BNP Paribas Financial Markets Sells 15,823 Shares of Dorman Products, Inc. (NASDAQ:DORM)

BNP Paribas Financial Markets reduced its stake in shares of Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 76.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 4,770 shares of the auto parts company's stock after selling 15,823 shares during the period. BNP Paribas Financial Markets' holdings in Dorman Products were worth $618,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DORM. Barclays PLC boosted its holdings in shares of Dorman Products by 380.7% in the 3rd quarter. Barclays PLC now owns 46,842 shares of the auto parts company's stock worth $5,298,000 after purchasing an additional 37,098 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in Dorman Products in the 4th quarter worth approximately $944,000. Flagship Harbor Advisors LLC purchased a new position in shares of Dorman Products during the fourth quarter worth approximately $287,000. KBC Group NV lifted its holdings in shares of Dorman Products by 35.0% in the 4th quarter. KBC Group NV now owns 1,056 shares of the auto parts company's stock worth $137,000 after acquiring an additional 274 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. purchased a new stake in shares of Dorman Products in the 4th quarter valued at $1,972,000. 84.70% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, SVP Donna M. Long sold 742 shares of the firm's stock in a transaction on Thursday, March 6th. The stock was 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 owns 19,894 shares of the company's stock, valued at $2,593,779.72. This trade 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 through this link. Also, Director John J. Gavin sold 2,900 shares of Dorman Products stock in a transaction on Monday, May 19th. The shares were sold at an average price of $131.19, for a total transaction of $380,451.00. Following the completion of the sale, the director now owns 8,132 shares in the company, valued at approximately $1,066,837.08. This trade represents a 26.29% decrease in their position. The disclosure for this sale can be found here. 8.90% of the stock is owned by insiders.

Dorman Products Trading Up 0.6%

DORM traded up $0.82 on Thursday, hitting $128.07. 138,498 shares of the company were exchanged, compared to its average volume of 184,759. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 2.34. The firm has a fifty day simple moving average of $119.85 and a two-hundred day simple moving average of $127.23. The stock has a market capitalization of $3.91 billion, a PE ratio of 21.42 and a beta of 0.86. Dorman Products, Inc. has a 12 month low of $87.05 and a 12 month high of $146.60.

Dorman Products (NASDAQ:DORM - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The auto parts company reported $2.02 earnings per share for the quarter, beating analysts' consensus estimates of $1.48 by $0.54. The firm had revenue of $507.69 million during the quarter, compared to analyst estimates of $483.09 million. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. The business's quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.31 earnings per share. Sell-side analysts expect that Dorman Products, Inc. will post 6.9 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Dorman Products from a "buy" rating to a "strong-buy" rating in a research report on Friday, May 16th.

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.