Janney Montgomery Scott LLC Takes $944,000 Position in Dorman Products, Inc. (NASDAQ:DORM)

Janney Montgomery Scott LLC bought a new stake in shares of Dorman Products, Inc. (NASDAQ:DORM - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 7,285 shares of the auto parts company's stock, valued at approximately $944,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Westside Investment Management Inc. purchased a new stake in Dorman Products during the third quarter valued at approximately $29,000. Farther Finance Advisors LLC increased its holdings in Dorman Products by 5,460.0% during the third quarter. Farther Finance Advisors LLC now owns 278 shares of the auto parts company's stock valued at $31,000 after buying an additional 273 shares during the last quarter. Advisors Asset Management Inc. bought a new position in shares of Dorman Products in the third quarter worth approximately $31,000. Covestor Ltd boosted its position in shares of Dorman Products by 781.4% in the third quarter. Covestor Ltd now owns 379 shares of the auto parts company's stock worth $43,000 after purchasing an additional 336 shares during the period. Finally, GAMMA Investing LLC boosted its position in shares of 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. 84.70% of the stock is owned by hedge funds and other institutional investors.

Dorman Products Trading Down 2.0 %

Shares of DORM traded down $2.61 during midday trading on Friday, hitting $126.84. The stock had a trading volume of 159,732 shares, 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 firm has a market cap of $3.87 billion, a PE ratio of 21.21 and a beta of 0.88. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.34 and a quick ratio of 1.16. The stock's 50 day moving average is $131.86 and its 200 day moving average is $121.77.

Insider Activity

In related news, Director Steven L. Berman sold 285 shares of the firm's stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $123.50, for a total value of $35,197.50. Following the transaction, the director now owns 833,527 shares of the company's stock, valued at $102,940,584.50. This trade represents a 0.03 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Donna M. Long sold 3,277 shares of the firm's stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $134.79, for a total transaction of $441,706.83. Following the completion of the transaction, the senior vice president now directly owns 20,126 shares in the company, valued at $2,712,783.54. This represents a 14.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 56,088 shares of company stock valued at $7,524,211. 10.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on DORM. StockNews.com upgraded shares of Dorman Products from a "buy" rating to a "strong-buy" rating in a research report on Monday, February 3rd. Roth Mkm reiterated a "buy" rating and issued a $153.00 price target (up from $126.00) on shares of Dorman Products in a research report on Monday, November 4th. Three investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently 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.