Dorman Products, Inc. (NASDAQ:DORM) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. cut its stake in shares of Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 3.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 133,835 shares of the auto parts company's stock after selling 4,654 shares during the period. Principal Financial Group Inc. owned approximately 0.44% of Dorman Products worth $15,139,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in DORM. Farther Finance Advisors LLC increased its stake in shares of 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. Quest Partners LLC purchased a new position in shares of Dorman Products during the 2nd quarter worth approximately $37,000. GAMMA Investing LLC lifted its holdings in shares of Dorman Products by 63.2% in the 3rd quarter. GAMMA Investing LLC now owns 483 shares of the auto parts company's stock valued at $55,000 after buying an additional 187 shares during the period. USA Financial Formulas acquired a new stake in shares of Dorman Products in the 3rd quarter valued at approximately $58,000. Finally, Rothschild Investment LLC purchased a new stake in shares of Dorman Products in the second quarter valued at approximately $66,000. 84.70% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Dorman Products

In other news, SVP Scott Leff sold 5,536 shares of Dorman Products stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $132.66, for a total value of $734,405.76. Following the completion of the sale, the senior vice president now owns 13,336 shares of the company's stock, valued at $1,769,153.76. The trade was a 29.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jeffery Darby sold 2,400 shares of the company's stock in a transaction on Friday, November 1st. The shares were sold at an average price of $124.98, for a total value of $299,952.00. Following the completion of the transaction, the senior vice president now owns 17,471 shares of the company's stock, valued at $2,183,525.58. The trade was a 12.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 59,833 shares of company stock worth $7,050,877. Corporate insiders own 10.00% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have commented on DORM shares. Roth Mkm reissued a "buy" rating and issued a $153.00 target price (up previously from $126.00) on shares of Dorman Products in a report on Monday, November 4th. CJS Securities began coverage on shares of Dorman Products in a report on Friday, September 13th. They issued an "outperform" rating and a $134.00 price target for the company. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $125.67.

Dorman Products Price Performance

Shares of DORM stock traded down $1.23 during trading hours on Friday, hitting $134.73. The company's stock had a trading volume of 173,369 shares, compared to its average volume of 136,626. 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 business has a fifty day moving average of $118.55 and a 200-day moving average of $104.73. Dorman Products, Inc. has a twelve month low of $69.63 and a twelve month high of $146.60. The stock has a market cap of $4.11 billion, a price-to-earnings ratio of 22.53 and a beta of 0.83.

Dorman Products (NASDAQ:DORM - Get Free Report) last announced its earnings results on Thursday, October 31st. The auto parts company reported $1.96 EPS for the quarter, beating analysts' consensus estimates of $1.53 by $0.43. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. The firm had revenue of $503.77 million for the quarter, compared to analysts' expectations of $509.54 million. During the same quarter in the prior year, the firm earned $1.40 EPS. Dorman Products's quarterly revenue was up 3.2% on a year-over-year basis. As a group, equities research analysts anticipate that Dorman Products, Inc. will post 6.9 EPS for the current year.

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.