Dorman Products, Inc. (NASDAQ:DORM) Shares Sold by Royce & Associates LP

Royce & Associates LP trimmed its position in Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 4.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 486,793 shares of the auto parts company's stock after selling 23,159 shares during the quarter. Dorman Products comprises 0.6% of Royce & Associates LP's holdings, making the stock its 19th largest position. Royce & Associates LP owned approximately 1.59% of Dorman Products worth $58,678,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. CIBC Private Wealth Group LLC raised its position in Dorman Products by 163.8% during 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. TD Private Client Wealth LLC purchased a new position in Dorman Products during the fourth quarter valued at approximately $49,000. USA Financial Formulas raised its position in Dorman Products by 127.6% during the first quarter. USA Financial Formulas now owns 387 shares of the auto parts company's stock valued at $47,000 after acquiring an additional 217 shares in the last quarter. Blue Trust Inc. raised its position in Dorman Products by 42.5% during the first quarter. Blue Trust Inc. now owns 503 shares of the auto parts company's stock valued at $61,000 after acquiring an additional 150 shares in the last quarter. Finally, Covestor Ltd raised its position in Dorman Products by 46.4% during the fourth quarter. Covestor Ltd now owns 555 shares of the auto parts company's stock valued at $72,000 after acquiring an additional 176 shares in the last quarter. 84.70% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related 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 transaction, the director directly owned 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.90% of the stock is owned by corporate insiders.

Dorman Products Price Performance

Shares of Dorman Products stock traded up $0.16 on Monday, reaching $122.21. The company's stock had a trading volume of 225,153 shares, compared to its average volume of 213,518. The company has a market capitalization of $3.73 billion, a P/E ratio of 17.53 and a beta of 0.85. Dorman Products, Inc. has a 52-week low of $94.87 and a 52-week high of $146.60. The stock has a 50-day moving average price of $125.00 and a 200-day moving average price of $124.14. The company has a quick ratio of 1.22, a current ratio of 2.62 and a debt-to-equity ratio of 0.33.

Dorman Products (NASDAQ:DORM - Get Free Report) last posted 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 business had revenue of $507.69 million during the quarter, compared to analysts' expectations of $483.09 million. Dorman Products had a return on equity of 19.10% and a net margin of 10.48%. The business's revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.31 earnings per share. Analysts expect that Dorman Products, Inc. will post 6.9 EPS for the current year.

Analysts Set New Price Targets

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