WCM Investment Management LLC Sells 11,509 Shares of Dorman Products, Inc. (NASDAQ:DORM)

WCM Investment Management LLC lessened 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 Securities & Exchange Commission. The institutional investor owned 202,232 shares of the auto parts company's stock after selling 11,509 shares during the quarter. WCM Investment Management LLC owned 0.66% of Dorman Products worth $24,411,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake 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 valued at $392,372,000 after buying an additional 91,361 shares during the last quarter. Northern Trust Corp increased its position in shares of Dorman Products by 10.2% in the fourth quarter. Northern Trust Corp now owns 472,721 shares of the auto parts company's stock valued at $61,241,000 after acquiring an additional 43,811 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Dorman Products by 1.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 354,717 shares of the auto parts company's stock valued at $45,954,000 after acquiring an additional 4,102 shares during the last quarter. Fuller & Thaler Asset Management Inc. bought a new stake in Dorman Products during the fourth quarter worth about $42,495,000. Finally, Norges Bank acquired a new position in Dorman Products during the fourth quarter valued at approximately $41,047,000. Institutional investors and hedge funds own 84.70% of the company's stock.

Insider Activity

In related news, Director John J. Gavin sold 2,900 shares of the business's stock in a transaction that occurred 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 transaction, the director directly owned 8,132 shares of the company's stock, valued at approximately $1,066,837.08. The trade was a 26.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.90% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

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

Dorman Products Stock Performance

DORM stock traded up $0.69 during trading hours on Friday, reaching $128.00. The stock had a trading volume of 101,148 shares, compared to its average volume of 190,186. The stock has a market capitalization of $3.91 billion, a PE ratio of 18.36 and a beta of 0.85. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.62 and a quick ratio of 1.22. The stock has a 50-day simple moving average of $124.77 and a 200 day simple moving average of $124.90. 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 earnings results on Monday, May 5th. The auto parts company reported $2.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.48 by $0.54. Dorman Products had a net margin of 10.48% and a return on equity of 19.10%. The company had revenue of $507.69 million for the quarter, compared to analysts' expectations of $483.09 million. During the same period in the prior year, the firm earned $1.31 EPS. Dorman Products's quarterly revenue was up 8.3% compared to the same quarter last year. Analysts predict that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

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.