Jackson Creek Investment Advisors LLC Lowers Position in Dorman Products, Inc. (NASDAQ:DORM)

Jackson Creek Investment Advisors LLC decreased its stake in shares of Dorman Products, Inc. (NASDAQ:DORM) by 3.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,519 shares of the auto parts company’s stock after selling 418 shares during the quarter. Jackson Creek Investment Advisors LLC’s holdings in Dorman Products were worth $1,751,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Csenge Advisory Group boosted its holdings in shares of Dorman Products by 0.5% during the 4th quarter. Csenge Advisory Group now owns 19,298 shares of the auto parts company’s stock valued at $2,500,000 after purchasing an additional 96 shares during the last quarter. Equitable Trust Co. lifted its position in shares of Dorman Products by 2.2% in the third quarter. Equitable Trust Co. now owns 4,494 shares of the auto parts company’s stock worth $508,000 after buying an additional 97 shares in the last quarter. Heritage Family Offices LLP boosted its stake in Dorman Products by 4.9% during the fourth quarter. Heritage Family Offices LLP now owns 2,128 shares of the auto parts company’s stock valued at $276,000 after buying an additional 100 shares during the last quarter. First Horizon Advisors Inc. grew its holdings in Dorman Products by 28.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 662 shares of the auto parts company’s stock valued at $75,000 after buying an additional 146 shares in the last quarter. Finally, Principal Securities Inc. increased its stake in Dorman Products by 77.6% in the 4th quarter. Principal Securities Inc. now owns 396 shares of the auto parts company’s stock worth $51,000 after acquiring an additional 173 shares during the last quarter. 84.70% of the stock is owned by hedge funds and other institutional investors.

Dorman Products Stock Performance

Dorman Products stock opened at $128.72 on Friday. The company’s 50-day moving average price is $128.61 and its 200-day moving average price is $124.83. The company has a quick ratio of 1.16, a current ratio of 2.34 and a debt-to-equity ratio of 0.37. The company has a market cap of $3.93 billion, a PE ratio of 21.53 and a beta of 0.88. Dorman Products, Inc. has a twelve month low of $86.61 and a twelve month high of $146.60.

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

Insider Activity

In other news, Director Steven L. Berman sold 8,485 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $136.83, for a total value of $1,161,002.55. Following the completion of the sale, the director now owns 867,671 shares in the company, valued at approximately $118,723,422.93. This trade represents a 0.97 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders have sold 41,348 shares of company stock valued at $5,479,185. 10.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

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