Measured Wealth Private Client Group LLC Purchases New Position in Dorman Products, Inc. (NASDAQ:DORM)

Measured Wealth Private Client Group LLC acquired a new stake in Dorman Products, Inc. (NASDAQ:DORM) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 2,217 shares of the auto parts company’s stock, valued at approximately $287,000.

Several other institutional investors have also recently made changes to their positions in DORM. Westside Investment Management Inc. bought a new position in shares of Dorman Products in the third quarter worth approximately $29,000. Farther Finance Advisors LLC increased its holdings in shares of Dorman Products by 5,460.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 278 shares of the auto parts company’s stock worth $31,000 after buying an additional 273 shares during the last quarter. Advisors Asset Management Inc. bought a new position in shares of Dorman Products in the 3rd quarter worth $31,000. Covestor Ltd raised its position in shares of Dorman Products by 781.4% during the 3rd quarter. Covestor Ltd now owns 379 shares of the auto parts company’s stock valued at $43,000 after buying an additional 336 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Dorman Products by 63.2% during the 3rd quarter. GAMMA Investing LLC now owns 483 shares of the auto parts company’s stock worth $55,000 after acquiring an additional 187 shares during the last quarter. Hedge funds and other institutional investors own 84.70% of the company’s stock.

Insider Buying and Selling

In related news, SVP Donna M. Long sold 3,277 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $134.79, for a total value of $441,706.83. Following the completion of the transaction, the senior vice president now directly owns 20,126 shares of the company’s stock, valued at $2,712,783.54. This represents a 14.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Steven L. Berman sold 8,524 shares of the business’s stock in a transaction on 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 sale, the director now owns 773,094 shares in the company, valued at approximately $101,886,058.26. This trade represents a 1.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 56,088 shares of company stock worth $7,524,211 in the last ninety days. 10.00% of the stock is owned by insiders.

Dorman Products Stock Down 0.9 %

Shares of NASDAQ:DORM opened at $129.45 on Friday. Dorman Products, Inc. has a 12-month low of $80.28 and a 12-month 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. The stock’s 50-day moving average price is $132.12 and its 200-day moving average price is $121.45. The stock has a market capitalization of $3.95 billion, a P/E ratio of 21.65 and a beta of 0.88.

Analysts Set New Price Targets

A number of research firms have weighed in on DORM. StockNews.com upgraded Dorman Products from a “buy” rating to a “strong-buy” rating in a research report on Monday. Roth Mkm restated a “buy” rating and issued a $153.00 target price (up previously from $126.00) on shares of Dorman Products in a research report on Monday, November 4th. Three equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $125.67.

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.