WCM Investment Management LLC Lowers Stake in Dorman Products, Inc. (NASDAQ:DORM)

WCM Investment Management LLC trimmed its position in Dorman Products, Inc. (NASDAQ:DORM) by 29.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 213,741 shares of the auto parts company’s stock after selling 88,879 shares during the quarter. WCM Investment Management LLC owned 0.70% of Dorman Products worth $28,054,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Flagship Harbor Advisors LLC purchased a new position in Dorman Products in the fourth quarter valued at approximately $287,000. Intech Investment Management LLC purchased a new position in shares of Dorman Products in the 3rd quarter valued at $2,014,000. HighTower Advisors LLC lifted its holdings in shares of Dorman Products by 431.9% during the 3rd quarter. HighTower Advisors LLC now owns 13,850 shares of the auto parts company’s stock valued at $1,563,000 after acquiring an additional 11,246 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its position in Dorman Products by 41.2% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 13,688 shares of the auto parts company’s stock worth $1,548,000 after purchasing an additional 3,993 shares during the period. Finally, Barclays PLC increased its holdings in Dorman Products by 380.7% in the 3rd quarter. Barclays PLC now owns 46,842 shares of the auto parts company’s stock valued at $5,298,000 after purchasing an additional 37,098 shares in the last quarter. 84.70% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Dorman Products

In other Dorman Products 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 transaction, the insider now owns 8,902 shares of the company’s stock, 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 SEC, which is available through this link. Also, Director Steven L. Berman sold 8,485 shares of the business’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 sale, the director now owns 867,671 shares of the company’s stock, valued at approximately $118,723,422.93. The trade was a 0.97 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 56,088 shares of company stock valued at $7,524,211. 10.00% of the stock is currently owned by corporate insiders.

Dorman Products Stock Down 2.0 %

Shares of Dorman Products stock opened at $126.84 on Friday. Dorman Products, Inc. has a 1-year low of $80.28 and a 1-year high of $146.60. The company has a market capitalization of $3.87 billion, a PE ratio of 21.21 and a beta of 0.88. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.34 and a quick ratio of 1.16. The business has a 50-day moving average of $131.86 and a 200-day moving average of $121.77.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Roth Mkm restated a “buy” rating and set a $153.00 price objective (up previously from $126.00) on shares of Dorman Products in a research note on Monday, November 4th. StockNews.com upgraded Dorman Products from a “buy” rating to a “strong-buy” rating in a report on Monday, February 3rd. Three research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Dorman Products presently has an average rating of “Buy” and a consensus price target of $125.67.

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.