Public Sector Pension Investment Board Sells 3,700 Shares of Dorman Products, Inc. (NASDAQ:DORM)

Public Sector Pension Investment Board decreased its position in shares of Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 6.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 57,702 shares of the auto parts company's stock after selling 3,700 shares during the period. Public Sector Pension Investment Board owned 0.19% of Dorman Products worth $6,527,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of DORM. FMR LLC lifted its stake in Dorman Products by 63.5% in the third quarter. FMR LLC now owns 3,322 shares of the auto parts company's stock valued at $376,000 after acquiring an additional 1,290 shares during the last quarter. Algert Global LLC raised its holdings in shares of Dorman Products by 51.8% during the 3rd quarter. Algert Global LLC now owns 59,438 shares of the auto parts company's stock valued at $6,724,000 after purchasing an additional 20,289 shares in the last quarter. Cerity Partners LLC lifted its stake in shares of Dorman Products by 50.8% in the 3rd quarter. Cerity Partners LLC now owns 27,300 shares of the auto parts company's stock valued at $3,088,000 after purchasing an additional 9,201 shares during the last quarter. Citigroup Inc. boosted its holdings in Dorman Products by 70.9% in the third quarter. Citigroup Inc. now owns 35,697 shares of the auto parts company's stock worth $4,038,000 after purchasing an additional 14,807 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Dorman Products by 1.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 350,615 shares of the auto parts company's stock worth $39,662,000 after buying an additional 3,365 shares during the last quarter. Institutional investors and hedge funds own 84.70% of the company's stock.

Insider Activity at Dorman Products

In related news, SVP Eric Luftig sold 3,278 shares of Dorman Products stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $141.19, for a total transaction of $462,820.82. Following the sale, the senior vice president now directly owns 5,934 shares of the company's stock, valued at $837,821.46. This trade represents a 35.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Steven L. Berman sold 2,669 shares of the company's stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $112.57, for a total value of $300,449.33. Following the completion of the transaction, the director now directly owns 876,156 shares of the company's stock, valued at approximately $98,628,880.92. This trade represents a 0.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 64,988 shares of company stock worth $7,795,833 in the last ninety days. 10.00% of the stock is currently owned by insiders.

Dorman Products Stock Performance

Shares of NASDAQ:DORM traded up $0.18 during midday trading on Friday, hitting $139.98. The company's stock had a trading volume of 60,380 shares, compared to its average volume of 229,501. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 2.34. The stock's 50 day simple moving average is $123.54 and its 200 day simple moving average is $108.02. The stock has a market capitalization of $4.27 billion, a price-to-earnings ratio of 23.41 and a beta of 0.83. Dorman Products, Inc. has a fifty-two week low of $69.77 and a fifty-two week high of $146.60.

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

Analyst Ratings Changes

Several analysts have recently issued reports 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. CJS Securities started coverage on Dorman Products in a report on Friday, September 13th. They set an "outperform" rating and a $134.00 price target on the stock. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price 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.