Dorman Products (NASDAQ:DORM - Get Free Report) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a note issued to investors on Tuesday.
Separately, Roth Mkm reissued a "buy" rating and set a $153.00 price target (up from $126.00) on shares of Dorman Products in a research report on Monday, November 4th. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $125.67.
View Our Latest Stock Analysis on Dorman Products
Dorman Products Stock Up 0.7 %
Dorman Products stock traded up $0.92 during midday trading on Tuesday, reaching $126.67. The stock had a trading volume of 81,304 shares, compared to its average volume of 177,093. The firm's fifty day simple moving average is $130.52 and its 200-day simple moving average is $122.55. Dorman Products has a 1-year low of $80.28 and a 1-year high of $146.60. The stock has a market capitalization of $3.87 billion, a P/E ratio of 21.18 and a beta of 0.88. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 2.34.
Insider Buying and Selling at Dorman Products
In related news, insider John Mcknight sold 8,185 shares of the company's stock in a transaction dated 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 in the company, valued at approximately $1,240,404.68. This represents a 47.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Eric Luftig sold 3,278 shares of the company's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $141.19, for a total transaction of $462,820.82. Following the completion of the transaction, the senior vice president now owns 5,934 shares in the company, valued at $837,821.46. This trade represents a 35.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 52,811 shares of company stock valued at $7,082,504 in the last quarter. 10.00% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Dorman Products
Hedge funds and other institutional investors have recently made changes to their positions in the business. Jones Financial Companies Lllp raised its position in shares of Dorman Products by 518.4% in the fourth quarter. Jones Financial Companies Lllp now owns 235 shares of the auto parts company's stock valued at $30,000 after buying an additional 197 shares in the last quarter. Quent Capital LLC acquired a new stake in shares of Dorman Products during the 4th quarter worth $31,000. Westside Investment Management Inc. acquired a new stake in shares of Dorman Products during the 3rd quarter worth $29,000. Advisors Asset Management Inc. acquired a new stake in shares of Dorman Products during the 3rd quarter worth $31,000. Finally, CIBC Private Wealth Group LLC grew its holdings in shares of Dorman Products by 163.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 277 shares of the auto parts company's stock worth $35,000 after purchasing an additional 172 shares in the last quarter. 84.70% of the stock is currently owned by institutional investors and hedge funds.
Dorman Products Company Profile
(
Get Free Report)
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.
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