Millennium Management LLC Has $2.45 Million Stock Holdings in Dorman Products, Inc. (NASDAQ:DORM)

Millennium Management LLC trimmed its holdings in Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 49.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,911 shares of the auto parts company's stock after selling 18,570 shares during the quarter. Millennium Management LLC owned about 0.06% of Dorman Products worth $2,450,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Dorman Products by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 3,028,728 shares of the auto parts company's stock worth $392,372,000 after buying an additional 91,361 shares in the last quarter. GW&K Investment Management LLC boosted its stake in Dorman Products by 1.5% during the 4th quarter. GW&K Investment Management LLC now owns 597,000 shares of the auto parts company's stock valued at $77,341,000 after purchasing an additional 8,830 shares in the last quarter. Northern Trust Corp boosted its stake in Dorman Products by 10.2% during the 4th quarter. Northern Trust Corp now owns 472,721 shares of the auto parts company's stock valued at $61,241,000 after purchasing an additional 43,811 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Dorman Products by 1.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 354,717 shares of the auto parts company's stock valued at $45,954,000 after purchasing an additional 4,102 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. bought a new position in Dorman Products during the 4th quarter valued at $42,495,000. 84.70% of the stock is owned by institutional investors.

Insider Activity

In other news, Director John J. Gavin sold 2,900 shares of the 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 now 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Donna M. Long sold 742 shares of the stock in a transaction on Thursday, March 6th. The shares were 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. The trade was a 3.60% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 8.90% of the company's stock.

Dorman Products Price Performance

Shares of NASDAQ:DORM traded down $0.27 on Wednesday, reaching $127.30. 176,636 shares of the company traded hands, compared to its average volume of 186,060. Dorman Products, Inc. has a fifty-two week low of $87.05 and a fifty-two week high of $146.60. The company's 50 day moving average is $120.11 and its 200-day moving average is $126.98. The stock has a market capitalization of $3.88 billion, a PE ratio of 21.29 and a beta of 0.86. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.34 and a quick ratio of 1.16.

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

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Dorman Products from a "buy" rating to a "strong-buy" rating in a research note 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.