BNP Paribas Financial Markets Trims Stock Position in Dorman Products, Inc. (NASDAQ:DORM)

BNP Paribas Financial Markets lessened its position in shares of Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 76.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm 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 filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. HighPoint Advisor Group LLC grew its position in shares of Dorman Products by 3.5% during the 4th quarter. HighPoint Advisor Group LLC now owns 2,438 shares of the auto parts company's stock valued at $308,000 after purchasing an additional 83 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in Dorman Products by 1.8% during 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 period. Pitcairn Co. grew its position in Dorman Products by 2.0% during the fourth quarter. Pitcairn Co. now owns 4,490 shares of the auto parts company's stock worth $582,000 after buying an additional 86 shares in the last quarter. Summit Investment Advisors Inc. increased its stake in Dorman Products by 3.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 2,705 shares of the auto parts company's stock worth $350,000 after acquiring an additional 87 shares during the last quarter. Finally, Csenge Advisory Group increased its stake in Dorman Products by 0.5% in the 4th quarter. Csenge Advisory Group now owns 19,298 shares of the auto parts company's stock worth $2,500,000 after acquiring an additional 96 shares during the last quarter. Institutional investors own 84.70% of the company's stock.

Wall Street Analyst Weigh In

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

Insider Activity at Dorman Products

In other Dorman Products news, Director John J. Gavin sold 2,900 shares of the company's stock in a transaction dated 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 directly owns 8,132 shares in the company, valued at $1,066,837.08. This represents a 26.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Donna M. Long sold 742 shares of Dorman Products stock in a transaction dated 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 transaction, the senior vice president now owns 19,894 shares in the company, valued at approximately $2,593,779.72. This represents a 3.60% decrease in their position. The disclosure for this sale can be found here. 8.90% of the stock is owned by insiders.

Dorman Products Price Performance

DORM stock traded up $2.51 during mid-day trading on Tuesday, hitting $127.57. 193,001 shares of the stock were exchanged, compared to its average volume of 184,413. The business has a fifty day moving average price of $119.77 and a 200 day moving average price of $127.28. 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 stock has a market capitalization of $3.89 billion, a price-to-earnings ratio of 21.33 and a beta of 0.86.

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