Dorman Products, Inc. (NASDAQ:DORM) Shares Sold by Trust Point Inc.

Trust Point Inc. lowered its position in Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 47.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,924 shares of the auto parts company's stock after selling 3,559 shares during the period. Trust Point Inc.'s holdings in Dorman Products were worth $473,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of 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 worth $392,372,000 after acquiring an additional 91,361 shares during the period. GW&K Investment Management LLC grew its holdings in shares of Dorman Products by 1.5% in the 4th quarter. GW&K Investment Management LLC now owns 597,000 shares of the auto parts company's stock worth $77,341,000 after acquiring an additional 8,830 shares during the period. Northern Trust Corp grew its holdings in shares of Dorman Products by 10.2% in the 4th quarter. Northern Trust Corp now owns 472,721 shares of the auto parts company's stock worth $61,241,000 after acquiring an additional 43,811 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Dorman Products by 1.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 354,717 shares of the auto parts company's stock worth $45,954,000 after acquiring an additional 4,102 shares during the period. Finally, Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Dorman Products in the 4th quarter worth approximately $42,495,000. Institutional investors and hedge funds own 84.70% of the company's stock.

Insider Activity at Dorman Products

In other news, Director John J. Gavin sold 2,900 shares of the firm's stock in a transaction 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 sale, the director now owns 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. Corporate insiders own 8.90% of the company's stock.

Dorman Products Price Performance

Dorman Products stock traded up $0.55 during mid-day trading on Wednesday, hitting $121.79. 175,218 shares of the company were exchanged, compared to its average volume of 187,625. Dorman Products, Inc. has a 12-month low of $87.05 and a 12-month high of $146.60. The company has a market capitalization of $3.72 billion, a P/E ratio of 17.47 and a beta of 0.87. The business's 50 day simple moving average is $121.74 and its two-hundred day simple moving average is $126.10. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.62 and a quick ratio of 1.22.

Dorman Products (NASDAQ:DORM - Get Free Report) last posted its quarterly earnings data 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 for the quarter, compared to analyst estimates of $483.09 million. Dorman Products had a return on equity of 19.10% and a net margin of 10.48%. The business's revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.31 earnings per share. Analysts forecast 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 upgraded Dorman Products from a "buy" rating to a "strong-buy" rating in a 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.