Royce & Associates LP Trims Stock Position in Dorman Products, Inc. (NASDAQ:DORM)

Royce & Associates LP cut its stake in shares of Dorman Products, Inc. (NASDAQ:DORM) by 2.7% in the fourth quarter, HoldingsChannel reports. The fund owned 509,952 shares of the auto parts company’s stock after selling 13,930 shares during the period. Dorman Products makes up approximately 0.6% of Royce & Associates LP’s holdings, making the stock its 25th largest holding. Royce & Associates LP’s holdings in Dorman Products were worth $66,064,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. State Street Corp boosted its stake in 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 purchasing an additional 87,780 shares during the period. GW&K Investment Management LLC increased its stake in Dorman Products by 1.5% in 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 during the period. Jennison Associates LLC increased its stake in Dorman Products by 13.9% in the third quarter. Jennison Associates LLC now owns 454,852 shares of the auto parts company’s stock worth $51,453,000 after purchasing an additional 55,615 shares during the period. Charles Schwab Investment Management Inc. increased its stake 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 worth $45,954,000 after purchasing an additional 4,102 shares during the period. Finally, ArrowMark Colorado Holdings LLC increased its stake in shares of Dorman Products by 33.1% during the third quarter. ArrowMark Colorado Holdings LLC now owns 153,688 shares of the auto parts company’s stock valued at $17,385,000 after buying an additional 38,188 shares during the period. 84.70% of the stock is currently owned by institutional investors.

Dorman Products Stock Up 1.8 %

Shares of Dorman Products stock opened at $127.59 on Friday. The firm’s 50 day moving average price is $128.03 and its 200-day moving average price is $125.64. The company has a quick ratio of 1.16, a current ratio of 2.34 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 has a market cap of $3.90 billion, a P/E ratio of 21.34 and a beta of 0.84.

Dorman Products (NASDAQ:DORM) last released its 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. The company had revenue of $533.77 million for the quarter, compared to the consensus estimate of $523.95 million. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. On average, sell-side analysts predict that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Dorman Products from a “strong-buy” rating to a “buy” rating in a research report on Friday.

Insiders Place Their Bets

In related news, Director Steven L. Berman sold 2,633 shares of the business’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $132.52, for a total value of $348,925.16. Following the completion of the transaction, the director now directly owns 833,812 shares in the company, valued at $110,496,766.24. The trade was a 0.31 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 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 completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 42,090 shares of company stock valued at $5,575,927. 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.