Dorman Products, Inc. (NASDAQ:DORM) Shares Sold by Bridge City Capital LLC

Bridge City Capital LLC cut its holdings in shares of Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 4.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 49,208 shares of the auto parts company's stock after selling 2,469 shares during the quarter. Dorman Products comprises approximately 1.7% of Bridge City Capital LLC's portfolio, making the stock its 15th biggest holding. Bridge City Capital LLC owned approximately 0.16% of Dorman Products worth $6,375,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in DORM. Jones Financial Companies Lllp boosted its holdings in shares of Dorman Products by 518.4% in the 4th quarter. Jones Financial Companies Lllp now owns 235 shares of the auto parts company's stock valued at $30,000 after purchasing an additional 197 shares during the last quarter. Quent Capital LLC acquired a new position in Dorman Products in the fourth quarter valued at $31,000. Westside Investment Management Inc. acquired a new position in Dorman Products in the third quarter valued at $29,000. Advisors Asset Management Inc. purchased a new stake in Dorman Products during the third quarter valued at about $31,000. Finally, Newbridge Financial Services Group Inc. acquired a new stake in Dorman Products during the fourth quarter worth about $42,000. 84.70% of the stock is owned by institutional investors and hedge funds.

Dorman Products Trading Down 0.6 %

Shares of Dorman Products stock traded down $0.73 during trading hours on Tuesday, hitting $126.00. The company's stock had a trading volume of 156,409 shares, compared to its average volume of 147,608. 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 company has a market capitalization of $3.85 billion, a PE ratio of 21.07 and a beta of 0.84. The business has a fifty day moving average of $128.21 and a 200 day moving average of $126.38. Dorman Products, Inc. has a 1-year low of $86.61 and a 1-year high of $146.60.

Remove Ads

Dorman Products (NASDAQ:DORM - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The auto parts company reported $2.20 earnings per share (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 the consensus estimate of $523.95 million. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. As a group, equities analysts forecast that Dorman Products, Inc. will post 6.9 EPS for the current year.

Insider Buying and Selling

In other news, Director Steven L. Berman sold 617 shares of the firm's stock in a transaction dated Monday, January 13th. The stock was 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 directly owns 832,910 shares in the company, valued at $102,639,499.30. This trade represents a 0.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 owns 19,894 shares in the company, 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. In the last ninety days, insiders have sold 33,475 shares of company stock valued at $4,397,374. Corporate insiders own 10.00% of the company's stock.

Analyst Upgrades and Downgrades

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

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.