SG Americas Securities LLC Decreases Stake in Dorman Products, Inc. (NASDAQ:DORM)

SG Americas Securities LLC reduced its position in shares of Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 69.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,268 shares of the auto parts company's stock after selling 7,383 shares during the quarter. SG Americas Securities LLC's holdings in Dorman Products were worth $423,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Westside Investment Management Inc. bought a new position in shares of Dorman Products in the third quarter valued at about $29,000. Farther Finance Advisors LLC raised its holdings in Dorman Products by 5,460.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 278 shares of the auto parts company's stock valued at $31,000 after acquiring an additional 273 shares during the period. Advisors Asset Management Inc. bought a new position in Dorman Products in the 3rd quarter valued at about $31,000. Covestor Ltd lifted its position in Dorman Products by 781.4% during the third quarter. Covestor Ltd now owns 379 shares of the auto parts company's stock worth $43,000 after acquiring an additional 336 shares during the last quarter. Finally, GAMMA Investing LLC grew 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 valued at $55,000 after purchasing an additional 187 shares during the last quarter. Institutional investors own 84.70% of the company's stock.

Dorman Products Trading Down 0.9 %

NASDAQ DORM traded down $1.20 during mid-day trading on Thursday, reaching $129.45. 145,832 shares of the stock were exchanged, compared to its average volume of 190,464. The stock has a market cap of $3.95 billion, a P/E ratio of 21.65 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. Dorman Products, Inc. has a one year low of $80.28 and a one year high of $146.60. The stock has a 50 day simple moving average of $132.12 and a 200-day simple moving average of $121.45.

Insider Transactions at Dorman Products

In other news, Director Steven L. Berman sold 285 shares of the company's stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $123.50, for a total transaction of $35,197.50. Following the transaction, the director now directly owns 833,527 shares of the company's stock, valued at $102,940,584.50. This represents a 0.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Donna M. Long sold 3,277 shares of the company's stock in a transaction on Friday, November 15th. The stock was sold at an average price of $134.79, for a total transaction of $441,706.83. Following the transaction, the senior vice president now owns 20,126 shares in the company, valued at approximately $2,712,783.54. The trade was a 14.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 56,088 shares of company stock valued at $7,524,211 in the last quarter. 10.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

DORM has been the subject of a number of analyst reports. StockNews.com upgraded shares of Dorman Products from a "buy" rating to a "strong-buy" rating in a research report on Monday. Roth Mkm reaffirmed a "buy" rating and issued a $153.00 price objective (up from $126.00) on shares of Dorman Products in a report on Monday, November 4th. Three research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Dorman Products has an average rating of "Buy" and an average 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.