Csenge Advisory Group Reduces Holdings in Dorman Products, Inc. (NASDAQ:DORM)

Csenge Advisory Group cut its holdings in shares of Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 14.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,568 shares of the auto parts company's stock after selling 2,730 shares during the quarter. Csenge Advisory Group owned 0.05% of Dorman Products worth $1,842,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in DORM. Raymond James Financial Inc. purchased a new position in shares of Dorman Products in the fourth quarter worth $4,810,000. Commonwealth Equity Services LLC purchased a new position in Dorman Products during the 4th quarter valued at $251,000. Natixis Advisors LLC increased its position in Dorman Products by 4.0% during the 4th quarter. Natixis Advisors LLC now owns 28,570 shares of the auto parts company's stock valued at $3,701,000 after purchasing an additional 1,088 shares during the period. Envestnet Portfolio Solutions Inc. increased its position in Dorman Products by 1.8% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 4,763 shares of the auto parts company's stock valued at $617,000 after purchasing an additional 84 shares during the period. Finally, Cibc World Markets Corp purchased a new position in Dorman Products during the 4th quarter valued at $313,000. 84.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Dorman Products Stock Up 1.1%

Dorman Products stock traded up $1.31 during mid-day trading on Tuesday, reaching $122.76. The stock had a trading volume of 59,591 shares, compared to its average volume of 190,143. The company has a market capitalization of $3.75 billion, a price-to-earnings ratio of 17.65 and a beta of 0.85. The company has a 50-day moving average price of $125.83 and a two-hundred day moving average price of $124.30. Dorman Products, Inc. has a one year low of $94.87 and a one year high of $146.60. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.62 and a quick ratio of 1.22.

Dorman Products (NASDAQ:DORM - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The auto parts company reported $2.02 earnings per share for the quarter, topping the consensus estimate of $1.48 by $0.54. The firm had revenue of $507.69 million for the quarter, compared to analysts' expectations of $483.09 million. Dorman Products had a net margin of 10.48% and a return on equity of 19.10%. The business's quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.31 EPS. On average, analysts expect that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

Insider Transactions at Dorman Products

In related news, Director John J. Gavin sold 2,900 shares of the firm's stock in a transaction on Monday, May 19th. The stock was sold at an average price of $131.19, for a total value of $380,451.00. Following the completion of the sale, the director directly owned 8,132 shares in the company, valued at $1,066,837.08. This trade represents a 26.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.90% of the stock is currently owned by corporate insiders.

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.