Dorman Products, Inc. (NASDAQ:DORM) Shares Sold by Southernsun Asset Management LLC

Southernsun Asset Management LLC cut its holdings in shares of Dorman Products, Inc. (NASDAQ:DORM) by 15.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 253,345 shares of the auto parts company’s stock after selling 47,667 shares during the period. Dorman Products accounts for approximately 4.1% of Southernsun Asset Management LLC’s investment portfolio, making the stock its 14th biggest holding. Southernsun Asset Management LLC owned about 0.83% of Dorman Products worth $32,821,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new position in Dorman Products in the 4th quarter worth $41,047,000. Wellington Management Group LLP lifted its holdings in shares of Dorman Products by 1,136.2% during the fourth quarter. Wellington Management Group LLP now owns 174,717 shares of the auto parts company’s stock worth $22,635,000 after purchasing an additional 160,584 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in Dorman Products by 889.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 126,180 shares of the auto parts company’s stock valued at $16,347,000 after buying an additional 113,424 shares during the last quarter. Vanguard Group Inc. boosted its position in Dorman Products by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 3,028,728 shares of the auto parts company’s stock valued at $392,372,000 after buying an additional 91,361 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in Dorman Products by 173.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 133,341 shares of the auto parts company’s stock worth $15,084,000 after buying an additional 84,613 shares during the last quarter. Hedge funds and other institutional investors own 84.70% of the company’s stock.

Insiders Place Their Bets

In related news, Director Steven L. Berman sold 9,238 shares of the company’s stock in a transaction dated Monday, January 27th. The stock was 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 owns 788,688 shares of the company’s stock, valued at approximately $104,682,558.24. This represents a 1.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Donna M. Long sold 742 shares of the firm’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 disclosure for this sale can be found here. Over the last quarter, insiders sold 21,137 shares of company stock worth $2,790,044. Company insiders own 10.00% of the company’s stock.

Analyst Upgrades and Downgrades

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

Dorman Products Stock Performance

Shares of DORM stock opened at $108.29 on Tuesday. The stock has a market cap of $3.31 billion, a PE ratio of 18.11 and a beta of 0.87. Dorman Products, Inc. has a 52-week low of $86.61 and a 52-week high of $146.60. The business has a 50-day simple moving average of $122.40 and a 200-day simple moving average of $126.85. 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 (NASDAQ:DORM) last issued its quarterly earnings data on Wednesday, February 26th. The auto parts company reported $2.20 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $523.95 million. On average, equities analysts expect that Dorman Products, Inc. will post 6.9 EPS for the current year.

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.