Janus Henderson Group PLC Cuts Stake in Dorman Products, Inc. (NASDAQ:DORM)

Janus Henderson Group PLC lessened its holdings in shares of Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 85.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,754 shares of the auto parts company's stock after selling 71,791 shares during the period. Janus Henderson Group PLC's holdings in Dorman Products were worth $1,524,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in DORM. Captrust Financial Advisors lifted its stake in shares of Dorman Products by 4.3% during the fourth quarter. Captrust Financial Advisors now owns 1,903 shares of the auto parts company's stock worth $247,000 after buying an additional 79 shares during the period. HighPoint Advisor Group LLC raised its stake in Dorman Products by 3.5% in the 4th quarter. HighPoint Advisor Group LLC now owns 2,438 shares of the auto parts company's stock worth $308,000 after acquiring an additional 83 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in Dorman Products by 1.8% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 4,763 shares of the auto parts company's stock worth $617,000 after acquiring an additional 84 shares during the period. Pitcairn Co. grew its stake in Dorman Products by 2.0% during the 4th quarter. Pitcairn Co. now owns 4,490 shares of the auto parts company's stock valued at $582,000 after purchasing an additional 86 shares during the last quarter. Finally, Summit Investment Advisors Inc. increased its holdings in shares of Dorman Products by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 2,705 shares of the auto parts company's stock valued at $350,000 after purchasing an additional 87 shares during the period. Hedge funds and other institutional investors own 84.70% of the company's stock.

Insider Buying and Selling at Dorman Products

In other Dorman Products news, Director John J. Gavin sold 2,900 shares of the 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 now owns 8,132 shares in the company, valued at approximately $1,066,837.08. This represents a 26.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Donna M. Long sold 742 shares of the business's stock in a transaction that occurred 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. This trade represents a 3.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.90% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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

Dorman Products Stock Performance

Shares of NASDAQ:DORM traded down $0.37 during midday trading on Wednesday, reaching $127.20. The company's stock had a trading volume of 14,117 shares, compared to its average volume of 183,741. The company has a quick ratio of 1.16, a current ratio of 2.34 and a debt-to-equity ratio of 0.37. The stock has a fifty day moving average of $119.79 and a 200 day moving average of $127.28. Dorman Products, Inc. has a twelve month low of $87.05 and a twelve month high of $146.60. The firm has a market capitalization of $3.88 billion, a PE ratio of 21.27 and a beta of 0.86.

Dorman Products (NASDAQ:DORM - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The auto parts company reported $2.02 earnings per share for the quarter, topping the consensus estimate of $1.48 by $0.54. The company had revenue of $507.69 million for 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 firm's revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period last year, the firm earned $1.31 EPS. On average, equities analysts expect 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.