Empowered Funds LLC Invests $387,000 in Dorman Products, Inc. (NASDAQ:DORM)

Empowered Funds LLC acquired a new position in Dorman Products, Inc. (NASDAQ:DORM - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,987 shares of the auto parts company's stock, valued at approximately $387,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Flagship Harbor Advisors LLC purchased a new stake in shares of Dorman Products during the fourth quarter worth about $287,000. Intech Investment Management LLC purchased a new stake in Dorman Products during the 3rd quarter worth approximately $2,014,000. HighTower Advisors LLC grew its position in Dorman Products by 431.9% during the 3rd quarter. HighTower Advisors LLC now owns 13,850 shares of the auto parts company's stock worth $1,563,000 after purchasing an additional 11,246 shares during the last quarter. Oppenheimer Asset Management Inc. increased its stake in 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 purchasing an additional 3,993 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC purchased a new position in shares of Dorman Products in the fourth quarter worth $287,000. 84.70% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider John Mcknight sold 8,185 shares of the company's stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $139.34, for a total value of $1,140,497.90. Following the completion of the transaction, the insider now owns 8,902 shares of the company's stock, valued at approximately $1,240,404.68. This represents a 47.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Steven L. Berman sold 9,238 shares of the firm's stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $132.73, for a total value of $1,226,159.74. Following the completion of the sale, the director now directly owns 788,688 shares in the company, valued at approximately $104,682,558.24. The trade was a 1.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 52,811 shares of company stock worth $7,082,504. Corporate insiders own 10.00% of the company's stock.

Analyst Ratings Changes

Several analysts have weighed in on DORM shares. Roth Mkm reiterated a "buy" rating and set a $153.00 price target (up previously from $126.00) on shares of Dorman Products in a research note on Monday, November 4th. StockNews.com downgraded shares of Dorman Products from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 11th. Four research analysts have rated the stock with a buy rating, According to MarketBeat, Dorman Products has a consensus rating of "Buy" and a consensus target price of $125.67.

Dorman Products Stock Performance

Shares of DORM traded down $2.73 during mid-day trading on Friday, reaching $123.77. The company had a trading volume of 154,886 shares, compared to its average volume of 153,966. The stock has a market capitalization of $3.78 billion, a P/E ratio of 20.70 and a beta of 0.88. Dorman Products, Inc. has a 52-week low of $80.67 and a 52-week high of $146.60. The stock has a 50 day moving average of $129.21 and a two-hundred day moving average of $123.42. 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 Company Profile

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.