State of Alaska Department of Revenue Sells 92 Shares of Dorman Products, Inc. (NASDAQ:DORM)

State of Alaska Department of Revenue reduced its holdings in shares of Dorman Products, Inc. (NASDAQ:DORM) by 0.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,435 shares of the auto parts company’s stock after selling 92 shares during the quarter. State of Alaska Department of Revenue owned approximately 0.05% of Dorman Products worth $1,999,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Choreo LLC purchased a new stake in shares of Dorman Products during the 4th quarter valued at $201,000. One Wealth Advisors LLC bought a new position in Dorman Products during the fourth quarter valued at $213,000. Robeco Institutional Asset Management B.V. purchased a new stake in Dorman Products in the fourth quarter worth $1,972,000. KBC Group NV raised its stake in shares of Dorman Products by 35.0% in the fourth quarter. KBC Group NV now owns 1,056 shares of the auto parts company’s stock valued at $137,000 after buying an additional 274 shares during the period. Finally, Flagship Harbor Advisors LLC bought a new stake in shares of Dorman Products in the fourth quarter valued at $287,000. Hedge funds and other institutional investors own 84.70% of the company’s stock.

Insider Buying and Selling at Dorman Products

In other news, SVP Eric Luftig sold 3,278 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $141.19, for a total transaction of $462,820.82. Following the completion of the transaction, the senior vice president now directly owns 5,934 shares in the company, valued at $837,821.46. The trade was a 35.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Donna M. Long sold 3,277 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $134.79, for a total transaction of $441,706.83. Following the completion of the transaction, the senior vice president now directly owns 20,126 shares in the company, valued at approximately $2,712,783.54. The trade was a 14.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 56,088 shares of company stock valued at $7,524,211 in the last quarter. 10.00% of the stock is currently owned by corporate insiders.

Dorman Products Price Performance

Shares of NASDAQ DORM opened at $126.14 on Wednesday. The stock has a fifty day moving average of $131.33 and a 200-day moving average of $122.31. The stock has a market cap of $3.85 billion, a PE ratio of 21.09 and a beta of 0.88. 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.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on DORM shares. StockNews.com lowered Dorman Products from a “strong-buy” rating to a “buy” rating in a report on Tuesday. 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 note on Monday, November 4th. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Dorman Products has an average rating of “Buy” and a consensus target price 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.