Bank of New York Mellon Corp Has $24.23 Million Stake in Dorman Products, Inc. (NASDAQ:DORM)

Bank of New York Mellon Corp cut its holdings in shares of Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 2.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 187,045 shares of the auto parts company's stock after selling 3,914 shares during the period. Bank of New York Mellon Corp owned about 0.61% of Dorman Products worth $24,232,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of DORM. Westside Investment Management Inc. acquired a new stake in Dorman Products during the 3rd quarter valued at approximately $29,000. Farther Finance Advisors LLC grew its position in shares of Dorman Products by 5,460.0% during 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. acquired a new stake in Dorman Products in the third quarter valued at $31,000. Quent Capital LLC acquired a new stake in Dorman Products in the fourth quarter valued at $31,000. Finally, Newbridge Financial Services Group Inc. bought a new position in Dorman Products during the 4th quarter valued at $42,000. 84.70% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Dorman Products

In related news, SVP Donna M. Long sold 742 shares of the stock in a transaction dated 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 position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Steven L. Berman sold 8,485 shares of the company's stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $136.83, for a total value of $1,161,002.55. Following the completion of the sale, the director now owns 867,671 shares of the company's stock, valued at $118,723,422.93. This trade represents a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 42,090 shares of company stock worth $5,575,927. 10.00% of the stock is owned by company insiders.

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Dorman Products Stock Performance

DORM traded down $1.37 on Thursday, hitting $125.45. 224,638 shares of the company's stock were exchanged, compared to its average volume of 197,609. 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 stock has a fifty day moving average of $128.14 and a two-hundred day moving average of $125.45. Dorman Products, Inc. has a twelve month low of $86.61 and a twelve month high of $146.60. The firm has a market cap of $3.84 billion, a PE ratio of 20.98 and a beta of 0.84.

Dorman Products (NASDAQ:DORM - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The auto parts company reported $2.20 EPS for the quarter, topping analysts' consensus estimates of $1.99 by $0.21. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. The firm had revenue of $533.77 million during the quarter, compared to the consensus estimate of $523.95 million. On average, research analysts anticipate that Dorman Products, Inc. will post 6.9 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Dorman Products from a "buy" rating to a "strong-buy" rating in a research note on Friday, February 28th.

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.