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

Great Lakes Advisors LLC decreased its stake in shares of Dorman Products, Inc. (NASDAQ:DORM) by 3.0% in 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’s holdings in Dorman Products were worth $6,895,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of DORM. Farther Finance Advisors LLC boosted its holdings 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 acquiring an additional 273 shares during the period. Assetmark Inc. bought a new stake in Dorman Products in the 3rd quarter valued at $822,000. Atria Investments Inc boosted its stake in Dorman Products by 83.9% in the 3rd quarter. Atria Investments Inc now owns 5,290 shares of the auto parts company’s stock valued at $598,000 after purchasing an additional 2,413 shares during the period. Covestor Ltd grew its holdings in Dorman Products by 781.4% in the 3rd quarter. Covestor Ltd now owns 379 shares of the auto parts company’s stock valued at $43,000 after buying an additional 336 shares in the last quarter. Finally, Crossmark Global Holdings Inc. bought a new position in Dorman Products during the 3rd quarter worth $236,000. Institutional investors and hedge funds own 84.70% of the company’s stock.

Wall Street Analyst Weigh In

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

Dorman Products Stock Down 1.2 %

NASDAQ DORM opened at $125.29 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 company has a market cap of $3.83 billion, a price-to-earnings ratio of 20.95 and a beta of 0.84. The company has a 50 day moving average of $128.14 and a 200-day moving average of $125.45. Dorman Products, Inc. has a 1-year low of $86.61 and a 1-year high of $146.60.

Dorman Products (NASDAQ:DORM) last announced its quarterly earnings data on Wednesday, February 26th. The auto parts company reported $2.20 earnings per share 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 research analysts expect that Dorman Products, Inc. will post 6.9 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Dorman Products news, SVP Donna M. Long sold 742 shares of the firm’s stock in a transaction 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 owns 19,894 shares of the company’s stock, valued at approximately $2,593,779.72. This trade represents a 3.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Steven L. Berman sold 285 shares of Dorman Products stock in a transaction on Friday, January 10th. The shares were sold at an average price of $123.50, for a total value of $35,197.50. Following the completion of the transaction, the director now owns 833,527 shares in the company, valued at approximately $102,940,584.50. The trade was a 0.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 42,090 shares of company stock worth $5,575,927 over the last ninety days. Corporate insiders own 10.00% of the company’s stock.

Dorman Products 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.