New York State Teachers Retirement System Buys 982 Shares of Dorman Products, Inc. (NASDAQ:DORM)

New York State Teachers Retirement System lifted its holdings in Dorman Products, Inc. (NASDAQ:DORM) by 4.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,641 shares of the auto parts company’s stock after purchasing an additional 982 shares during the quarter. New York State Teachers Retirement System owned 0.08% of Dorman Products worth $3,192,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Quent Capital LLC bought a new stake in shares of Dorman Products in the fourth quarter worth $31,000. Westside Investment Management Inc. bought a new stake in shares of Dorman Products in the third quarter worth $29,000. Advisors Asset Management Inc. bought a new stake in shares of Dorman Products in the third quarter worth $31,000. Farther Finance Advisors LLC lifted its position in shares of Dorman Products by 5,460.0% in the third quarter. Farther Finance Advisors LLC now owns 278 shares of the auto parts company’s stock worth $31,000 after purchasing an additional 273 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. bought a new stake in shares of Dorman Products in the fourth quarter worth $42,000. Institutional investors own 84.70% of the company’s stock.

Dorman Products Stock Performance

NASDAQ DORM opened at $123.77 on Friday. 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 firm’s fifty day moving average price is $129.21 and its two-hundred day moving average price is $123.42. Dorman Products, Inc. has a 1 year low of $80.67 and a 1 year high of $146.60. The firm has a market capitalization of $3.78 billion, a P/E ratio of 20.70 and a beta of 0.88.

Insider Buying and Selling at Dorman Products

In other Dorman Products news, insider John Mcknight sold 8,185 shares of the company’s stock in a transaction on Tuesday, December 3rd. The shares were 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Eric Luftig sold 3,278 shares of the company’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 owns 5,934 shares in the company, valued at approximately $837,821.46. This represents a 35.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 52,811 shares of company stock worth $7,082,504 over the last ninety days. Insiders own 10.00% of the company’s stock.

Analyst Upgrades and Downgrades

DORM has been the topic of several analyst reports. Roth Mkm reaffirmed a “buy” rating and set a $153.00 price target (up from $126.00) on shares of Dorman Products in a research report on Monday, November 4th. StockNews.com lowered shares of Dorman Products from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 11th. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus 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.