BNP Paribas Financial Markets Has $2.33 Million Stock Holdings in Dorman Products, Inc. (NASDAQ:DORM)

BNP Paribas Financial Markets lessened its position in Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 16.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 20,593 shares of the auto parts company's stock after selling 4,128 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.07% of Dorman Products worth $2,329,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Equitable Trust Co. boosted its position in shares of Dorman Products by 2.2% in the third quarter. Equitable Trust Co. now owns 4,494 shares of the auto parts company's stock worth $508,000 after buying an additional 97 shares during the period. Inspire Advisors LLC grew its stake in Dorman Products by 1.3% during the 2nd quarter. Inspire Advisors LLC now owns 8,679 shares of the auto parts company's stock valued at $794,000 after acquiring an additional 112 shares in the last quarter. Creative Planning increased its holdings in shares of Dorman Products by 3.3% in the 2nd quarter. Creative Planning now owns 4,499 shares of the auto parts company's stock valued at $412,000 after purchasing an additional 144 shares during the period. First Horizon Advisors Inc. lifted its position in shares of Dorman Products by 28.3% in the third quarter. First Horizon Advisors Inc. now owns 662 shares of the auto parts company's stock worth $75,000 after purchasing an additional 146 shares in the last quarter. Finally, Procyon Advisors LLC grew its position in Dorman Products by 7.1% during the third quarter. Procyon Advisors LLC now owns 2,730 shares of the auto parts company's stock valued at $309,000 after purchasing an additional 180 shares in the last quarter. Institutional investors and hedge funds own 84.70% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on DORM shares. CJS Securities started coverage on Dorman Products in a research report on Friday, September 13th. They set an "outperform" rating and a $134.00 price objective for the company. Roth Mkm reiterated a "buy" rating and set a $153.00 price target (up from $126.00) on shares of Dorman Products in a report on Monday, November 4th. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $125.67.

Dorman Products Stock Down 0.6 %

Shares of NASDAQ:DORM traded down $0.78 on Friday, reaching $138.47. The company had a trading volume of 76,829 shares, compared to its average volume of 180,837. 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 stock has a market capitalization of $4.23 billion, a P/E ratio of 23.16 and a beta of 0.87. The stock has a 50-day moving average price of $126.03 and a 200 day moving average price of $109.55. Dorman Products, Inc. has a twelve month low of $74.24 and a twelve month high of $146.60.

Dorman Products (NASDAQ:DORM - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.53 by $0.43. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. The company had revenue of $503.77 million for the quarter, compared to the consensus estimate of $509.54 million. During the same quarter last year, the company posted $1.40 earnings per share. The company's revenue for the quarter was up 3.2% compared to the same quarter last year. On average, equities analysts expect that Dorman Products, Inc. will post 6.9 EPS for the current year.

Insider Transactions at Dorman Products

In other news, SVP Jeffery Darby sold 2,400 shares of the company's stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $118.98, for a total value of $285,552.00. Following the sale, the senior vice president now directly owns 19,871 shares in the company, valued at approximately $2,364,251.58. This represents a 10.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider John Mcknight sold 8,185 shares of the firm's stock in a transaction that occurred on Tuesday, December 3rd. The stock was 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 of the company's stock, valued at $1,240,404.68. This trade represents a 47.90 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 73,173 shares of company stock worth $8,936,331. Company insiders own 10.00% of the company's stock.

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.