Dorman Products, Inc. $DORM Shares Sold by Fiera Capital Corp

Fiera Capital Corp reduced its position in Dorman Products, Inc. (NASDAQ:DORM) by 2.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 325,960 shares of the auto parts company’s stock after selling 7,298 shares during the quarter. Fiera Capital Corp owned approximately 1.07% of Dorman Products worth $50,811,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Private Trust Co. NA increased its holdings in Dorman Products by 101.2% during the 3rd quarter. Private Trust Co. NA now owns 165 shares of the auto parts company’s stock worth $26,000 after purchasing an additional 83 shares during the period. Salem Investment Counselors Inc. acquired a new position in shares of Dorman Products during the third quarter worth about $27,000. Salomon & Ludwin LLC purchased a new stake in shares of Dorman Products during the third quarter worth approximately $29,000. EverSource Wealth Advisors LLC raised its holdings 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 acquiring an additional 202 shares in the last quarter. Finally, Richardson Financial Services Inc. lifted its stake in Dorman Products by 134.6% in the third quarter. Richardson Financial Services Inc. now owns 244 shares of the auto parts company’s stock worth $38,000 after acquiring an additional 140 shares during the last quarter. Institutional investors and hedge funds own 84.70% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on DORM. Zacks Research downgraded shares of Dorman Products from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 27th. Weiss Ratings lowered Dorman Products from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, January 30th. Finally, Wall Street Zen downgraded Dorman Products from a “buy” rating to a “hold” rating in a report on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Dorman Products currently has a consensus rating of “Moderate Buy” and an average price target of $180.50.

Insider Buying and Selling

In other Dorman Products news, insider John Mcknight sold 2,000 shares of the firm’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $128.80, for a total transaction of $257,600.00. Following the transaction, the insider directly owned 9,112 shares of the company’s stock, valued at approximately $1,173,625.60. This trade represents a 18.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Donna M. Long sold 812 shares of Dorman Products stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $123.75, for a total transaction of $100,485.00. Following the completion of the transaction, the senior vice president owned 17,856 shares in the company, valued at approximately $2,209,680. This represents a 4.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 8.90% of the company’s stock.

Dorman Products Price Performance

Shares of DORM opened at $127.73 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.94 and a quick ratio of 1.19. Dorman Products, Inc. has a 1-year low of $106.95 and a 1-year high of $166.89. The stock has a market cap of $3.90 billion, a PE ratio of 15.91 and a beta of 0.92. The firm has a fifty day moving average price of $126.76 and a 200 day moving average price of $138.81.

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.