ArrowMark Colorado Holdings LLC Has $16.32 Million Stock Position in Dorman Products, Inc. (NASDAQ:DORM)

ArrowMark Colorado Holdings LLC reduced its holdings in Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 18.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 125,943 shares of the auto parts company's stock after selling 27,745 shares during the quarter. ArrowMark Colorado Holdings LLC owned about 0.41% of Dorman Products worth $16,316,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in the business. Jones Financial Companies Lllp grew its position in Dorman Products by 518.4% during the 4th quarter. Jones Financial Companies Lllp now owns 235 shares of the auto parts company's stock worth $30,000 after acquiring an additional 197 shares during the last quarter. Quent Capital LLC acquired a new position in shares of Dorman Products during the fourth quarter worth approximately $31,000. CIBC Private Wealth Group LLC increased its stake in shares of Dorman Products by 163.8% in the 4th quarter. CIBC Private Wealth Group LLC now owns 277 shares of the auto parts company's stock valued at $35,000 after buying an additional 172 shares during the period. Newbridge Financial Services Group Inc. acquired a new stake in Dorman Products in the fourth quarter worth about $42,000. Finally, Blue Trust Inc. lifted its position in Dorman Products by 1,581.0% during the 4th quarter. Blue Trust Inc. now owns 353 shares of the auto parts company's stock valued at $46,000 after purchasing an additional 332 shares during the period. 84.70% of the stock is owned by institutional investors.

Insider Transactions at Dorman Products

In related news, 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 transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 8.90% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Dorman Products from a "buy" rating to a "strong-buy" rating in a research report on Monday.

Dorman Products Stock Up 1.6 %

Shares of NASDAQ:DORM traded up $2.00 during mid-day trading on Thursday, reaching $125.96. 95,407 shares of the stock were exchanged, compared to its average volume of 181,291. Dorman Products, Inc. has a one year low of $87.05 and a one year high of $146.60. The company has a quick ratio of 1.16, a current ratio of 2.34 and a debt-to-equity ratio of 0.37. The stock's 50 day simple moving average is $119.69 and its 200-day simple moving average is $126.76. The company has a market cap of $3.85 billion, a P/E ratio of 21.06 and a beta of 0.86.

Dorman Products (NASDAQ:DORM - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The auto parts company reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.54. The firm had revenue of $507.69 million for the quarter, compared to analyst estimates of $483.09 million. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. The company's revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.31 EPS. As a group, equities research 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.