Howe & Rusling Inc. Sells 545 Shares of Dorman Products, Inc. (NASDAQ:DORM)

Howe & Rusling Inc. lessened its position in Dorman Products, Inc. (NASDAQ:DORM) by 16.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund 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 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Advisors Asset Management Inc. bought a new stake in Dorman Products in the third quarter worth about $31,000. Charles Schwab Investment Management Inc. increased its stake in Dorman Products by 1.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 350,615 shares of the auto parts company’s stock worth $39,662,000 after purchasing an additional 3,365 shares during the period. Citigroup Inc. boosted its stake in shares of Dorman Products by 70.9% during the third quarter. Citigroup Inc. now owns 35,697 shares of the auto parts company’s stock valued at $4,038,000 after purchasing an additional 14,807 shares during the period. Cerity Partners LLC increased its stake in Dorman Products by 50.8% in the 3rd quarter. Cerity Partners LLC now owns 27,300 shares of the auto parts company’s stock worth $3,088,000 after buying an additional 9,201 shares during the period. Finally, FMR LLC lifted its holdings in Dorman Products by 63.5% during the 3rd quarter. FMR LLC now owns 3,322 shares of the auto parts company’s stock valued at $376,000 after buying an additional 1,290 shares in the last quarter. 84.70% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Steven L. Berman sold 617 shares of Dorman Products stock in a transaction on Monday, January 13th. The stock was sold at an average price of $123.23, for a total value of $76,032.91. Following the transaction, the director now directly owns 832,910 shares in the company, 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 SEC, which can be accessed through this hyperlink. Also, SVP Donna M. Long sold 742 shares of the business’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 completion of the transaction, the senior vice president now directly owns 19,894 shares of the company’s stock, 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. Insiders sold 30,842 shares of company stock valued at $4,048,449 over the last 90 days. Corporate insiders own 10.00% of the company’s stock.

Analyst Ratings Changes

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

Dorman Products Stock Performance

Shares of Dorman Products 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’s fifty day moving average price is $128.05 and its 200-day moving average price is $126.48. The firm has a market cap of $3.83 billion, a P/E 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.

Dorman Products (NASDAQ:DORM) last posted its 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. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. The business had revenue of $533.77 million for the quarter, compared to the consensus estimate of $523.95 million. On average, equities research analysts expect that Dorman Products, Inc. will post 6.9 earnings per share for the current fiscal year.

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.