Fiera Capital Corp Trims Stock Position in Dorman Products, Inc. (NASDAQ:DORM)

Fiera Capital Corp trimmed its position in Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 1.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 221,790 shares of the auto parts company's stock after selling 4,262 shares during the quarter. Fiera Capital Corp owned about 0.73% of Dorman Products worth $28,733,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Quent Capital LLC purchased a new position in Dorman Products in the fourth quarter worth about $31,000. Newbridge Financial Services Group Inc. bought a new stake in shares of Dorman Products during the fourth quarter valued at approximately $42,000. Empowered Funds LLC bought a new stake in shares of Dorman Products during the fourth quarter valued at approximately $387,000. Advisors Preferred LLC bought a new position in Dorman Products in the fourth quarter worth approximately $1,058,000. Finally, Measured Wealth Private Client Group LLC bought a new position in Dorman Products in the fourth quarter worth approximately $287,000. Hedge funds and other institutional investors own 84.70% of the company's stock.

Dorman Products Stock Performance

DORM traded up $0.92 during midday trading on Monday, hitting $126.67. 81,304 shares of the company were exchanged, compared to its average volume of 189,875. Dorman Products, Inc. has a 1-year low of $80.28 and a 1-year high of $146.60. The company has a current ratio of 2.34, a quick ratio of 1.16 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $3.87 billion, a price-to-earnings ratio of 21.18 and a beta of 0.88. The company's 50 day simple moving average is $130.31 and its 200 day simple moving average is $123.05.

Insider Activity

In related news, Director Steven L. Berman sold 8,524 shares of the firm's stock in a transaction dated Wednesday, January 29th. The shares were sold at an average price of $131.79, for a total value of $1,123,377.96. Following the transaction, the director now directly owns 773,094 shares of the company's stock, valued at approximately $101,886,058.26. This trade represents a 1.09 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider John Mcknight sold 8,185 shares of the firm's stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $139.34, for a total transaction of $1,140,497.90. Following the completion of the transaction, the insider now directly owns 8,902 shares in the company, valued at $1,240,404.68. This represents a 47.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 52,811 shares of company stock worth $7,082,504 in the last ninety days. Company insiders own 10.00% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. 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. StockNews.com lowered Dorman Products from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 11th. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Dorman Products has a consensus rating of "Buy" and a consensus price target 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.