HighTower Advisors LLC Reduces Position in Dorman Products, Inc. (NASDAQ:DORM)

HighTower Advisors LLC lessened its holdings in Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 84.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,124 shares of the auto parts company's stock after selling 11,726 shares during the quarter. HighTower Advisors LLC's holdings in Dorman Products were worth $275,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. State Street Corp lifted its holdings in shares of 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 buying an additional 87,780 shares during the period. GW&K Investment Management LLC raised its position in Dorman Products by 1.5% during the fourth quarter. GW&K Investment Management LLC now owns 597,000 shares of the auto parts company's stock valued at $77,341,000 after acquiring an additional 8,830 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Dorman Products by 1.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 354,717 shares of the auto parts company's stock worth $45,954,000 after purchasing an additional 4,102 shares in the last quarter. Principal Financial Group Inc. boosted its position in Dorman Products by 3.2% in the 4th quarter. Principal Financial Group Inc. now owns 138,082 shares of the auto parts company's stock worth $17,889,000 after purchasing an additional 4,247 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Dorman Products by 173.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 133,341 shares of the auto parts company's stock worth $15,084,000 after purchasing an additional 84,613 shares during the period. 84.70% of the stock is owned by hedge funds and other institutional investors.

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Dorman Products Price Performance

NASDAQ DORM traded down $2.01 during trading hours on Monday, reaching $113.84. The company's stock had a trading volume of 458,651 shares, compared to its average volume of 162,204. The firm has a market capitalization of $3.48 billion, a price-to-earnings ratio of 19.04 and a beta of 0.87. The company's 50-day moving average is $126.44 and its two-hundred day moving average is $126.95. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.34 and a quick ratio of 1.16. Dorman Products, Inc. has a 1-year low of $86.61 and a 1-year high of $146.60.

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

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Dorman Products

In related news, SVP Donna M. Long sold 742 shares of the company's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $130.38, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Steven L. Berman sold 285 shares of Dorman Products stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $123.50, for a total value of $35,197.50. Following the completion of the sale, the director now owns 833,527 shares in the company, valued at approximately $102,940,584.50. The trade was a 0.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 30,842 shares of company stock valued at $4,048,449 over the last ninety days. Corporate insiders own 10.00% of the company's stock.

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.