Tributary Capital Management LLC Cuts Stock Holdings in Dorman Products, Inc. (NASDAQ:DORM)

Tributary Capital Management LLC trimmed its position in Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 25.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 152,905 shares of the auto parts company's stock after selling 52,608 shares during the period. Dorman Products accounts for 1.6% of Tributary Capital Management LLC's investment portfolio, making the stock its 27th biggest position. Tributary Capital Management LLC owned about 0.50% of Dorman Products worth $18,431,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp lifted its holdings in shares of 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 acquiring an additional 197 shares during the last quarter. CIBC Private Wealth Group LLC lifted its stake 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 worth $35,000 after purchasing an additional 172 shares during the last quarter. USA Financial Formulas lifted its stake in Dorman Products by 127.6% in the first quarter. USA Financial Formulas now owns 387 shares of the auto parts company's stock worth $47,000 after purchasing an additional 217 shares during the last quarter. TD Private Client Wealth LLC bought a new stake in Dorman Products in the fourth quarter worth $49,000. Finally, Blue Trust Inc. lifted its stake in Dorman Products by 42.5% in the first quarter. Blue Trust Inc. now owns 503 shares of the auto parts company's stock worth $61,000 after purchasing an additional 150 shares during the last quarter. 84.70% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Dorman Products news, Director John J. Gavin sold 2,900 shares of the stock in a transaction on Monday, May 19th. The shares were sold at an average price of $131.19, for a total transaction 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 8.90% of the company's stock.

Dorman Products Stock Down 0.9%

Shares of NASDAQ DORM traded down $1.07 during midday trading on Friday, hitting $121.33. The stock had a trading volume of 143,984 shares, compared to its average volume of 190,863. The company has a market cap of $3.70 billion, a P/E ratio of 17.41 and a beta of 0.85. The business's 50 day moving average is $125.83 and its 200-day moving average is $124.30. Dorman Products, Inc. has a 52 week low of $94.87 and a 52 week high of $146.60. 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 announced 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. The business had revenue of $507.69 million during the quarter, compared to analysts' expectations of $483.09 million. Dorman Products had a net margin of 10.48% and a return on equity of 19.10%. The firm's revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.31 earnings per share. As a group, analysts predict that Dorman Products, Inc. will post 6.9 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Dorman Products 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.