T. Rowe Price Investment Management Inc. Trims Position in Dorman Products, Inc. (NASDAQ:DORM)

T. Rowe Price Investment Management Inc. decreased its position in Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 26.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 625,902 shares of the auto parts company's stock after selling 223,008 shares during the period. T. Rowe Price Investment Management Inc. owned about 2.05% of Dorman Products worth $81,086,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of DORM. Westside Investment Management Inc. bought a new position in shares of Dorman Products in the third quarter worth $29,000. Jones Financial Companies Lllp increased its holdings in shares of Dorman Products by 518.4% in the fourth quarter. Jones Financial Companies Lllp now owns 235 shares of the auto parts company's stock worth $30,000 after purchasing an additional 197 shares during the period. Quent Capital LLC bought a new position in shares of Dorman Products in the fourth quarter worth $31,000. CIBC Private Wealth Group LLC increased its holdings in shares of 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 period. Finally, Newbridge Financial Services Group Inc. bought a new position in shares of Dorman Products in the fourth quarter worth $42,000. Hedge funds and other institutional investors own 84.70% of the company's stock.

Dorman Products Price Performance

DORM traded up $1.83 during trading on Thursday, reaching $115.13. The stock had a trading volume of 55,245 shares, compared to its average volume of 177,110. The stock has a market cap of $3.52 billion, a PE ratio of 19.28 and a beta of 0.87. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 2.34. Dorman Products, Inc. has a one year low of $86.77 and a one year high of $146.60. The business has a 50-day moving average of $120.49 and a 200-day moving average of $126.71.

Dorman Products (NASDAQ:DORM - Get Free Report) last released its earnings results on Wednesday, February 26th. The auto parts company reported $2.20 EPS for the quarter, beating analysts' consensus estimates of $1.99 by $0.21. The business had revenue of $533.77 million for the quarter, compared to analysts' expectations of $523.95 million. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. As a group, equities research analysts anticipate that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

Insider Activity at Dorman Products

In other Dorman Products news, SVP Donna M. Long sold 742 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The stock was 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 in the company, valued at approximately $2,593,779.72. The trade was a 3.60 % 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. 8.90% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Dorman Products from a "strong-buy" rating to a "buy" rating in a report on Saturday, April 26th.

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.