Dorman Products, Inc. (NASDAQ:DORM) Shares Sold by Southernsun Asset Management LLC

Southernsun Asset Management LLC lowered its stake in Dorman Products, Inc. (NASDAQ:DORM) by 15.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 253,345 shares of the auto parts company’s stock after selling 47,667 shares during the quarter. Dorman Products comprises about 4.1% of Southernsun Asset Management LLC’s portfolio, making the stock its 14th biggest holding. Southernsun Asset Management LLC’s holdings in Dorman Products were worth $32,821,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in DORM. Westside Investment Management Inc. acquired a new position in shares of Dorman Products in the third quarter valued at approximately $29,000. Jones Financial Companies Lllp grew its stake 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 acquiring an additional 197 shares in the last quarter. Quent Capital LLC purchased a new stake in shares of Dorman Products during the fourth quarter worth $31,000. CIBC Private Wealth Group LLC raised its stake 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 valued at $35,000 after acquiring an additional 172 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. purchased a new position in Dorman Products in the fourth quarter valued at $42,000. 84.70% of the stock is currently owned by institutional investors and hedge funds.

Dorman Products Trading Down 2.6 %

NASDAQ DORM opened at $108.29 on Tuesday. The firm’s fifty day moving average price is $122.40 and its 200 day moving average price is $126.85. Dorman Products, Inc. has a 12 month low of $86.61 and a 12 month 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 company has a market capitalization of $3.31 billion, a price-to-earnings ratio of 18.11 and a beta of 0.87.

Dorman Products (NASDAQ:DORM) last issued its quarterly earnings data on Wednesday, February 26th. The auto parts company reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.99 by $0.21. The company had revenue of $533.77 million for the quarter, compared to analyst estimates of $523.95 million. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. On average, sell-side analysts expect that Dorman Products, Inc. will post 6.9 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Dorman Products from a “buy” rating to a “strong-buy” rating in a research report on Friday.

Insider Buying and Selling at Dorman Products

In other Dorman Products news, Director Steven L. Berman sold 9,238 shares of the company’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $132.73, for a total transaction of $1,226,159.74. Following the completion of the transaction, the director now owns 788,688 shares in the company, valued at approximately $104,682,558.24. This represents a 1.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Donna M. Long sold 742 shares of Dorman Products stock in a transaction dated 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 directly owns 19,894 shares in the company, valued at approximately $2,593,779.72. The trade was a 3.60 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,137 shares of company stock worth $2,790,044. 10.00% of the stock is owned by company insiders.

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.