Dorman Products, Inc. (NASDAQ:DORM) Stake Decreased by Legato Capital Management LLC

Legato Capital Management LLC trimmed its holdings in Dorman Products, Inc. (NASDAQ:DORM) by 11.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,654 shares of the auto parts company’s stock after selling 1,297 shares during the quarter. Legato Capital Management LLC’s holdings in Dorman Products were worth $1,251,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Creative Planning grew its stake 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 worth $412,000 after purchasing an additional 144 shares in the last quarter. GAMMA Investing LLC lifted its holdings in 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 purchasing an additional 187 shares during the period. Procyon Advisors LLC grew its position in Dorman Products by 7.1% in the 3rd quarter. Procyon Advisors LLC now owns 2,730 shares of the auto parts company’s stock valued at $309,000 after buying an additional 180 shares in the last quarter. Heritage Family Offices LLP acquired a new position in Dorman Products during the 3rd quarter valued at about $229,000. Finally, Trust Point Inc. raised its position in shares of Dorman Products by 2.4% during the 3rd quarter. Trust Point Inc. now owns 7,918 shares of the auto parts company’s stock worth $896,000 after buying an additional 183 shares in the last quarter. 84.70% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently issued reports on DORM shares. Roth Mkm reiterated a “buy” rating and issued a $153.00 price objective (up from $126.00) on shares of Dorman Products in a report on Monday, November 4th. StockNews.com lowered Dorman Products from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Four investment analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $125.67.

Dorman Products Stock Performance

NASDAQ:DORM opened at $124.93 on Thursday. The company has a 50-day moving average of $131.03 and a 200-day moving average of $122.33. The firm has a market cap of $3.81 billion, a price-to-earnings ratio of 20.89 and a beta of 0.88. The company has a current ratio of 2.34, a quick ratio of 1.16 and a debt-to-equity ratio of 0.37. Dorman Products, Inc. has a twelve month low of $80.28 and a twelve month high of $146.60.

Insider Activity at Dorman Products

In other news, Director Steven L. Berman sold 8,524 shares of the business’s 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 $101,886,058.26. The trade was a 1.09 % 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, SVP Donna M. Long sold 3,277 shares of the 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 completion of the transaction, the senior vice president now owns 20,126 shares of the company’s stock, valued at $2,712,783.54. This trade represents a 14.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 56,088 shares of company stock valued at $7,524,211 over the last ninety days. Insiders own 10.00% 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.