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

Measured Wealth Private Client Group LLC purchased a new stake in shares of Dorman Products, Inc. (NASDAQ:DORM) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 2,217 shares of the auto parts company’s stock, valued at approximately $287,000.

Several other hedge funds have also recently made changes to their positions in DORM. Intech Investment Management LLC bought a new stake in Dorman Products in the 3rd quarter worth approximately $2,014,000. Flagship Harbor Advisors LLC purchased a new stake in Dorman Products during the fourth quarter valued at $287,000. HighTower Advisors LLC lifted its holdings in Dorman Products by 431.9% in the third quarter. HighTower Advisors LLC now owns 13,850 shares of the auto parts company’s stock valued at $1,563,000 after acquiring an additional 11,246 shares during the period. Oppenheimer Asset Management Inc. boosted its position in Dorman Products by 41.2% in the third quarter. Oppenheimer Asset Management Inc. now owns 13,688 shares of the auto parts company’s stock worth $1,548,000 after purchasing an additional 3,993 shares during the last quarter. Finally, Barclays PLC grew its stake in shares of Dorman Products by 380.7% during the 3rd quarter. Barclays PLC now owns 46,842 shares of the auto parts company’s stock valued at $5,298,000 after purchasing an additional 37,098 shares during the period. 84.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DORM has been the topic of several recent research reports. StockNews.com upgraded shares of Dorman Products from a “buy” rating to a “strong-buy” rating in a research note on Monday. Roth Mkm reaffirmed a “buy” rating and issued a $153.00 price objective (up previously from $126.00) on shares of Dorman Products in a research note on Monday, November 4th. Three equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $125.67.

Dorman Products Price Performance

Shares of NASDAQ:DORM opened at $129.45 on Friday. The firm has a market cap of $3.95 billion, a price-to-earnings ratio of 21.65 and a beta of 0.88. The firm has a fifty day moving average price of $132.12 and a 200 day moving average price of $121.45. Dorman Products, Inc. has a fifty-two week low of $80.28 and a fifty-two week high of $146.60. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 2.34.

Insiders Place Their Bets

In related news, SVP Donna M. Long sold 3,277 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $134.79, for a total transaction of $441,706.83. Following the sale, the senior vice president now 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Steven L. Berman sold 617 shares of the business’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $123.23, for a total transaction of $76,032.91. Following the completion of the sale, the director now owns 832,910 shares in the company, valued at approximately $102,639,499.30. This trade represents a 0.07 % decrease in their ownership of the stock. 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 90 days. 10.00% of the stock is currently owned by corporate insiders.

Dorman Products Profile

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.