Loomis Sayles & Co. L P Sells 8,599 Shares of Dorman Products, Inc. (NASDAQ:DORM)

Loomis Sayles & Co. L P cut its stake in Dorman Products, Inc. (NASDAQ:DORM) by 2.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 294,355 shares of the auto parts company’s stock after selling 8,599 shares during the quarter. Loomis Sayles & Co. L P owned 0.96% of Dorman Products worth $38,134,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Flagship Harbor Advisors LLC bought a new stake in Dorman Products in the 4th quarter worth approximately $287,000. Empowered Funds LLC purchased a new position in shares of Dorman Products in the 4th quarter worth $387,000. HighTower Advisors LLC grew its holdings in shares of Dorman Products by 431.9% in the third quarter. HighTower Advisors LLC now owns 13,850 shares of the auto parts company’s stock worth $1,563,000 after acquiring an additional 11,246 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Dorman Products by 1.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 354,717 shares of the auto parts company’s stock worth $45,954,000 after purchasing an additional 4,102 shares during the last quarter. Finally, Ruffer LLP bought a new stake in shares of Dorman Products during the 4th quarter valued at about $4,314,000. 84.70% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In related news, SVP Donna M. Long sold 742 shares of the company’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 transaction, the senior vice president now owns 19,894 shares in the company, valued at approximately $2,593,779.72. This represents a 3.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Steven L. Berman sold 617 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at $102,639,499.30. The trade was a 0.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 30,842 shares of company stock worth $4,048,449 in the last three months. 10.00% of the stock is owned by company insiders.

Dorman Products Price Performance

NASDAQ DORM opened at $125.15 on Friday. The stock has a market cap 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 company’s 50 day moving average is $128.05 and its two-hundred day moving average is $126.48. The company has a current ratio of 2.34, a quick ratio of 1.16 and a debt-to-equity ratio of 0.37.

Dorman Products (NASDAQ:DORM) last posted 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. The business had revenue of $533.77 million for 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%. As a group, research analysts anticipate that Dorman Products, Inc. will post 6.9 earnings per share for the current year.

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.