Millennium Management LLC Lowers Stock Holdings in Dorman Products, Inc. (NASDAQ:DORM)

Millennium Management LLC lessened its holdings in Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 49.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,911 shares of the auto parts company's stock after selling 18,570 shares during the period. Millennium Management LLC owned approximately 0.06% of Dorman Products worth $2,450,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Jones Financial Companies Lllp increased its holdings in Dorman Products by 518.4% during the 4th quarter. Jones Financial Companies Lllp now owns 235 shares of the auto parts company's stock worth $30,000 after purchasing an additional 197 shares during the period. Quent Capital LLC purchased a new stake in shares of Dorman Products during the fourth quarter worth approximately $31,000. CIBC Private Wealth Group LLC raised its holdings in Dorman Products by 163.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 277 shares of the auto parts company's stock valued at $35,000 after acquiring an additional 172 shares in the last quarter. Newbridge Financial Services Group Inc. purchased a new position in Dorman Products in the fourth quarter worth approximately $42,000. Finally, Blue Trust Inc. grew its holdings in Dorman Products by 1,581.0% during the 4th quarter. Blue Trust Inc. now owns 353 shares of the auto parts company's stock worth $46,000 after acquiring an additional 332 shares in the last quarter. Institutional investors and hedge funds own 84.70% of the company's stock.

Insider Transactions at Dorman Products

In other news, SVP Donna M. Long sold 742 shares of Dorman Products 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 transaction, the senior vice president now directly 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 transaction of $380,451.00. Following the sale, the director now owns 8,132 shares of the company's stock, valued at approximately $1,066,837.08. This represents a 26.29% decrease in their position. The disclosure for this sale can be found here. Insiders own 8.90% of the company's stock.

Dorman Products Stock Down 0.4%

Shares of NASDAQ DORM traded down $0.54 during midday trading on Wednesday, hitting $127.03. 6,951 shares of the company's stock were exchanged, compared to its average volume of 185,059. 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, Inc. has a twelve month low of $87.05 and a twelve month high of $146.60. The firm's fifty day simple moving average is $119.98 and its 200-day simple moving average is $126.98. The company has a market cap of $3.88 billion, a PE ratio of 21.26 and a beta of 0.86.

Dorman Products (NASDAQ:DORM - Get Free Report) last posted its earnings results 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. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. The firm had revenue of $507.69 million for the quarter, compared to the consensus estimate of $483.09 million. During the same period last year, the firm posted $1.31 EPS. The company's revenue was up 8.3% on a year-over-year basis. Research analysts predict that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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 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.