Dorman Products, Inc. (NASDAQ:DORM) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Dorman Products, Inc. (NASDAQ:DORM) have earned an average recommendation of “Moderate Buy” from the six research firms that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $180.50.

A number of equities research analysts recently issued reports on DORM shares. Wall Street Zen lowered Dorman Products from a “buy” rating to a “hold” rating in a research note on Friday, January 23rd. Zacks Research downgraded Dorman Products from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 27th. Finally, Weiss Ratings downgraded Dorman Products from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, January 30th.

Insider Transactions at Dorman Products

In other news, SVP Donna M. Long sold 812 shares of the firm’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $123.75, for a total transaction of $100,485.00. Following the transaction, the senior vice president directly owned 17,856 shares of the company’s stock, valued at approximately $2,209,680. This trade represents a 4.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider John Mcknight sold 2,000 shares of Dorman Products stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $128.80, for a total transaction of $257,600.00. Following the sale, the insider directly owned 9,112 shares of the company’s stock, valued at $1,173,625.60. This represents a 18.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 8.90% of the company’s stock.

Hedge Funds Weigh In On Dorman Products

Hedge funds and other institutional investors have recently made changes to their positions in the company. TD Private Client Wealth LLC increased its stake in shares of Dorman Products by 5.9% during the third quarter. TD Private Client Wealth LLC now owns 1,457 shares of the auto parts company’s stock valued at $227,000 after buying an additional 81 shares during the period. Private Trust Co. NA grew its holdings in Dorman Products by 101.2% during the 3rd quarter. Private Trust Co. NA now owns 165 shares of the auto parts company’s stock worth $26,000 after acquiring an additional 83 shares in the last quarter. Nisa Investment Advisors LLC increased its position in Dorman Products by 0.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 9,539 shares of the auto parts company’s stock valued at $1,487,000 after purchasing an additional 86 shares during the period. GAMMA Investing LLC raised its holdings in shares of Dorman Products by 11.6% in the 4th quarter. GAMMA Investing LLC now owns 827 shares of the auto parts company’s stock valued at $102,000 after purchasing an additional 86 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its holdings in shares of Dorman Products by 26.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 417 shares of the auto parts company’s stock valued at $65,000 after purchasing an additional 88 shares in the last quarter. Institutional investors own 84.70% of the company’s stock.

Dorman Products Stock Down 0.4%

Shares of NASDAQ DORM opened at $131.17 on Tuesday. Dorman Products has a 1 year low of $106.95 and a 1 year high of $166.89. The firm has a 50-day simple moving average of $126.61 and a two-hundred day simple moving average of $138.89. The company has a market cap of $4.01 billion, a P/E ratio of 16.34 and a beta of 0.92. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.94 and a quick ratio of 1.19.

Dorman Products Company Profile

Dorman Products, Inc is a leading independent global supplier of automotive aftermarket parts and hardware. Headquartered in Colmar, Pennsylvania, the company specializes in the design, manufacture and distribution of replacement components for passenger cars, light trucks and commercial vehicles. Dorman’s offerings span both mechanical and electrical systems, providing solutions that help repair shops and retailers address wear-out and collision-related failures on domestic and import vehicles.

The company’s extensive product portfolio includes steering and suspension components, brake system parts, engine management and cooling products, exterior and body hardware, and an array of fasteners, clips and brackets.