State of Tennessee Department of Treasury Cuts Stock Holdings in Dorman Products, Inc. (NASDAQ:DORM)

State of Tennessee Department of Treasury cut its stake in Dorman Products, Inc. (NASDAQ:DORM) by 17.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,644 shares of the auto parts company’s stock after selling 3,404 shares during the period. State of Tennessee Department of Treasury owned approximately 0.05% of Dorman Products worth $2,027,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Westside Investment Management Inc. purchased a new stake in Dorman Products during the third quarter worth $29,000. Jones Financial Companies Lllp increased its stake in Dorman Products by 518.4% in the fourth quarter. Jones Financial Companies Lllp now owns 235 shares of the auto parts company’s stock valued at $30,000 after purchasing an additional 197 shares during the last quarter. Quent Capital LLC acquired a new position in Dorman Products in the fourth quarter valued at $31,000. CIBC Private Wealth Group LLC increased 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 valued at $35,000 after purchasing an additional 172 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new stake in Dorman Products during the fourth quarter worth about $42,000. 84.70% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Dorman Products

In other Dorman Products news, SVP Donna M. Long sold 742 shares of the business’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $130.38, for a total transaction of $96,741.96. Following the completion of the sale, the senior vice president now owns 19,894 shares in the company, valued at $2,593,779.72. The trade was a 3.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Steven L. Berman sold 8,524 shares of the business’s stock in a transaction on Wednesday, January 29th. The shares were sold at an average price of $131.79, for a total transaction of $1,123,377.96. Following the transaction, the director now directly owns 773,094 shares of the company’s stock, valued at approximately $101,886,058.26. This trade represents a 1.09 % decrease in their position. The disclosure for this sale can be found here. 8.90% of the stock is owned by insiders.

Dorman Products Price Performance

Shares of NASDAQ DORM opened at $111.31 on Tuesday. The company has a market capitalization of $3.40 billion, a price-to-earnings ratio of 18.61 and a beta of 0.87. Dorman Products, Inc. has a 1-year low of $86.77 and a 1-year high of $146.60. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.34 and a quick ratio of 1.16. The business has a 50-day moving average of $120.99 and a 200-day moving average of $126.91.

Dorman Products (NASDAQ:DORM) last issued its quarterly 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. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. The firm had revenue of $533.77 million during the quarter, compared to the consensus estimate of $523.95 million. On average, equities analysts anticipate that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com lowered Dorman Products from a “strong-buy” rating to a “buy” rating in a research note on Saturday.

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.