Howe & Rusling Inc. Lowers Position in Dorman Products, Inc. (NASDAQ:DORM)

Howe & Rusling Inc. decreased its stake in Dorman Products, Inc. (NASDAQ:DORM) by 16.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,766 shares of the auto parts company’s stock after selling 545 shares during the quarter. Howe & Rusling Inc.’s holdings in Dorman Products were worth $358,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in DORM. Westside Investment Management Inc. purchased a new position in shares of Dorman Products during the 3rd quarter valued at $29,000. Jones Financial Companies Lllp raised its holdings in Dorman Products by 518.4% during the fourth quarter. Jones Financial Companies Lllp now owns 235 shares of the auto parts company’s stock valued at $30,000 after acquiring an additional 197 shares during the period. Advisors Asset Management Inc. purchased a new position in shares of Dorman Products in the third quarter valued at about $31,000. Quent Capital LLC bought a new position in shares of Dorman Products in the fourth quarter worth about $31,000. Finally, Newbridge Financial Services Group Inc. purchased a new stake in shares of Dorman Products during the fourth quarter worth about $42,000. Institutional investors own 84.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Dorman Products from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 14th.

Dorman Products Trading Down 0.5 %

Shares of DORM stock opened at $125.15 on Friday. The company has a current ratio of 2.34, a quick ratio of 1.16 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $3.83 billion, a price-to-earnings ratio of 20.93 and a beta of 0.84. Dorman Products, Inc. has a 12-month low of $86.61 and a 12-month high of $146.60. The stock’s 50-day moving average price is $128.05 and its 200-day moving average price is $126.48.

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

Insider Buying and Selling

In related news, Director Steven L. Berman sold 617 shares of the stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $123.23, for a total value of $76,032.91. Following the completion of the transaction, the director now owns 832,910 shares of the company’s stock, valued at approximately $102,639,499.30. This trade represents a 0.07 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 sale, the senior vice president now directly 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 30,842 shares of company stock worth $4,048,449. Insiders own 10.00% of the company’s stock.

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.