Illinois Municipal Retirement Fund Sells 667 Shares of Dorman Products, Inc. (NASDAQ:DORM)

Illinois Municipal Retirement Fund cut its holdings in Dorman Products, Inc. (NASDAQ:DORM) by 4.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,252 shares of the auto parts company’s stock after selling 667 shares during the period. Illinois Municipal Retirement Fund’s holdings in Dorman Products were worth $1,846,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of DORM. Flagship Harbor Advisors LLC bought a new position in Dorman Products in the 4th quarter worth $287,000. Intech Investment Management LLC purchased a new stake in Dorman Products in the third quarter worth about $2,014,000. Empowered Funds LLC bought a new position in shares of Dorman Products in the fourth quarter worth about $387,000. HighTower Advisors LLC lifted its position in shares of Dorman Products by 431.9% during the 3rd quarter. HighTower Advisors LLC now owns 13,850 shares of the auto parts company’s stock valued at $1,563,000 after buying an additional 11,246 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its position in shares of Dorman Products by 41.2% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 13,688 shares of the auto parts company’s stock valued at $1,548,000 after buying an additional 3,993 shares in the last quarter. Hedge funds and other institutional investors own 84.70% of the company’s stock.

Analysts Set New Price Targets

DORM has been the subject of several analyst reports. Roth Mkm reissued a “buy” rating and issued a $153.00 target price (up from $126.00) on shares of Dorman Products in a report on Monday, November 4th. StockNews.com raised shares of Dorman Products from a “buy” rating to a “strong-buy” rating in a research note on Friday.

Insider Transactions at Dorman Products

In other news, Director Steven L. Berman sold 8,485 shares of Dorman Products stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $136.83, for a total value of $1,161,002.55. Following the sale, the director now directly owns 867,671 shares of the company’s stock, valued at approximately $118,723,422.93. The trade was a 0.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider John Mcknight sold 8,185 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $139.34, for a total value of $1,140,497.90. Following the transaction, the insider now directly owns 8,902 shares of the company’s stock, valued at approximately $1,240,404.68. The trade was a 47.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 49,533 shares of company stock valued at $6,619,683. 10.00% of the stock is currently owned by corporate insiders.

Dorman Products Price Performance

Shares of Dorman Products stock opened at $131.46 on Friday. The company has a market capitalization of $4.01 billion, a price-to-earnings ratio of 21.98 and a beta of 0.88. The company has a quick ratio of 1.16, a current ratio of 2.34 and a debt-to-equity ratio of 0.37. The stock’s 50-day simple moving average is $128.60 and its 200-day simple moving average is $123.95. Dorman Products, Inc. has a 52 week low of $86.61 and a 52 week high of $146.60.

Dorman Products (NASDAQ:DORM) last posted its quarterly earnings results on Wednesday, February 26th. The auto parts company reported $2.20 EPS for the quarter, topping analysts’ consensus estimates of $1.99 by $0.21. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. The company had revenue of $533.77 million for the quarter, compared to analysts’ expectations of $523.95 million. As a group, analysts expect that Dorman Products, Inc. will post 6.9 earnings per share for the current fiscal year.

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.