Dorman Products, Inc. (NASDAQ:DORM) Shares Sold by Royce & Associates LP

Royce & Associates LP reduced its stake in Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 2.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 509,952 shares of the auto parts company's stock after selling 13,930 shares during the quarter. Dorman Products accounts for 0.6% of Royce & Associates LP's investment portfolio, making the stock its 25th biggest holding. Royce & Associates LP owned about 1.67% of Dorman Products worth $66,064,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of DORM. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Dorman Products by 1.8% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 4,763 shares of the auto parts company's stock worth $617,000 after acquiring an additional 84 shares during the period. Natixis Advisors LLC raised its stake in shares of Dorman Products by 4.0% during the 4th quarter. Natixis Advisors LLC now owns 28,570 shares of the auto parts company's stock worth $3,701,000 after buying an additional 1,088 shares in the last quarter. Commonwealth Equity Services LLC acquired a new stake in shares of Dorman Products in the 4th quarter valued at approximately $251,000. Inspire Advisors LLC lifted its holdings in shares of Dorman Products by 2.7% in the 4th quarter. Inspire Advisors LLC now owns 8,542 shares of the auto parts company's stock valued at $1,107,000 after buying an additional 221 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Dorman Products by 13.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,213 shares of the auto parts company's stock worth $934,000 after acquiring an additional 883 shares during the period. Institutional investors and hedge funds own 84.70% of the company's stock.

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Insiders Place Their Bets

In related news, SVP Donna M. Long sold 742 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $130.38, for a total value of $96,741.96. Following the completion of the sale, the senior vice president now directly owns 19,894 shares in the company, valued at approximately $2,593,779.72. The trade was a 3.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Steven L. Berman sold 285 shares of the stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $123.50, for a total transaction of $35,197.50. Following the transaction, the director now directly owns 833,527 shares in the company, valued at approximately $102,940,584.50. This represents a 0.03 % 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 ninety days. Insiders own 10.00% 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

Dorman Products stock traded down $0.93 during mid-day trading on Thursday, reaching $126.51. The company had a trading volume of 145,735 shares, compared to its average volume of 146,368. The stock's 50-day simple moving average is $128.05 and its 200-day simple moving average is $125.95. The company has a market capitalization of $3.87 billion, a P/E ratio of 21.16 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 results on Wednesday, February 26th. The auto parts company reported $2.20 EPS for the quarter, beating the consensus estimate of $1.99 by $0.21. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. The business had revenue of $533.77 million for the quarter, compared to analyst estimates of $523.95 million. On average, equities analysts predict that Dorman Products, Inc. will post 6.9 EPS for the current year.

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.