Centiva Capital LP Decreases Position in Dorman Products, Inc. (NASDAQ:DORM)

Centiva Capital LP decreased its holdings in shares of Dorman Products, Inc. (NASDAQ:DORM) by 32.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,914 shares of the auto parts company’s stock after selling 1,390 shares during the quarter. Centiva Capital LP’s holdings in Dorman Products were worth $378,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Captrust Financial Advisors lifted its stake in Dorman Products by 4.3% in the fourth quarter. Captrust Financial Advisors now owns 1,903 shares of the auto parts company’s stock valued at $247,000 after buying an additional 79 shares during the last quarter. HighPoint Advisor Group LLC lifted its stake in Dorman Products by 3.5% in the fourth quarter. HighPoint Advisor Group LLC now owns 2,438 shares of the auto parts company’s stock valued at $308,000 after buying an additional 83 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in Dorman Products by 1.8% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 4,763 shares of the auto parts company’s stock valued at $617,000 after buying an additional 84 shares during the last quarter. Pitcairn Co. lifted its stake in Dorman Products by 2.0% in the fourth quarter. Pitcairn Co. now owns 4,490 shares of the auto parts company’s stock valued at $582,000 after buying an additional 86 shares during the last quarter. Finally, Summit Investment Advisors Inc. lifted its stake in Dorman Products by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 2,705 shares of the auto parts company’s stock valued at $350,000 after buying an additional 87 shares during the last quarter. Hedge funds and other institutional investors own 84.70% of the company’s stock.

Insider Buying and Selling

In related news, SVP Donna M. Long sold 742 shares of the company’s stock in a transaction 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 owns 19,894 shares of the company’s stock, valued at $2,593,779.72. This represents a 3.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 8.90% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Separately, StockNews.com upgraded Dorman Products from a “buy” rating to a “strong-buy” rating in a research note on Monday, May 5th.

Dorman Products Price Performance

Dorman Products stock opened at $124.54 on Monday. Dorman Products, Inc. has a 12 month low of $87.05 and a 12 month high of $146.60. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.34 and a quick ratio of 1.16. The business has a 50 day simple moving average of $119.45 and a 200-day simple moving average of $127.06. The stock has a market capitalization of $3.80 billion, a PE ratio of 20.83 and a beta of 0.86.

Dorman Products (NASDAQ:DORM) last released its quarterly earnings results on Monday, May 5th. The auto parts company reported $2.02 EPS for the quarter, topping the consensus estimate of $1.48 by $0.54. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. The business had revenue of $507.69 million during the quarter, compared to analysts’ expectations of $483.09 million. During the same quarter in the prior year, the business earned $1.31 earnings per share. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. Equities analysts predict that Dorman Products, Inc. will post 6.9 earnings per share 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.