Dorman Products, Inc. (NASDAQ:DORM) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lowered its stake in Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 68.7% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,634 shares of the auto parts company's stock after selling 36,497 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.05% of Dorman Products worth $2,005,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of DORM. Fuller & Thaler Asset Management Inc. purchased a new stake in Dorman Products during the 4th quarter worth about $42,495,000. Norges Bank purchased a new position in shares of Dorman Products during the 4th quarter worth about $41,047,000. Oberweis Asset Management Inc. acquired a new stake in shares of Dorman Products in the fourth quarter worth approximately $23,283,000. Wellington Management Group LLP boosted its position in shares of Dorman Products by 1,136.2% in the fourth quarter. Wellington Management Group LLP now owns 174,717 shares of the auto parts company's stock worth $22,635,000 after acquiring an additional 160,584 shares during the last quarter. Finally, Cercano Management LLC purchased a new stake in Dorman Products in the fourth quarter valued at approximately $16,328,000. Institutional investors and hedge funds own 84.70% of the company's stock.

Dorman Products Trading Down 2.8%

Shares of DORM stock opened at $121.24 on Wednesday. The company has a quick ratio of 1.22, a current ratio of 2.62 and a debt-to-equity ratio of 0.33. The stock has a market cap of $3.70 billion, a price-to-earnings ratio of 17.39 and a beta of 0.87. The firm's 50 day moving average price is $121.68 and its two-hundred day moving average price is $126.13. Dorman Products, Inc. has a fifty-two week low of $87.05 and a fifty-two week high of $146.60.

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

Analyst Upgrades and Downgrades

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

Insider Buying and Selling 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 completion of the transaction, the director now directly owns 8,132 shares in the company, valued at approximately $1,066,837.08. This represents a 26.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 8.90% of the stock is owned by corporate insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.