Great Lakes Advisors LLC Sells 1,644 Shares of Dorman Products, Inc. (NASDAQ:DORM)

Great Lakes Advisors LLC reduced its stake in shares of Dorman Products, Inc. (NASDAQ:DORM) by 3.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 53,221 shares of the auto parts company’s stock after selling 1,644 shares during the period. Great Lakes Advisors LLC owned approximately 0.17% of Dorman Products worth $6,895,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of DORM. Jones Financial Companies Lllp raised its holdings in shares of Dorman Products by 518.4% during 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 during the period. Quent Capital LLC bought a new position in Dorman Products during the 4th quarter worth about $31,000. Westside Investment Management Inc. acquired a new stake in shares of Dorman Products in the 3rd quarter valued at about $29,000. Advisors Asset Management Inc. bought a new stake in shares of Dorman Products in the third quarter valued at about $31,000. Finally, Farther Finance Advisors LLC boosted its position in shares of Dorman Products by 5,460.0% during the third quarter. Farther Finance Advisors LLC now owns 278 shares of the auto parts company’s stock worth $31,000 after buying an additional 273 shares during the period. Institutional investors own 84.70% of the company’s stock.

Dorman Products Trading Down 1.2 %

Dorman Products stock opened at $125.29 on Friday. The company has a market cap of $3.83 billion, a price-to-earnings ratio of 20.95 and a beta of 0.84. The firm has a 50-day moving average of $128.14 and a 200-day moving average of $125.45. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.34 and a quick ratio of 1.16. Dorman Products, Inc. has a one year low of $86.61 and a one year high of $146.60.

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 the consensus estimate of $1.99 by $0.21. The firm had revenue of $533.77 million during 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%. On average, equities analysts expect that Dorman Products, Inc. will post 6.9 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Steven L. Berman sold 617 shares of the business’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $123.23, for a total transaction of $76,032.91. Following the transaction, the director now directly owns 832,910 shares in the company, valued at $102,639,499.30. The trade was a 0.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Donna M. Long sold 742 shares of the company’s 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 42,090 shares of company stock worth $5,575,927. Insiders own 10.00% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised Dorman Products from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 28th.

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.