Loomis Sayles & Co. L P Sells 8,599 Shares of Dorman Products, Inc. (NASDAQ:DORM)

Loomis Sayles & Co. L P cut 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 Form 13F filing with the SEC. The fund owned 294,355 shares of the auto parts company's stock after selling 8,599 shares during the quarter. Loomis Sayles & Co. L P owned approximately 0.96% of Dorman Products worth $38,134,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Dorman Products by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 3,028,728 shares of the auto parts company's stock worth $392,372,000 after buying an additional 91,361 shares during the last quarter. State Street Corp boosted its position in Dorman Products by 8.6% in 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 during the last quarter. JPMorgan Chase & Co. boosted its position in Dorman Products by 173.6% in the third 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 last quarter. ArrowMark Colorado Holdings LLC increased its position in shares of Dorman Products by 33.1% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 153,688 shares of the auto parts company's stock valued at $17,385,000 after purchasing an additional 38,188 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Dorman Products during the 4th quarter worth $4,810,000. 84.70% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

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

Dorman Products Stock Performance

NASDAQ DORM traded up $0.30 on Monday, hitting $121.01. 115,578 shares of the stock traded hands, compared to its average volume of 157,498. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 2.34. The business's fifty day moving average is $127.87 and its two-hundred day moving average is $126.81. Dorman Products, Inc. has a 12 month low of $86.61 and a 12 month high of $146.60. The firm has a market capitalization of $3.70 billion, a price-to-earnings ratio of 20.24 and a beta of 0.84.

Dorman Products (NASDAQ:DORM - Get Free Report) last posted its quarterly 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 company had revenue of $533.77 million during the quarter, compared to the consensus estimate of $523.95 million. As a group, equities analysts anticipate that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

Insider Transactions at Dorman Products

In related 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 value 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 approximately $104,682,558.24. This trade represents a 1.16 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Donna M. Long sold 742 shares of the business's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $130.38, for a total transaction of $96,741.96. Following the sale, the senior vice president now directly owns 19,894 shares in the company, valued at $2,593,779.72. The trade was a 3.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 30,842 shares of company stock worth $4,048,449 over the last quarter. 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.