Southernsun Asset Management LLC Sells 47,667 Shares of Dorman Products, Inc. (NASDAQ:DORM)

Southernsun Asset Management LLC cut its stake in Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 15.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 253,345 shares of the auto parts company's stock after selling 47,667 shares during the period. Dorman Products comprises approximately 4.1% of Southernsun Asset Management LLC's portfolio, making the stock its 14th largest position. Southernsun Asset Management LLC owned about 0.83% of Dorman Products worth $32,821,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Dorman Products by 3.1% during 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 period. GW&K Investment Management LLC boosted its position in Dorman Products by 1.5% during the fourth quarter. GW&K Investment Management LLC now owns 597,000 shares of the auto parts company's stock valued at $77,341,000 after buying an additional 8,830 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Dorman Products by 1.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 354,717 shares of the auto parts company's stock valued at $45,954,000 after buying an additional 4,102 shares during the period. Norges Bank purchased a new stake in Dorman Products during the fourth quarter valued at about $41,047,000. Finally, JPMorgan Chase & Co. boosted its position in Dorman Products by 47.3% during the fourth quarter. JPMorgan Chase & Co. now owns 196,415 shares of the auto parts company's stock valued at $25,446,000 after buying an additional 63,074 shares during the period. 84.70% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Dorman Products

In related news, SVP Donna M. Long sold 742 shares of the stock in a transaction dated 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 transaction, the senior vice president now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Steven L. Berman sold 9,238 shares of the stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $132.73, for a total transaction of $1,226,159.74. Following the completion of the transaction, the director now directly owns 788,688 shares of the company's stock, valued at approximately $104,682,558.24. The trade was a 1.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,504 shares of company stock worth $2,446,280. Company insiders own 8.90% of the company's stock.

Analyst Upgrades and Downgrades

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

Dorman Products Trading Up 0.2 %

Shares of Dorman Products stock traded up $0.19 during trading on Friday, reaching $114.39. 191,901 shares of the stock were exchanged, compared to its average volume of 175,330. 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 fifty day moving average is $121.29 and its 200 day moving average is $126.93. The firm has a market cap of $3.50 billion, a price-to-earnings ratio of 19.13 and a beta of 0.87. Dorman Products, Inc. has a 1 year low of $86.77 and a 1 year high of $146.60.

Dorman Products (NASDAQ:DORM - Get Free Report) last posted its earnings results on Wednesday, February 26th. The auto parts company reported $2.20 earnings per share for the quarter, topping analysts' consensus estimates of $1.99 by $0.21. The company had revenue of $533.77 million during the quarter, compared to analyst estimates of $523.95 million. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. As a group, equities research analysts expect that Dorman Products, Inc. will post 6.9 earnings per share for the current fiscal year.

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.