Stephens Inc. AR Sells 685 Shares of Dorman Products, Inc. (NASDAQ:DORM)

Stephens Inc. AR decreased its holdings in shares of Dorman Products, Inc. (NASDAQ:DORM) by 5.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,871 shares of the auto parts company’s stock after selling 685 shares during the quarter. Stephens Inc. AR’s holdings in Dorman Products were worth $1,408,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Empowered Funds LLC bought a new position in Dorman Products during the 4th quarter worth $387,000. Advisors Preferred LLC acquired a new position in shares of Dorman Products in the fourth quarter worth approximately $1,058,000. Measured Wealth Private Client Group LLC bought a new stake in Dorman Products in the fourth quarter valued at approximately $287,000. Choreo LLC bought a new position in Dorman Products during the fourth quarter worth $201,000. Finally, One Wealth Advisors LLC bought a new position in shares of Dorman Products in the 4th quarter worth about $213,000. Institutional investors own 84.70% of the company’s stock.

Insider Activity

In other news, SVP Donna M. Long sold 3,277 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $134.79, for a total value of $441,706.83. Following the transaction, the senior vice president now owns 20,126 shares of the company’s stock, valued at approximately $2,712,783.54. This represents a 14.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Steven L. Berman sold 285 shares of the firm’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $123.50, for a total value of $35,197.50. Following the completion of the sale, the director now directly owns 833,527 shares in the company, valued at approximately $102,940,584.50. The trade was a 0.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 56,088 shares of company stock worth $7,524,211 over the last ninety days. Company insiders own 10.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. StockNews.com downgraded shares of Dorman Products from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. 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 report on Monday, November 4th. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $125.67.

Dorman Products Stock Performance

NASDAQ:DORM opened at $124.93 on Thursday. The company has a market capitalization of $3.81 billion, a P/E ratio of 20.89 and a beta of 0.88. The business has a fifty day simple moving average of $131.03 and a two-hundred day simple moving average of $122.33. Dorman Products, Inc. has a 1 year low of $80.28 and a 1 year high of $146.60. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.34 and a quick ratio of 1.16.

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.