Dorman Products, Inc. $DORM Shares Acquired by Public Sector Pension Investment Board

Public Sector Pension Investment Board increased its holdings in shares of Dorman Products, Inc. (NASDAQ:DORM) by 6.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 108,377 shares of the auto parts company’s stock after buying an additional 6,201 shares during the quarter. Public Sector Pension Investment Board owned 0.35% of Dorman Products worth $16,894,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in DORM. Caprock Group LLC acquired a new stake in Dorman Products in the third quarter worth about $801,000. Rhumbline Advisers increased its holdings in shares of Dorman Products by 0.6% during the third quarter. Rhumbline Advisers now owns 78,138 shares of the auto parts company’s stock valued at $12,180,000 after acquiring an additional 432 shares in the last quarter. Profund Advisors LLC purchased a new position in shares of Dorman Products in the 3rd quarter valued at approximately $202,000. Linden Thomas Advisory Services LLC boosted its stake in Dorman Products by 4.2% in the 3rd quarter. Linden Thomas Advisory Services LLC now owns 17,563 shares of the auto parts company’s stock worth $2,738,000 after purchasing an additional 703 shares in the last quarter. Finally, Azzad Asset Management Inc. ADV boosted its stake in Dorman Products by 1.9% in the 3rd quarter. Azzad Asset Management Inc. ADV now owns 6,378 shares of the auto parts company’s stock worth $994,000 after purchasing an additional 120 shares in the last quarter. 84.70% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider John Mcknight sold 2,000 shares of the stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $128.80, for a total transaction of $257,600.00. Following the transaction, the insider owned 9,112 shares in the company, valued at $1,173,625.60. This trade represents a 18.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Donna M. Long sold 812 shares of the business’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $123.75, for a total transaction of $100,485.00. Following the completion of the sale, the senior vice president directly owned 17,856 shares of the company’s stock, valued at approximately $2,209,680. The trade was a 4.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 8.90% of the company’s stock.

Dorman Products Trading Down 0.4%

DORM stock opened at $131.17 on Friday. The company’s 50-day simple moving average is $126.48 and its 200-day simple moving average is $138.68. The company has a quick ratio of 1.19, a current ratio of 2.94 and a debt-to-equity ratio of 0.28. Dorman Products, Inc. has a 52-week low of $106.95 and a 52-week high of $166.89. The firm has a market cap of $4.01 billion, a P/E ratio of 16.34 and a beta of 0.92.

Wall Street Analysts Forecast Growth

DORM has been the subject of a number of recent research reports. Zacks Research lowered shares of Dorman Products from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 27th. Wall Street Zen downgraded Dorman Products from a “buy” rating to a “hold” rating in a research report on Friday, January 23rd. Finally, Weiss Ratings lowered Dorman Products from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $180.50.

Dorman Products Company Profile

Dorman Products, Inc is a leading independent global supplier of automotive aftermarket parts and hardware. Headquartered in Colmar, Pennsylvania, the company specializes in the design, manufacture and distribution of replacement components for passenger cars, light trucks and commercial vehicles. Dorman’s offerings span both mechanical and electrical systems, providing solutions that help repair shops and retailers address wear-out and collision-related failures on domestic and import vehicles.

The company’s extensive product portfolio includes steering and suspension components, brake system parts, engine management and cooling products, exterior and body hardware, and an array of fasteners, clips and brackets.