Pembroke Management LTD Trims Stake in Dorman Products, Inc. (NASDAQ:DORM)

Pembroke Management LTD reduced its holdings in shares of Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 33.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 172,806 shares of the auto parts company's stock after selling 87,613 shares during the quarter. Dorman Products makes up about 2.9% of Pembroke Management LTD's holdings, making the stock its 13th largest position. Pembroke Management LTD owned about 0.57% of Dorman Products worth $22,387,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of DORM. Westside Investment Management Inc. bought a new stake in Dorman Products during the third quarter worth $29,000. Farther Finance Advisors LLC lifted 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 worth $31,000 after acquiring an additional 273 shares during the period. Advisors Asset Management Inc. bought a new stake in Dorman Products during the third quarter worth $31,000. Quent Capital LLC bought a new stake in shares of Dorman Products in the fourth quarter valued at $31,000. Finally, Newbridge Financial Services Group Inc. bought a new stake in shares of Dorman Products in the fourth quarter valued at $42,000. 84.70% of the stock is currently owned by institutional investors.

Insider Activity at Dorman Products

In related news, insider John Mcknight sold 8,185 shares of the business's stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $139.34, for a total transaction of $1,140,497.90. Following the sale, the insider now directly owns 8,902 shares in the company, valued at approximately $1,240,404.68. The trade was 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 business's stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $132.73, for a total value of $1,226,159.74. Following the transaction, the director now owns 788,688 shares of the company's stock, 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 three months, insiders have sold 52,811 shares of company stock worth $7,082,504. 10.00% of the stock is owned by company insiders.

Dorman Products Stock Performance

Shares of DORM traded down $2.73 during mid-day trading on Friday, hitting $123.77. The stock had a trading volume of 154,886 shares, compared to its average volume of 172,247. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.34 and a quick ratio of 1.16. Dorman Products, Inc. has a 52 week low of $80.67 and a 52 week high of $146.60. The firm has a market cap of $3.78 billion, a P/E ratio of 20.70 and a beta of 0.88. The business has a fifty day moving average price of $129.21 and a 200-day moving average price of $123.42.

Analysts Set New Price Targets

DORM has been the topic of several research reports. StockNews.com lowered Dorman Products from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 11th. Roth Mkm restated a "buy" rating and issued a $153.00 target price (up from $126.00) on shares of Dorman Products in a research note on Monday, November 4th. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $125.67.

Dorman Products 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.