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

Loomis Sayles & Co. L P decreased its holdings in Dorman Products, Inc. (NASDAQ:DORM) by 2.8% in the fourth quarter, Holdings Channel reports. The fund owned 294,355 shares of the auto parts company’s stock after selling 8,599 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Dorman Products were worth $38,134,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DORM. Westside Investment Management Inc. bought a new stake in shares of Dorman Products in the 3rd quarter valued at approximately $29,000. Jones Financial Companies Lllp raised its holdings in Dorman Products by 518.4% during the 4th quarter. Jones Financial Companies Lllp now owns 235 shares of the auto parts company’s stock valued at $30,000 after buying an additional 197 shares during the period. Advisors Asset Management Inc. bought a new stake in Dorman Products in the third quarter worth $31,000. Quent Capital LLC purchased a new position in Dorman Products during the fourth quarter worth $31,000. Finally, Newbridge Financial Services Group Inc. purchased a new position in Dorman Products during the fourth quarter worth $42,000. Hedge funds and other institutional investors own 84.70% of the company’s stock.

Insider Buying and Selling

In related news, Director Steven L. Berman sold 617 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now owns 832,910 shares in the company, valued at approximately $102,639,499.30. The trade was a 0.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction, the senior vice president now 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. Insiders have sold 30,842 shares of company stock valued at $4,048,449 in the last 90 days. Company insiders own 10.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of 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 %

DORM opened at $125.15 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 2.34. The stock’s 50 day moving average price is $128.05 and its 200-day moving average price is $126.48. Dorman Products, Inc. has a one year low of $86.61 and a one year high of $146.60. 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 (NASDAQ:DORM) last announced its quarterly earnings data on Wednesday, February 26th. The auto parts company reported $2.20 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $523.95 million. On average, equities analysts forecast that Dorman Products, Inc. will post 6.9 EPS for the current year.

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.