KBC Group NV Increases Holdings in Dorman Products, Inc. (NASDAQ:DORM)

KBC Group NV raised its stake in Dorman Products, Inc. (NASDAQ:DORM) by 35.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,056 shares of the auto parts company’s stock after acquiring an additional 274 shares during the period. KBC Group NV’s holdings in Dorman Products were worth $137,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Westside Investment Management Inc. purchased a new stake in Dorman Products during the 3rd quarter valued at about $29,000. Farther Finance Advisors LLC lifted its stake in shares of Dorman Products by 5,460.0% in the third 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 in the last quarter. Advisors Asset Management Inc. purchased a new stake in shares of Dorman Products during the third quarter valued at approximately $31,000. Covestor Ltd increased its position in shares of Dorman Products by 781.4% during the third quarter. Covestor Ltd now owns 379 shares of the auto parts company’s stock valued at $43,000 after acquiring an additional 336 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in Dorman Products by 63.2% in 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. 84.70% of the stock is currently owned by institutional investors.

Dorman Products Trading Down 0.9 %

Shares of DORM stock opened at $129.45 on Friday. The stock has a market capitalization of $3.95 billion, a P/E ratio of 21.65 and a beta of 0.88. 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 firm’s 50 day moving average is $132.12 and its 200 day moving average is $121.45. Dorman Products, Inc. has a 12-month low of $80.28 and a 12-month high of $146.60.

Insider Transactions at Dorman Products

In other news, insider John Mcknight sold 8,185 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $139.34, for a total value of $1,140,497.90. Following the transaction, the insider now owns 8,902 shares in the company, valued at $1,240,404.68. This represents a 47.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Steven L. Berman sold 8,524 shares of the firm’s stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of $131.79, for a total transaction of $1,123,377.96. Following the completion of the transaction, the director now directly owns 773,094 shares in the company, valued at approximately $101,886,058.26. The trade was 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. Insiders own 10.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on DORM shares. Roth Mkm reiterated a “buy” rating and set a $153.00 target price (up from $126.00) on shares of Dorman Products in a research note on Monday, November 4th. StockNews.com raised Dorman Products from a “buy” rating to a “strong-buy” rating in a research report on Monday. Three equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Dorman Products has a consensus rating of “Buy” and an average target price of $125.67.

Dorman Products Company 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.