Robeco Institutional Asset Management B.V. Acquires New Shares in Dorman Products, Inc. (NASDAQ:DORM)

Robeco Institutional Asset Management B.V. purchased a new position in Dorman Products, Inc. (NASDAQ:DORM - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 15,223 shares of the auto parts company's stock, valued at approximately $1,972,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DORM. Fiera Capital Corp purchased a new position in shares of Dorman Products in the 3rd quarter valued at $25,571,000. State Street Corp boosted its stake in Dorman Products by 8.6% in the third quarter. State Street Corp now owns 1,108,327 shares of the auto parts company's stock valued at $125,374,000 after acquiring an additional 87,780 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Dorman Products by 173.6% during the third quarter. JPMorgan Chase & Co. now owns 133,341 shares of the auto parts company's stock worth $15,084,000 after purchasing an additional 84,613 shares during the last quarter. Royce & Associates LP increased its position in shares of Dorman Products by 17.6% during the third quarter. Royce & Associates LP now owns 523,882 shares of the auto parts company's stock worth $59,262,000 after purchasing an additional 78,496 shares in the last quarter. Finally, Jennison Associates LLC lifted its holdings in shares of Dorman Products by 13.9% in the 3rd quarter. Jennison Associates LLC now owns 454,852 shares of the auto parts company's stock valued at $51,453,000 after purchasing an additional 55,615 shares during the last quarter. Institutional investors and hedge funds own 84.70% of the company's stock.

Dorman Products Stock Performance

DORM stock traded down $2.61 during trading on Friday, hitting $126.84. The company had a trading volume of 159,732 shares, compared to its average volume of 189,233. The firm has a 50-day moving average price of $132.12 and a 200-day moving average price of $121.45. The company has a quick ratio of 1.16, a current ratio of 2.34 and a debt-to-equity ratio of 0.37. The firm has a market cap of $3.87 billion, a PE ratio of 21.21 and a beta of 0.88. Dorman Products, Inc. has a 1-year low of $80.28 and a 1-year high of $146.60.

Insider Buying and Selling at Dorman Products

In related news, SVP Donna M. Long sold 3,277 shares of the firm's stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $134.79, for a total value of $441,706.83. Following the completion of the sale, the senior vice president now owns 20,126 shares in the company, valued at $2,712,783.54. This trade represents a 14.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Steven L. Berman sold 617 shares of the business's stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $123.23, for a total value of $76,032.91. Following the transaction, the director now owns 832,910 shares in the company, valued at $102,639,499.30. The trade was a 0.07 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 56,088 shares of company stock worth $7,524,211. 10.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on DORM. StockNews.com upgraded Dorman Products from a "buy" rating to a "strong-buy" rating in a research note on Monday. Roth Mkm restated a "buy" rating and set a $153.00 target price (up from $126.00) on shares of Dorman Products in a research report on Monday, November 4th. Three analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus 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.