Tributary Capital Management LLC Sells 52,608 Shares of Dorman Products, Inc. (NASDAQ:DORM)

Tributary Capital Management LLC trimmed its stake in Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 25.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 152,905 shares of the auto parts company's stock after selling 52,608 shares during the period. Dorman Products comprises about 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Principal Financial Group Inc. raised its stake in shares of Dorman Products by 2.3% during the first quarter. Principal Financial Group Inc. now owns 141,288 shares of the auto parts company's stock worth $17,031,000 after buying an additional 3,206 shares during the last quarter. Norges Bank acquired a new position in Dorman Products during the fourth quarter worth $41,047,000. LPL Financial LLC lifted its stake in Dorman Products by 216.6% in the fourth quarter. LPL Financial LLC now owns 19,715 shares of the auto parts company's stock valued at $2,555,000 after acquiring an additional 13,487 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in Dorman Products by 21.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 31,242 shares of the auto parts company's stock valued at $4,047,000 after acquiring an additional 5,441 shares during the last quarter. Finally, Zions Bancorporation N.A. acquired a new stake in Dorman Products in the fourth quarter valued at $1,168,000. 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 Dorman Products stock in a transaction that occurred 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 transaction, the director directly owned 8,132 shares of the company's stock, valued at approximately $1,066,837.08. This trade represents a 26.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 8.90% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

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

Dorman Products Trading Up 0.9%

Shares of NASDAQ DORM traded up $1.08 during midday trading on Thursday, reaching $122.40. The stock had a trading volume of 155,222 shares, compared to its average volume of 190,408. The company's 50 day moving average price is $125.90 and its 200 day moving average price is $124.43. The firm has a market cap of $3.73 billion, a price-to-earnings ratio of 17.56 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, Inc. has a twelve month low of $94.87 and a twelve month high of $146.60.

Dorman Products (NASDAQ:DORM - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $507.69 million for the quarter, compared to the consensus estimate of $483.09 million. Dorman Products had a net margin of 10.48% and a return on equity of 19.10%. The business's revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.31 earnings per share. As a group, sell-side analysts expect that Dorman Products, Inc. will post 6.9 EPS for the current year.

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.