Principal Financial Group Inc. Has $17.89 Million Holdings in Dorman Products, Inc. (NASDAQ:DORM)

Principal Financial Group Inc. boosted its position in shares of Dorman Products, Inc. (NASDAQ:DORM) by 3.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 138,082 shares of the auto parts company’s stock after buying an additional 4,247 shares during the period. Principal Financial Group Inc. owned approximately 0.45% of Dorman Products worth $17,889,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Fiera Capital Corp acquired a new stake in shares of Dorman Products during the 3rd quarter worth approximately $25,571,000. State Street Corp lifted its stake in Dorman Products by 8.6% during the third quarter. State Street Corp now owns 1,108,327 shares of the auto parts company’s stock worth $125,374,000 after purchasing an additional 87,780 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Dorman Products by 173.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 133,341 shares of the auto parts company’s stock valued at $15,084,000 after purchasing an additional 84,613 shares in the last quarter. Royce & Associates LP increased its stake in shares of Dorman Products by 17.6% in the 3rd quarter. Royce & Associates LP now owns 523,882 shares of the auto parts company’s stock valued at $59,262,000 after purchasing an additional 78,496 shares during the last quarter. Finally, Jennison Associates LLC raised its holdings in shares of Dorman Products by 13.9% during the 3rd quarter. Jennison Associates LLC now owns 454,852 shares of the auto parts company’s stock worth $51,453,000 after buying an additional 55,615 shares in the last quarter. 84.70% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Roth Mkm reaffirmed a “buy” rating and issued a $153.00 price objective (up from $126.00) on shares of Dorman Products in a research note on Monday, November 4th. StockNews.com downgraded shares of Dorman Products from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 11th. Four analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $125.67.

Insider Activity

In other Dorman Products news, Director Steven L. Berman sold 8,524 shares of the company’s stock in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $131.79, for a total value of $1,123,377.96. Following the completion of the transaction, the director now directly owns 773,094 shares in the company, valued at approximately $101,886,058.26. This represents a 1.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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. This trade represents a 47.90 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 49,533 shares of company stock valued at $6,619,683. 10.00% of the stock is currently owned by corporate insiders.

Dorman Products Trading Down 0.4 %

Shares of DORM stock opened at $123.04 on Tuesday. Dorman Products, Inc. has a twelve month low of $81.24 and a twelve month high of $146.60. The stock’s fifty day simple moving average is $128.93 and its 200 day simple moving average is $123.78. The company has a quick ratio of 1.16, a current ratio of 2.34 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $3.75 billion, a P/E ratio of 20.58 and a beta of 0.88.

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.