Dorman Products, Inc. (NASDAQ:DORM) Shares Sold by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P decreased its position in shares of Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 2.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 294,355 shares of the auto parts company's stock after selling 8,599 shares during the period. Loomis Sayles & Co. L P owned 0.96% of Dorman Products worth $38,134,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased 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 during the period. State Street Corp raised its holdings in Dorman Products by 8.6% during the third quarter. State Street Corp now owns 1,108,327 shares of the auto parts company's stock worth $125,374,000 after purchasing an additional 87,780 shares in the last quarter. GW&K Investment Management LLC raised its holdings 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 worth $77,341,000 after purchasing an additional 8,830 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Dorman Products by 1.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 354,717 shares of the auto parts company's stock valued at $45,954,000 after purchasing an additional 4,102 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in Dorman Products by 47.3% in the 4th quarter. JPMorgan Chase & Co. now owns 196,415 shares of the auto parts company's stock valued at $25,446,000 after purchasing an additional 63,074 shares in the last quarter. Hedge funds and other institutional investors own 84.70% of the company's stock.

Wall Street Analysts Forecast Growth

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

Dorman Products Price Performance

Shares of DORM stock traded up $1.62 during midday trading on Tuesday, reaching $122.16. 50,980 shares of the company traded hands, compared to its average volume of 157,661. The firm's 50 day simple moving average is $127.69 and its two-hundred day simple moving average is $126.87. The firm has a market cap of $3.74 billion, a PE ratio of 20.45 and a beta of 0.84. 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 released its quarterly earnings data on Wednesday, February 26th. The auto parts company reported $2.20 earnings per share 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%. On average, equities research analysts expect that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Steven L. Berman sold 9,238 shares of the firm's stock in a transaction that occurred 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 transaction, the director now directly owns 788,688 shares of the company's stock, valued at $104,682,558.24. This trade represents a 1.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Donna M. Long sold 742 shares of Dorman Products 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 sale, the senior vice president now owns 19,894 shares of the company's stock, valued at approximately $2,593,779.72. This represents a 3.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 30,842 shares of company stock worth $4,048,449 in the last three months. Corporate insiders own 10.00% of the company's stock.

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.