Csenge Advisory Group Reduces Stock Position 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 the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,568 shares of the auto parts company's stock after selling 2,730 shares during the period. Csenge Advisory Group owned approximately 0.05% of Dorman Products worth $1,842,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Jennison Associates LLC increased its position in Dorman Products by 32.1% during the first quarter. Jennison Associates LLC now owns 598,642 shares of the auto parts company's stock worth $72,160,000 after buying an additional 145,391 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Dorman Products by 74.1% during the first quarter. Victory Capital Management Inc. now owns 61,317 shares of the auto parts company's stock worth $7,391,000 after purchasing an additional 26,102 shares during the period. Edgestream Partners L.P. acquired a new stake in Dorman Products during the 1st quarter worth approximately $8,191,000. Aurora Investment Counsel lifted its holdings in Dorman Products by 1.1% during the 1st quarter. Aurora Investment Counsel now owns 17,021 shares of the auto parts company's stock worth $2,052,000 after purchasing an additional 181 shares during the last quarter. Finally, New York State Common Retirement Fund lifted its holdings in Dorman Products by 41.8% during the 1st quarter. New York State Common Retirement Fund now owns 101,614 shares of the auto parts company's stock worth $12,249,000 after purchasing an additional 29,943 shares during the last quarter. 84.70% of the stock is currently owned by institutional investors.

Insider Activity at Dorman Products

In other news, Director John J. Gavin sold 2,900 shares of the company's stock in a transaction on Monday, May 19th. The shares were sold at an average price of $131.19, for a total value of $380,451.00. Following the transaction, the director owned 8,132 shares of the company's stock, valued at approximately $1,066,837.08. This represents a 26.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 8.90% of the company's stock.

Analyst Upgrades and Downgrades

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

Dorman Products Price Performance

NASDAQ DORM traded up $0.61 on Wednesday, hitting $122.72. 24,137 shares of the company's stock were exchanged, compared to its average volume of 190,065. Dorman Products, Inc. has a 52 week low of $94.87 and a 52 week high of $146.60. The stock has a market cap of $3.74 billion, a price-to-earnings ratio of 17.60 and a beta of 0.85. The company has a current ratio of 2.62, a quick ratio of 1.22 and a debt-to-equity ratio of 0.33. The stock has a 50-day moving average of $125.48 and a 200-day moving average of $124.23.

Dorman Products (NASDAQ:DORM - Get Free Report) last announced its earnings results on Monday, May 5th. The auto parts company reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.54. The business 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 19.10% and a net margin of 10.48%. Dorman Products's revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period last year, the company earned $1.31 EPS. Analysts expect that Dorman Products, Inc. will post 6.9 earnings per share 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.