Dorman Products, Inc. (NASDAQ:DORM) Shares Sold by WCM Investment Management LLC

WCM Investment Management LLC cut its holdings in Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 5.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 202,232 shares of the auto parts company's stock after selling 11,509 shares during the quarter. WCM Investment Management LLC owned about 0.66% of Dorman Products worth $24,411,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. New York State Teachers Retirement System grew its holdings in shares of Dorman Products by 0.4% during the first quarter. New York State Teachers Retirement System now owns 24,741 shares of the auto parts company's stock worth $2,982,000 after buying an additional 100 shares during the last quarter. KBC Group NV grew its stake in shares of Dorman Products by 16.1% in the 1st quarter. KBC Group NV now owns 1,226 shares of the auto parts company's stock valued at $148,000 after purchasing an additional 170 shares during the last quarter. Convergence Financial LLC acquired a new position in shares of Dorman Products in the first quarter valued at approximately $224,000. Robeco Institutional Asset Management B.V. raised its stake in shares of Dorman Products by 134.3% during the first quarter. Robeco Institutional Asset Management B.V. now owns 35,671 shares of the auto parts company's stock worth $4,300,000 after purchasing an additional 20,448 shares during the last quarter. Finally, Yorktown Management & Research Co Inc raised its stake in shares of Dorman Products by 48.6% during the first quarter. Yorktown Management & Research Co Inc now owns 5,500 shares of the auto parts company's stock worth $663,000 after purchasing an additional 1,800 shares during the last quarter. 84.70% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Dorman Products

In other news, Director John J. Gavin sold 2,900 shares of the stock in a transaction dated 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 owned 8,132 shares in the company, valued at $1,066,837.08. This trade represents a 26.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 8.90% of the company's stock.

Dorman Products Stock Performance

NASDAQ:DORM traded up $2.02 during mid-day trading on Wednesday, reaching $127.31. The stock had a trading volume of 262,398 shares, compared to its average volume of 189,268. Dorman Products, Inc. has a twelve month low of $87.05 and a twelve month high of $146.60. The business has a 50 day simple moving average of $123.91 and a 200 day simple moving average of $125.03. The firm has a market capitalization of $3.88 billion, a price-to-earnings ratio of 18.27 and a beta of 0.85. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.22 and a current ratio of 2.62.

Dorman Products (NASDAQ:DORM - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The auto parts company reported $2.02 EPS for the quarter, beating the consensus estimate of $1.48 by $0.54. Dorman Products had a return on equity of 19.10% and a net margin of 10.48%. The business had revenue of $507.69 million during the quarter, compared to analysts' expectations of $483.09 million. During the same period last year, the firm earned $1.31 EPS. The company's quarterly revenue was up 8.3% compared to the same quarter last year. On average, analysts expect 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 shares of Dorman Products from a "buy" rating to a "strong-buy" rating in a research note 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.