Southernsun Asset Management LLC Sells 39,208 Shares of Dorman Products, Inc. (NASDAQ:DORM)

Southernsun Asset Management LLC trimmed its holdings in Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 11.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 301,012 shares of the auto parts company's stock after selling 39,208 shares during the period. Dorman Products comprises about 4.0% of Southernsun Asset Management LLC's holdings, making the stock its 14th largest position. Southernsun Asset Management LLC owned approximately 0.99% of Dorman Products worth $34,050,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DORM. State Street Corp boosted 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 worth $125,374,000 after buying an additional 87,780 shares during the last quarter. Readystate Asset Management LP purchased a new position in Dorman Products in the third quarter valued at about $727,000. Point72 DIFC Ltd bought a new position in shares of Dorman Products during the 3rd quarter valued at approximately $75,000. Integrated Wealth Concepts LLC increased its stake in shares of Dorman Products by 8.9% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 4,257 shares of the auto parts company's stock worth $482,000 after purchasing an additional 349 shares during the last quarter. Finally, HighTower Advisors LLC increased its position in Dorman Products by 431.9% in the third quarter. HighTower Advisors LLC now owns 13,850 shares of the auto parts company's stock worth $1,563,000 after buying an additional 11,246 shares during the last quarter. 84.70% of the stock is owned by institutional investors.

Insider Activity at Dorman Products

In other Dorman Products news, Director Steven L. Berman sold 27,632 shares of the company's stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $115.72, for a total transaction of $3,197,575.04. Following the completion of the transaction, the director now owns 936,024 shares of the company's stock, valued at $108,316,697.28. This represents a 2.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Eric Luftig sold 3,278 shares of Dorman Products stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $141.19, for a total value of $462,820.82. Following the completion of the sale, the senior vice president now owns 5,934 shares in the company, valued at approximately $837,821.46. This represents a 35.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 73,173 shares of company stock worth $8,936,331 in the last three months. 10.00% of the stock is owned by insiders.

Dorman Products Trading Down 1.0 %

Shares of DORM stock traded down $1.39 on Friday, hitting $137.86. 19,794 shares of the company's stock traded hands, compared to its average volume of 136,485. The company's fifty day simple moving average is $125.54 and its 200 day simple moving average is $109.22. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 2.34. Dorman Products, Inc. has a one year low of $74.24 and a one year high of $146.60. The stock has a market capitalization of $4.21 billion, a price-to-earnings ratio of 23.11 and a beta of 0.87.

Dorman Products (NASDAQ:DORM - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.43. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. The business had revenue of $503.77 million for the quarter, compared to analyst estimates of $509.54 million. During the same period last year, the company earned $1.40 EPS. Dorman Products's revenue for the quarter was up 3.2% compared to the same quarter last year. Equities analysts forecast that Dorman Products, Inc. will post 6.9 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Roth Mkm reiterated a "buy" rating and issued a $153.00 target price (up previously from $126.00) on shares of Dorman Products in a research note on Monday, November 4th. CJS Securities began coverage on Dorman Products in a report on Friday, September 13th. They set an "outperform" rating and a $134.00 price objective for the company. Four research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $125.67.

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.