Blue Trust Inc. Boosts Holdings in Dorman Products, Inc. (NASDAQ:DORM)

Blue Trust Inc. lifted its stake in shares of Dorman Products, Inc. (NASDAQ:DORM) by 1,581.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 353 shares of the auto parts company’s stock after acquiring an additional 332 shares during the period. Blue Trust Inc.’s holdings in Dorman Products were worth $46,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. New York State Teachers Retirement System increased its position in Dorman Products by 4.2% during the fourth quarter. New York State Teachers Retirement System now owns 24,641 shares of the auto parts company’s stock worth $3,192,000 after purchasing an additional 982 shares during the last quarter. Quent Capital LLC purchased a new position in shares of Dorman Products in the 4th quarter worth $31,000. Newbridge Financial Services Group Inc. acquired a new position in Dorman Products in the fourth quarter valued at $42,000. Empowered Funds LLC purchased a new stake in Dorman Products during the fourth quarter valued at about $387,000. Finally, Advisors Preferred LLC acquired a new stake in Dorman Products during the fourth quarter worth about $1,058,000. 84.70% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on DORM shares. StockNews.com lowered Dorman Products from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 11th. 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. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $125.67.

Insiders Place Their Bets

In related news, insider John Mcknight sold 8,185 shares of Dorman Products 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 completion of the sale, the insider now owns 8,902 shares in the company, valued at approximately $1,240,404.68. The trade was a 47.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Steven L. Berman sold 8,485 shares of the company’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 completion of the sale, the director now directly owns 867,671 shares in the company, valued at $118,723,422.93. This represents a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 49,533 shares of company stock worth $6,619,683 in the last quarter. 10.00% of the stock is owned by corporate insiders.

Dorman Products Price Performance

DORM stock opened at $124.01 on Thursday. The firm has a market cap of $3.78 billion, a P/E ratio of 20.74 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 1 year low of $86.61 and a 1 year high of $146.60. The stock has a 50-day simple moving average of $128.64 and a 200-day simple moving average of $123.92.

Dorman Products (NASDAQ:DORM) last posted its quarterly earnings data on Wednesday, February 26th. The auto parts company reported $2.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.99 by $0.21. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. On average, equities analysts predict that Dorman Products, Inc. will post 6.9 earnings per share for the current fiscal year.

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.