Atria Investments Inc Cuts Position in Dorman Products, Inc. (NASDAQ:DORM)

Atria Investments Inc lessened its stake in Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 38.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,282 shares of the auto parts company's stock after selling 2,008 shares during the quarter. Atria Investments Inc's holdings in Dorman Products were worth $425,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. State Street Corp grew its stake in Dorman Products by 8.6% in the 3rd quarter. State Street Corp now owns 1,108,327 shares of the auto parts company's stock valued at $125,374,000 after acquiring an additional 87,780 shares during the period. JPMorgan Chase & Co. lifted its holdings in Dorman Products by 173.6% during the third quarter. JPMorgan Chase & Co. now owns 133,341 shares of the auto parts company's stock valued at $15,084,000 after purchasing an additional 84,613 shares in the last quarter. Jennison Associates LLC grew its position in shares of Dorman Products by 13.9% in the third quarter. Jennison Associates LLC now owns 454,852 shares of the auto parts company's stock valued at $51,453,000 after purchasing an additional 55,615 shares during the period. ArrowMark Colorado Holdings LLC increased its stake in shares of Dorman Products by 33.1% during the third quarter. ArrowMark Colorado Holdings LLC now owns 153,688 shares of the auto parts company's stock worth $17,385,000 after purchasing an additional 38,188 shares in the last quarter. Finally, Barclays PLC raised its position 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 worth $5,298,000 after purchasing an additional 37,098 shares during the last quarter. Hedge funds and other institutional investors own 84.70% of the company's stock.

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Dorman Products Price Performance

DORM traded down $0.92 on Thursday, reaching $126.52. 98,003 shares of the company's stock were exchanged, compared to its average volume of 146,242. 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 $3.87 billion, a PE ratio of 21.24 and a beta of 0.84. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.34 and a quick ratio of 1.16. The stock's fifty day moving average price is $128.05 and its 200-day moving average price is $125.95.

Dorman Products (NASDAQ:DORM - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The auto parts company reported $2.20 EPS for the quarter, beating the consensus estimate of $1.99 by $0.21. The firm had revenue of $533.77 million during the quarter, compared to analysts' expectations of $523.95 million. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. Sell-side analysts expect that Dorman Products, Inc. will post 6.9 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com downgraded Dorman Products from a "strong-buy" rating to a "buy" rating in a research report on Friday, March 14th.

Insiders Place Their Bets

In other news, Director Steven L. Berman sold 617 shares of the firm's stock in a transaction that occurred on Monday, January 13th. The shares were 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 $102,639,499.30. This trade represents a 0.07 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Donna M. Long sold 742 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The shares were 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 owns 19,894 shares in the company, valued at $2,593,779.72. This represents a 3.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 33,475 shares of company stock valued at $4,397,374 over the last ninety days. 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.