Empowered Funds LLC Buys Shares of 2,987 Dorman Products, Inc. (NASDAQ:DORM)

Empowered Funds LLC bought a new stake in shares of Dorman Products, Inc. (NASDAQ:DORM) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 2,987 shares of the auto parts company’s stock, valued at approximately $387,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Westside Investment Management Inc. bought a new stake in Dorman Products during the 3rd quarter valued at $29,000. Advisors Asset Management Inc. bought a new stake in Dorman Products during the 3rd quarter valued at $31,000. Farther Finance Advisors LLC raised its stake in Dorman Products by 5,460.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 278 shares of the auto parts company’s stock valued at $31,000 after acquiring an additional 273 shares in the last quarter. Covestor Ltd raised its stake in Dorman Products by 781.4% during the 3rd quarter. Covestor Ltd now owns 379 shares of the auto parts company’s stock valued at $43,000 after acquiring an additional 336 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its position in shares of Dorman Products by 28.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 662 shares of the auto parts company’s stock valued at $75,000 after purchasing an additional 146 shares during the period. Institutional investors own 84.70% of the company’s stock.

Insider Buying and Selling

In other news, insider John Mcknight sold 8,185 shares of Dorman Products stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $139.34, for a total transaction of $1,140,497.90. Following the transaction, 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 SEC, which can be accessed through the SEC website. Also, Director Steven L. Berman sold 617 shares of Dorman Products stock in a transaction on Monday, January 13th. The shares were sold at an average price of $123.23, for a total value of $76,032.91. Following the transaction, the director now owns 832,910 shares in the company, valued at $102,639,499.30. This represents a 0.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 52,811 shares of company stock worth $7,082,504 in the last three months. 10.00% of the stock is currently owned by insiders.

Dorman Products Stock Down 0.7 %

Shares of DORM stock opened at $126.14 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 2.34. The stock has a market cap of $3.85 billion, a PE ratio of 21.09 and a beta of 0.88. The business’s fifty day moving average is $129.75 and its 200-day moving average is $123.24. Dorman Products, Inc. has a 1 year low of $80.28 and a 1 year high of $146.60.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Roth Mkm reiterated 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 cut Dorman Products from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 11th. Four analysts have rated the stock with a buy rating, According to data from MarketBeat, Dorman Products currently 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.