Thrivent Financial for Lutherans Sells 4,796 Shares of Dorman Products, Inc. $DORM

Thrivent Financial for Lutherans lowered its position in Dorman Products, Inc. (NASDAQ:DORM) by 15.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,420 shares of the auto parts company’s stock after selling 4,796 shares during the period. Thrivent Financial for Lutherans owned about 0.08% of Dorman Products worth $3,962,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. TD Private Client Wealth LLC grew its position in Dorman Products by 5.9% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,457 shares of the auto parts company’s stock worth $227,000 after purchasing an additional 81 shares in the last quarter. Private Trust Co. NA boosted its stake in shares of Dorman Products by 101.2% in the 3rd quarter. Private Trust Co. NA now owns 165 shares of the auto parts company’s stock worth $26,000 after buying an additional 83 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Dorman Products by 0.9% in the third quarter. Nisa Investment Advisors LLC now owns 9,539 shares of the auto parts company’s stock valued at $1,487,000 after acquiring an additional 86 shares in the last quarter. New York State Teachers Retirement System increased its position in shares of Dorman Products by 0.4% during the second quarter. New York State Teachers Retirement System now owns 24,835 shares of the auto parts company’s stock valued at $3,047,000 after acquiring an additional 94 shares during the last quarter. Finally, Corient Private Wealth LLC lifted its holdings in Dorman Products by 2.6% during the second quarter. Corient Private Wealth LLC now owns 3,842 shares of the auto parts company’s stock worth $471,000 after acquiring an additional 99 shares during the period. 84.70% of the stock is owned by institutional investors.

Insider Buying and Selling at Dorman Products

In related news, insider John Mcknight sold 2,000 shares of the business’s stock in a transaction 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 sale, the insider directly owned 9,112 shares in the company, valued at approximately $1,173,625.60. The trade was a 18.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Donna M. Long sold 812 shares of the firm’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $123.75, for a total value of $100,485.00. Following the completion of the transaction, the senior vice president owned 17,856 shares of the company’s stock, valued at approximately $2,209,680. This represents a 4.35% decrease in their position. The SEC filing for this sale provides additional information. 8.90% of the stock is currently owned by insiders.

Dorman Products Price Performance

Shares of NASDAQ:DORM opened at $130.10 on Friday. The firm has a market capitalization of $3.98 billion, a PE ratio of 16.20 and a beta of 0.92. The company has a quick ratio of 1.19, a current ratio of 2.94 and a debt-to-equity ratio of 0.28. The company has a 50-day moving average price of $126.17 and a two-hundred day moving average price of $138.36. Dorman Products, Inc. has a twelve month low of $106.95 and a twelve month high of $166.89.

Wall Street Analysts Forecast Growth

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