Royce & Associates LP Decreases Position in Dorman Products, Inc. (NASDAQ:DORM)

Royce & Associates LP cut its holdings in Dorman Products, Inc. (NASDAQ:DORM) by 2.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 509,952 shares of the auto parts company’s stock after selling 13,930 shares during the period. Dorman Products accounts for 0.6% of Royce & Associates LP’s investment portfolio, making the stock its 25th biggest position. Royce & Associates LP owned approximately 1.67% of Dorman Products worth $66,064,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Westside Investment Management Inc. bought a new position in Dorman Products in the 3rd quarter valued at $29,000. Jones Financial Companies Lllp raised its position in Dorman Products by 518.4% in the 4th quarter. Jones Financial Companies Lllp now owns 235 shares of the auto parts company’s stock worth $30,000 after purchasing an additional 197 shares during the period. Advisors Asset Management Inc. purchased a new position in Dorman Products in the 3rd quarter worth $31,000. Quent Capital LLC purchased a new position in Dorman Products in the 4th quarter worth $31,000. Finally, Newbridge Financial Services Group Inc. purchased a new position in shares of Dorman Products in the fourth quarter valued at about $42,000. 84.70% of the stock is owned by institutional investors.

Insider Transactions at Dorman Products

In other Dorman Products news, Director Steven L. Berman sold 2,633 shares of the business’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $132.52, for a total value of $348,925.16. Following the completion of the transaction, the director now owns 833,812 shares of the company’s stock, valued at approximately $110,496,766.24. The trade was a 0.31 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Donna M. Long sold 742 shares of the business’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $130.38, for a total value of $96,741.96. Following the completion of the transaction, the senior vice president now directly owns 19,894 shares of the company’s stock, valued at approximately $2,593,779.72. This trade represents a 3.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 42,090 shares of company stock valued at $5,575,927 in the last quarter. 10.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Dorman Products from a “strong-buy” rating to a “buy” rating in a research note on Friday.

Dorman Products Stock Performance

NASDAQ:DORM opened at $127.59 on Friday. Dorman Products, Inc. has a twelve month low of $86.61 and a twelve month high of $146.60. The stock has a market cap of $3.90 billion, a P/E ratio of 21.34 and a beta of 0.84. The company has a quick ratio of 1.16, a current ratio of 2.34 and a debt-to-equity ratio of 0.37. The firm’s fifty day simple moving average is $128.03 and its 200 day simple moving average is $125.64.

Dorman Products (NASDAQ:DORM) last announced its earnings results on Wednesday, February 26th. The auto parts company reported $2.20 EPS for the quarter, beating analysts’ consensus estimates of $1.99 by $0.21. The firm had revenue of $533.77 million for the quarter, compared to analysts’ expectations of $523.95 million. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. As a group, research analysts predict that Dorman Products, Inc. will post 6.9 EPS for the current year.

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.