Stephens Inc. AR Reduces Position in Dorman Products, Inc. (NASDAQ:DORM)

Stephens Inc. AR trimmed its position in Dorman Products, Inc. (NASDAQ:DORM) by 5.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 10,871 shares of the auto parts company’s stock after selling 685 shares during the period. Stephens Inc. AR’s holdings in Dorman Products were worth $1,408,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fiera Capital Corp purchased a new position in Dorman Products during the 3rd quarter valued at about $25,571,000. State Street Corp raised its holdings in shares of Dorman Products by 8.6% during 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. lifted its stake in Dorman Products by 173.6% in the third quarter. JPMorgan Chase & Co. now owns 133,341 shares of the auto parts company’s stock worth $15,084,000 after acquiring an additional 84,613 shares during the period. Royce & Associates LP boosted its holdings in Dorman Products by 17.6% in the third quarter. Royce & Associates LP now owns 523,882 shares of the auto parts company’s stock valued at $59,262,000 after acquiring an additional 78,496 shares in the last quarter. Finally, Jennison Associates LLC increased its position in Dorman Products by 13.9% during 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 period. 84.70% of the stock is currently owned by institutional investors.

Dorman Products Stock Performance

Dorman Products stock opened at $124.93 on Thursday. The stock’s 50 day moving average is $131.03 and its 200 day moving average is $122.33. The company has a market capitalization of $3.81 billion, a P/E ratio of 20.89 and a beta of 0.88. Dorman Products, Inc. has a twelve month low of $80.28 and a twelve month high of $146.60. The company has a quick ratio of 1.16, a current ratio of 2.34 and a debt-to-equity ratio of 0.37.

Insiders Place Their Bets

In other news, insider John Mcknight sold 8,185 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $139.34, for a total transaction of $1,140,497.90. Following the completion of the transaction, the insider now directly owns 8,902 shares of the company’s stock, valued at $1,240,404.68. The trade was a 47.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Steven L. Berman sold 8,524 shares of the firm’s stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of $131.79, for a total transaction of $1,123,377.96. Following the completion of the sale, the director now owns 773,094 shares in the company, valued at $101,886,058.26. This represents a 1.09 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 56,088 shares of company stock valued at $7,524,211. Corporate insiders own 10.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on DORM shares. StockNews.com cut shares of Dorman Products from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Roth Mkm restated 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. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Dorman Products currently has a consensus 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.