State of New Jersey Common Pension Fund D Buys 1,313 Shares of Dorman Products, Inc. (NASDAQ:DORM)

State of New Jersey Common Pension Fund D raised its holdings in shares of Dorman Products, Inc. (NASDAQ:DORM – Get Rating) by 5.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,979 shares of the auto parts company’s stock after purchasing an additional 1,313 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.08% of Dorman Products worth $2,051,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Brinker Capital Investments LLC increased its stake in Dorman Products by 0.7% during the 1st quarter. Brinker Capital Investments LLC now owns 16,762 shares of the auto parts company’s stock valued at $1,593,000 after purchasing an additional 120 shares in the last quarter. Captrust Financial Advisors increased its stake in Dorman Products by 6.2% during the 2nd quarter. Captrust Financial Advisors now owns 2,084 shares of the auto parts company’s stock valued at $229,000 after purchasing an additional 122 shares in the last quarter. FDx Advisors Inc. increased its stake in Dorman Products by 6.9% during the 2nd quarter. FDx Advisors Inc. now owns 2,395 shares of the auto parts company’s stock valued at $263,000 after purchasing an additional 155 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in Dorman Products by 35.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 739 shares of the auto parts company’s stock valued at $60,000 after purchasing an additional 195 shares in the last quarter. Finally, New York State Teachers Retirement System increased its stake in Dorman Products by 0.9% during the 3rd quarter. New York State Teachers Retirement System now owns 23,199 shares of the auto parts company’s stock valued at $1,905,000 after purchasing an additional 200 shares in the last quarter. Institutional investors own 75.21% of the company’s stock.

Insider Buying and Selling

In related news, SVP Eric Luftig purchased 500 shares of the business’s stock in a transaction that occurred on Wednesday, October 26th. The shares were bought at an average cost of $74.90 per share, with a total value of $37,450.00. Following the acquisition, the senior vice president now owns 2,662 shares of the company’s stock, valued at $199,383.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Dorman Products news, SVP Eric Luftig acquired 500 shares of the company’s stock in a transaction on Wednesday, October 26th. The shares were acquired at an average cost of $74.90 per share, with a total value of $37,450.00. Following the completion of the acquisition, the senior vice president now directly owns 2,662 shares in the company, valued at $199,383.80. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John J. Gavin sold 3,177 shares of the stock in a transaction dated Thursday, November 10th. The stock was sold at an average price of $84.69, for a total transaction of $269,060.13. Following the completion of the sale, the director now directly owns 8,051 shares in the company, valued at $681,839.19. The disclosure for this sale can be found here. 10.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

DORM has been the subject of a number of recent research reports. Stephens decreased their price target on shares of Dorman Products from $94.00 to $87.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 25th. MKM Partners reduced their target price on shares of Dorman Products from $123.00 to $118.00 and set a “buy” rating for the company in a research note on Tuesday, October 25th. StockNews.com lowered shares of Dorman Products from a “buy” rating to a “hold” rating in a research note on Wednesday, November 2nd. Finally, Barrington Research reduced their target price on shares of Dorman Products from $120.00 to $104.00 and set an “outperform” rating for the company in a research note on Tuesday, October 25th.

Dorman Products Stock Performance

Shares of NASDAQ:DORM opened at $86.69 on Friday. The company’s 50-day moving average is $85.57 and its 200 day moving average is $91.06. The company has a market capitalization of $2.72 billion, a P/E ratio of 19.93 and a beta of 0.60. Dorman Products, Inc. has a fifty-two week low of $73.32 and a fifty-two week high of $119.04.

Dorman Products (NASDAQ:DORM – Get Rating) last issued its quarterly earnings results on Monday, October 24th. The auto parts company reported $1.17 earnings per share for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.04). The company had revenue of $413.50 million during the quarter, compared to analysts’ expectations of $398.47 million. Dorman Products had a return on equity of 16.43% and a net margin of 8.45%. Dorman Products’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same period last year, the firm posted $1.18 earnings per share. As a group, research analysts predict that Dorman Products, Inc. will post 4.79 earnings per share for the current year.

About Dorman Products

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Dorman Products, Inc supplies replacement parts and fasteners for passenger cars, light trucks, and medium- and heavy-duty trucks in the automotive aftermarket industry worldwide. It offers original equipment dealer products, such as intake and exhaust manifolds, window regulators, radiator fan assemblies, tire pressure monitor sensors, exhaust gas recirculation coolers, and complex electronics modules; fluid reservoirs, variable valve timing components, complex electronics, and integrated door lock actuators; and oil drain plugs, and wheel bolts and lug nuts.