Dorman Products, Inc. (NASDAQ:DORM) Shares Sold by Fiera Capital Corp

Fiera Capital Corp lessened its stake in Dorman Products, Inc. (NASDAQ:DORM) by 1.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 221,790 shares of the auto parts company’s stock after selling 4,262 shares during the period. Fiera Capital Corp owned 0.73% of Dorman Products worth $28,733,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of DORM. State Street Corp grew its position 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 buying an additional 87,780 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Dorman Products by 173.6% during the third quarter. JPMorgan Chase & Co. now owns 133,341 shares of the auto parts company’s stock worth $15,084,000 after purchasing an additional 84,613 shares during the last quarter. Royce & Associates LP boosted its stake in Dorman Products by 17.6% in the 3rd quarter. Royce & Associates LP now owns 523,882 shares of the auto parts company’s stock worth $59,262,000 after buying an additional 78,496 shares during the last quarter. Jennison Associates LLC grew its holdings in Dorman Products by 13.9% in the third quarter. Jennison Associates LLC now owns 454,852 shares of the auto parts company’s stock valued at $51,453,000 after purchasing an additional 55,615 shares during the period. Finally, ArrowMark Colorado Holdings LLC grew its stake in shares of Dorman Products by 33.1% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 153,688 shares of the auto parts company’s stock valued at $17,385,000 after buying an additional 38,188 shares during the period. Institutional investors and hedge funds own 84.70% of the company’s stock.

Analysts Set New Price Targets

DORM has been the subject of several recent research reports. StockNews.com lowered shares of Dorman Products from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Roth Mkm reaffirmed a “buy” rating and set a $153.00 price target (up previously from $126.00) on shares of Dorman Products in a research report on Monday, November 4th. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $125.67.

Insider Buying and Selling

In other news, Director Steven L. Berman sold 8,524 shares of the business’s stock in a transaction dated Wednesday, January 29th. The shares were sold at an average price of $131.79, for a total transaction of $1,123,377.96. Following the transaction, the director now owns 773,094 shares in the company, valued at approximately $101,886,058.26. The trade was a 1.09 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider John Mcknight sold 8,185 shares of the company’s 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 52,811 shares of company stock worth $7,082,504. 10.00% of the stock is currently owned by insiders.

Dorman Products Price Performance

DORM opened at $125.75 on Friday. The stock has a market cap of $3.84 billion, a price-to-earnings ratio of 21.03 and a beta of 0.88. The stock has a fifty day moving average price of $130.76 and a 200 day moving average price of $122.36. Dorman Products, Inc. has a 1 year low of $80.28 and a 1 year high of $146.60. The company has a current ratio of 2.34, a quick ratio of 1.16 and a debt-to-equity ratio of 0.37.

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.