Dorman Products, Inc. (NASDAQ:DORM) Shares Sold by WCM Investment Management LLC

WCM Investment Management LLC lowered its position in shares of Dorman Products, Inc. (NASDAQ:DORM) by 29.4% in the 4th quarter, according to its most recent disclosure 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’s holdings in Dorman Products were worth $28,054,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Westside Investment Management Inc. bought a new position in Dorman Products in the 3rd quarter worth about $29,000. Farther Finance Advisors LLC grew 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 worth $31,000 after buying an additional 273 shares in the last quarter. Advisors Asset Management Inc. acquired a new stake in Dorman Products in the 3rd quarter valued at approximately $31,000. Covestor Ltd raised its stake in Dorman Products by 781.4% during the 3rd quarter. Covestor Ltd now owns 379 shares of the auto parts company’s stock valued at $43,000 after acquiring an additional 336 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in Dorman Products by 63.2% during the 3rd quarter. GAMMA Investing LLC now owns 483 shares of the auto parts company’s stock worth $55,000 after acquiring an additional 187 shares during the period. Institutional investors and hedge funds own 84.70% of the company’s stock.

Insider Buying and Selling

In related news, insider John Mcknight sold 8,185 shares of Dorman Products stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $139.34, for a total value of $1,140,497.90. Following the transaction, the insider now directly owns 8,902 shares in the company, valued at $1,240,404.68. The trade was a 47.90 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Steven L. Berman sold 8,524 shares of the company’s stock in a transaction on Wednesday, January 29th. The shares were sold at an average price of $131.79, for a total value of $1,123,377.96. Following the sale, the director now directly owns 773,094 shares of the company’s stock, valued at approximately $101,886,058.26. This represents a 1.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 56,088 shares of company stock worth $7,524,211 in the last ninety days. 10.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Roth Mkm reissued a “buy” rating and set a $153.00 price target (up from $126.00) on shares of Dorman Products in a report on Monday, November 4th. StockNews.com raised shares of Dorman Products from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 3rd. Three analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Dorman Products has a consensus rating of “Buy” and an average target price of $125.67.

Dorman Products Price Performance

Shares of Dorman Products stock opened at $126.84 on Friday. Dorman Products, Inc. has a 52 week low of $80.28 and a 52 week high of $146.60. 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 stock has a market cap of $3.87 billion, a PE ratio of 21.21 and a beta of 0.88. The company’s 50-day moving average price is $131.86 and its two-hundred day moving average price is $121.77.

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.