors LLC now owns 278 shares of the auto parts company’s stock worth $31,000 after purchasing an additional 273 shares in the last quarter. Covestor Ltd boosted its stake in shares of Dorman Products by 781.4% in the third quarter. Covestor Ltd now owns 379 shares of the auto parts company’s stock valued at $43,000 after purchasing an additional 336 shares during the period. Finally, GAMMA Investing LLC grew its stake in shares of Dorman Products by 63.2% in the third quarter. GAMMA Investing LLC now owns 483 shares of the auto parts company’s stock worth $55,000 after acquiring an additional 187 shares in the last quarter. Hedge funds and other institutional investors own 84.70% of the company’s stock.

Dorman Products Stock Down 0.1 %

Shares of NASDAQ:DORM opened at $131.14 on Tuesday. Dorman Products, Inc. has a 1-year low of $79.43 and a 1-year high of $146.60. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.34 and a quick ratio of 1.16. The stock has a market cap of $4.00 billion, a P/E ratio of 21.93 and a beta of 0.88. The firm has a fifty day moving average price of $132.73 and a 200 day moving average price of $121.10.

Insider Transactions at Dorman Products

In related news, Director Steven L. Berman sold 285 shares of the stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $123.50, for a total transaction of $35,197.50. Following the completion of the transaction, the director now directly owns 833,527 shares of the company’s stock, valued at $102,940,584.50. This represents a 0.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Donna M. Long sold 3,277 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $134.79, for a total value of $441,706.83. Following the transaction, the senior vice president now owns 20,126 shares in the company, valued at $2,712,783.54. The trade was a 14.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 56,088 shares of company stock worth $7,524,211. Company insiders own 10.00% of the company’s stock.

Wall Street Analyst Weigh In

DORM has been the subject of several recent research reports. StockNews.com upgraded Dorman Products from a “buy” rating to a “strong-buy” rating in a research note on Monday. Roth Mkm restated a “buy” rating and issued a $153.00 target price (up previously from $126.00) on shares of Dorman Products in a report on Monday, November 4th. Three investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $125.67.

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.