Dorman Products, Inc. (NASDAQ:DORM) Shares Sold by Wrapmanager Inc.

Wrapmanager Inc. lessened its holdings in shares of Dorman Products, Inc. (NASDAQ:DORM) by 21.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,134 shares of the auto parts company’s stock after selling 586 shares during the quarter. Wrapmanager Inc.’s holdings in Dorman Products were worth $276,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Westside Investment Management Inc. acquired a new position in Dorman Products during the 3rd quarter worth $29,000. Farther Finance Advisors LLC raised its stake in shares of Dorman Products by 5,460.0% in 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 in the last quarter. Advisors Asset Management Inc. bought a new stake in shares of Dorman Products in the 3rd quarter worth $31,000. Quent Capital LLC bought a new stake in shares of Dorman Products in the 4th quarter worth $31,000. Finally, Newbridge Financial Services Group Inc. bought a new stake in shares of Dorman Products in the 4th quarter worth $42,000. Institutional investors and hedge funds own 84.70% of the company’s stock.

Insider Transactions at Dorman Products

In other news, insider John Mcknight sold 8,185 shares of the business’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $139.34, for a total transaction of $1,140,497.90. Following the sale, the insider now directly owns 8,902 shares of the company’s stock, valued at $1,240,404.68. The trade was a 47.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Steven L. Berman sold 2,633 shares of the business’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $132.52, for a total value of $348,925.16. Following the sale, the director now directly owns 833,812 shares in the company, valued at $110,496,766.24. This trade represents a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 49,533 shares of company stock valued at $6,619,683 over the last three months. Company insiders own 10.00% of the company’s stock.

Dorman Products Stock Up 2.1 %

Shares of Dorman Products stock opened at $125.57 on Wednesday. The stock’s fifty day moving average is $128.76 and its 200-day moving average is $123.92. The firm has a market capitalization of $3.83 billion, a PE ratio of 21.00 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. Dorman Products, Inc. has a 12-month low of $81.24 and a 12-month high of $146.60.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. StockNews.com downgraded Dorman Products from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 11th. Roth Mkm reissued a “buy” rating and issued a $153.00 price objective (up previously from $126.00) on shares of Dorman Products in a research note on Monday, November 4th. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $125.67.

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.