KBC Group NV Purchases 274 Shares of Dorman Products, Inc. (NASDAQ:DORM)

KBC Group NV raised its holdings in shares of Dorman Products, Inc. (NASDAQ:DORM) by 35.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,056 shares of the auto parts company’s stock after acquiring an additional 274 shares during the period. KBC Group NV’s holdings in Dorman Products were worth $137,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Intech Investment Management LLC bought a new position in shares of Dorman Products during the 3rd quarter valued at $2,014,000. Flagship Harbor Advisors LLC bought a new position in shares of Dorman Products during the fourth quarter valued at about $287,000. HighTower Advisors LLC increased its holdings in shares of Dorman Products by 431.9% in the third quarter. HighTower Advisors LLC now owns 13,850 shares of the auto parts company’s stock worth $1,563,000 after buying an additional 11,246 shares during the period. Oppenheimer Asset Management Inc. lifted its stake in shares of Dorman Products by 41.2% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 13,688 shares of the auto parts company’s stock valued at $1,548,000 after acquiring an additional 3,993 shares during the last quarter. Finally, Barclays PLC boosted its holdings in Dorman Products by 380.7% during the 3rd quarter. Barclays PLC now owns 46,842 shares of the auto parts company’s stock valued at $5,298,000 after acquiring an additional 37,098 shares during the period. 84.70% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Dorman Products

In other Dorman Products news, insider John Mcknight sold 8,185 shares of the 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 completion of the transaction, the insider now owns 8,902 shares in the company, valued at approximately $1,240,404.68. This represents a 47.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Steven L. Berman sold 8,485 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $136.83, for a total transaction of $1,161,002.55. Following the sale, the director now owns 867,671 shares in the company, valued at approximately $118,723,422.93. This trade represents a 0.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 56,088 shares of company stock worth $7,524,211 over the last quarter. Corporate insiders own 10.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on DORM shares. StockNews.com raised Dorman Products from a “buy” rating to a “strong-buy” rating in a research note on Monday. Roth Mkm reaffirmed a “buy” rating and issued a $153.00 target price (up from $126.00) on shares of Dorman Products in a research note on Monday, November 4th. Three analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $125.67.

Dorman Products Trading Down 0.9 %

NASDAQ DORM opened at $129.45 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 2.34. Dorman Products, Inc. has a fifty-two week low of $80.28 and a fifty-two week high of $146.60. The stock has a market cap of $3.95 billion, a P/E ratio of 21.65 and a beta of 0.88. The stock has a 50 day simple moving average of $132.12 and a two-hundred day simple moving average of $121.45.

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.