Dorman Products, Inc. (NASDAQ:DORM) Shares Sold by Southernsun Asset Management LLC

Southernsun Asset Management LLC cut its stake in shares of Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 15.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 253,345 shares of the auto parts company's stock after selling 47,667 shares during the quarter. Dorman Products comprises approximately 4.1% of Southernsun Asset Management LLC's investment portfolio, making the stock its 14th biggest holding. Southernsun Asset Management LLC owned 0.83% of Dorman Products worth $32,821,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of DORM. Norges Bank acquired a new stake in Dorman Products in the 4th quarter valued at about $41,047,000. Wellington Management Group LLP boosted its position in shares of Dorman Products by 1,136.2% during the 4th quarter. Wellington Management Group LLP now owns 174,717 shares of the auto parts company's stock worth $22,635,000 after purchasing an additional 160,584 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Dorman Products by 889.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 126,180 shares of the auto parts company's stock valued at $16,347,000 after purchasing an additional 113,424 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Dorman Products by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 3,028,728 shares of the auto parts company's stock valued at $392,372,000 after purchasing an additional 91,361 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of 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 buying an additional 84,613 shares during the period. 84.70% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Dorman Products

In related news, Director Steven L. Berman sold 9,238 shares of the business's stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $132.73, for a total transaction of $1,226,159.74. Following the transaction, the director now directly owns 788,688 shares in the company, valued at approximately $104,682,558.24. The trade was a 1.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Donna M. Long sold 742 shares of Dorman Products 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 sale, the senior vice president now 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 have sold 18,504 shares of company stock valued at $2,446,280 over the last ninety days. 10.00% of the stock is owned by corporate insiders.

Dorman Products Stock Performance

Dorman Products stock traded up $2.74 during trading hours on Thursday, reaching $114.20. 197,919 shares of the company were exchanged, compared to its average volume of 174,616. Dorman Products, Inc. has a 12 month low of $86.61 and a 12 month high of $146.60. 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 firm has a market cap of $3.49 billion, a price-to-earnings ratio of 19.10 and a beta of 0.87. The stock has a 50-day moving average of $121.54 and a 200 day moving average of $126.66.

Dorman Products (NASDAQ:DORM - Get Free Report) last released its earnings results 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. The firm had revenue of $533.77 million during the quarter, compared to analyst estimates 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 anticipate that Dorman Products, Inc. will post 6.9 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Dorman Products from a "buy" rating to a "strong-buy" rating in a research note on Friday, April 18th.

About Dorman Products

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.