Dorman Products, Inc. (NASDAQ:DORM) Shares Sold by Granite Investment Partners LLC

Granite Investment Partners LLC reduced its stake in Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 28.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,309 shares of the auto parts company's stock after selling 12,136 shares during the period. Granite Investment Partners LLC owned 0.10% of Dorman Products worth $3,927,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of DORM. Covestor Ltd increased its holdings in Dorman Products by 46.4% during the 4th quarter. Covestor Ltd now owns 555 shares of the auto parts company's stock worth $72,000 after purchasing an additional 176 shares during the period. CenterBook Partners LP lifted its position in Dorman Products by 59.6% during the fourth quarter. CenterBook Partners LP now owns 17,291 shares of the auto parts company's stock valued at $2,240,000 after acquiring an additional 6,455 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Dorman Products in the fourth quarter valued at approximately $4,810,000. Renaissance Technologies LLC increased its position in Dorman Products by 1.4% during the 4th quarter. Renaissance Technologies LLC now owns 29,100 shares of the auto parts company's stock valued at $3,770,000 after buying an additional 400 shares in the last quarter. Finally, Bank of Montreal Can boosted its holdings in Dorman Products by 12.5% in the fourth quarter. Bank of Montreal Can now owns 3,534 shares of the auto parts company's stock worth $458,000 after acquiring an additional 394 shares in the last quarter. 84.70% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, SVP Donna M. Long sold 742 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $130.38, for a total transaction of $96,741.96. Following the transaction, the senior vice president now owns 19,894 shares in the company, valued at $2,593,779.72. This trade represents a 3.60 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Steven L. Berman sold 9,238 shares of Dorman Products stock in a transaction on 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 completion of the sale, the director now directly owns 788,688 shares in the company, valued at $104,682,558.24. This represents a 1.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 24,679 shares of company stock valued at $3,253,409 in the last three months. 10.00% of the stock is currently owned by corporate insiders.

Dorman Products Stock Performance

Shares of NASDAQ:DORM traded down $0.49 during midday trading on Friday, reaching $111.18. The company's stock had a trading volume of 274,598 shares, compared to its average volume of 172,684. The firm has a market capitalization of $3.40 billion, a PE ratio of 18.59 and a beta of 0.87. The stock has a fifty day moving average of $122.73 and a 200 day moving average of $126.63. Dorman Products, Inc. has a twelve month low of $86.61 and a twelve month high of $146.60. The company has a quick ratio of 1.16, a current ratio of 2.34 and a debt-to-equity ratio of 0.37.

Dorman Products (NASDAQ:DORM - Get Free Report) last issued its quarterly earnings data 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 business 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%. On average, equities analysts expect that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Dorman Products from a "buy" rating to a "strong-buy" rating in a report on Friday.

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.