Nicholas Company Inc. Sells 3,851 Shares of Dorman Products, Inc. (NASDAQ:DORM)

Nicholas Company Inc. trimmed its stake in Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 4.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 84,729 shares of the auto parts company's stock after selling 3,851 shares during the quarter. Nicholas Company Inc. owned about 0.28% of Dorman Products worth $10,977,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp boosted its position in shares of Dorman Products by 518.4% during the 4th quarter. Jones Financial Companies Lllp now owns 235 shares of the auto parts company's stock worth $30,000 after purchasing an additional 197 shares in the last quarter. Quent Capital LLC bought a new position in Dorman Products in the fourth quarter worth approximately $31,000. Westside Investment Management Inc. acquired a new stake in Dorman Products in the third quarter valued at approximately $29,000. Advisors Asset Management Inc. bought a new stake in shares of Dorman Products during the third quarter valued at approximately $31,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in shares of Dorman Products during the fourth quarter worth approximately $42,000. 84.70% of the stock is owned by institutional investors.

Dorman Products Stock Down 0.7 %

NASDAQ DORM traded down $0.93 during trading hours on Thursday, hitting $126.51. The company's stock had a trading volume of 145,735 shares, compared to its average volume of 146,368. The company has a market capitalization of $3.87 billion, a PE ratio of 21.16 and a beta of 0.84. The company has a current ratio of 2.34, a quick ratio of 1.16 and a debt-to-equity ratio of 0.37. Dorman Products, Inc. has a 52 week low of $86.61 and a 52 week high of $146.60. The company's 50-day simple moving average is $128.05 and its two-hundred day simple moving average is $125.95.

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Dorman Products (NASDAQ:DORM - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The auto parts company reported $2.20 EPS 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 firm had revenue of $533.77 million during the quarter, compared to the consensus estimate of $523.95 million. Research analysts anticipate that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other Dorman Products news, Director Steven L. Berman sold 8,524 shares of the stock in a transaction dated Wednesday, January 29th. The shares were sold at an average price of $131.79, for a total value of $1,123,377.96. Following the completion of the sale, the director now owns 773,094 shares in the company, valued at approximately $101,886,058.26. This trade represents a 1.09 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Donna M. Long sold 742 shares of Dorman Products 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 directly owns 19,894 shares in the company, 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 33,475 shares of company stock valued at $4,397,374 in the last three months. 10.00% of the stock is currently owned by insiders.

Dorman Products Company 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.