Caprock Group LLC Invests $801,000 in Dorman Products, Inc. $DORM

Caprock Group LLC acquired a new stake in Dorman Products, Inc. (NASDAQ:DORM) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,953 shares of the auto parts company’s stock, valued at approximately $801,000.

A number of other institutional investors have also recently bought and sold shares of DORM. Private Trust Co. NA raised its position in shares of Dorman Products by 101.2% during the 3rd quarter. Private Trust Co. NA now owns 165 shares of the auto parts company’s stock valued at $26,000 after acquiring an additional 83 shares during the last quarter. Salem Investment Counselors Inc. bought a new stake in Dorman Products in the third quarter valued at about $27,000. Salomon & Ludwin LLC bought a new stake in Dorman Products in the third quarter valued at about $29,000. EverSource Wealth Advisors LLC lifted its stake in Dorman Products by 594.1% in the second quarter. EverSource Wealth Advisors LLC now owns 236 shares of the auto parts company’s stock valued at $29,000 after buying an additional 202 shares during the period. Finally, Quent Capital LLC bought a new position in Dorman Products during the third quarter worth about $38,000. Institutional investors and hedge funds own 84.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Wall Street Zen cut Dorman Products from a “buy” rating to a “hold” rating in a research note on Friday, January 23rd. Zacks Research downgraded shares of Dorman Products from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 27th. Finally, Weiss Ratings lowered 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 given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Dorman Products presently has an average rating of “Moderate Buy” and a consensus target price of $180.50.

Insider Transactions at Dorman Products

In other Dorman Products news, insider John Mcknight sold 2,000 shares of the company’s 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 completion of the transaction, the insider owned 9,112 shares of the company’s stock, valued at $1,173,625.60. This represents a 18.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Donna M. Long sold 812 shares of the firm’s stock in a transaction that occurred 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 transaction, the senior vice president directly owned 17,856 shares of the company’s stock, valued at $2,209,680. This represents a 4.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 8.90% of the company’s stock.

Dorman Products Stock Down 0.4%

Dorman Products stock opened at $131.17 on Monday. The company has a 50 day moving average of $126.48 and a 200-day moving average of $138.81. 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 twelve month low of $106.95 and a twelve month high of $166.89. The stock has a market capitalization of $4.01 billion, a PE ratio of 16.34 and a beta of 0.92.

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.