WCM Investment Management LLC Cuts Stock Holdings in Dorman Products, Inc. (NASDAQ:DORM)

WCM Investment Management LLC lessened its holdings in Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 29.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 213,741 shares of the auto parts company's stock after selling 88,879 shares during the period. WCM Investment Management LLC owned approximately 0.70% of Dorman Products worth $28,054,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Empowered Funds LLC bought a new stake in shares of Dorman Products during the 4th quarter worth approximately $387,000. Advisors Preferred LLC acquired a new stake in Dorman Products in the 4th quarter worth approximately $1,058,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Dorman Products during the fourth quarter valued at $287,000. Choreo LLC purchased a new position in Dorman Products in the 4th quarter worth $201,000. Finally, One Wealth Advisors LLC acquired a new stake in Dorman Products during the 4th quarter worth about $213,000. 84.70% of the stock is currently owned by institutional investors.

Dorman Products Stock Performance

Dorman Products stock traded down $1.21 during mid-day trading on Wednesday, hitting $124.93. The company had a trading volume of 124,786 shares, compared to its average volume of 183,314. The company's fifty day moving average is $131.03 and its 200-day moving average is $122.33. The company has a current ratio of 2.34, a quick ratio of 1.16 and a debt-to-equity ratio of 0.37. Dorman Products, Inc. has a 12-month low of $80.28 and a 12-month high of $146.60. The company has a market capitalization of $3.81 billion, a price-to-earnings ratio of 20.89 and a beta of 0.88.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Roth Mkm reiterated a "buy" rating and issued a $153.00 target price (up previously from $126.00) on shares of Dorman Products in a research report on Monday, November 4th. StockNews.com lowered shares of Dorman Products from a "strong-buy" rating to a "buy" rating in a research note on Tuesday. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $125.67.

Insiders Place Their Bets

In other Dorman Products news, Director Steven L. Berman sold 8,524 shares of the firm's stock in a transaction on Wednesday, January 29th. The stock was sold at an average price of $131.79, for a total value of $1,123,377.96. Following the completion of the sale, the director now directly owns 773,094 shares of the company's stock, valued at $101,886,058.26. This trade represents a 1.09 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Donna M. Long sold 3,277 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $134.79, for a total value of $441,706.83. Following the transaction, the senior vice president now owns 20,126 shares of the company's stock, valued at approximately $2,712,783.54. This represents a 14.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 56,088 shares of company stock worth $7,524,211. 10.00% of the stock is owned by corporate insiders.

About Dorman Products

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.