Dorman Products, Inc. (NASDAQ:DORM) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC trimmed its position in shares of Dorman Products, Inc. (NASDAQ:DORM) by 13.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,297 shares of the auto parts company’s stock after selling 664 shares during the quarter. Corient Private Wealth LLC’s holdings in Dorman Products were worth $557,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of DORM. Flagship Harbor Advisors LLC purchased a new position in shares of Dorman Products in the fourth quarter valued at approximately $287,000. Empowered Funds LLC purchased a new position in Dorman Products in the 4th quarter valued at approximately $387,000. Charles Schwab Investment Management Inc. grew its stake in shares of 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 acquiring an additional 4,102 shares in the last quarter. HighTower Advisors LLC increased its position in shares of Dorman Products by 431.9% during 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. Finally, Ruffer LLP acquired a new stake in shares of Dorman Products in the fourth quarter valued at $4,314,000. 84.70% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Dorman Products from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 14th.

Dorman Products Stock Down 3.5 %

Shares of Dorman Products stock opened at $120.71 on Friday. The company has a quick ratio of 1.16, a current ratio of 2.34 and a debt-to-equity ratio of 0.37. Dorman Products, Inc. has a 52-week low of $86.61 and a 52-week high of $146.60. The company has a market capitalization of $3.69 billion, a P/E ratio of 20.19 and a beta of 0.84. The company has a 50 day moving average of $127.87 and a 200 day moving average of $126.57.

Dorman Products (NASDAQ:DORM) last issued its earnings results on Wednesday, February 26th. The auto parts company reported $2.20 EPS for the quarter, topping 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 firm had revenue of $533.77 million during the quarter, compared to the consensus estimate of $523.95 million. As a group, research analysts forecast that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

Insider Activity

In related news, SVP Donna M. Long sold 742 shares of the stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $130.38, for a total value of $96,741.96. Following the transaction, the senior vice president now directly owns 19,894 shares of the company’s stock, valued at $2,593,779.72. This trade represents a 3.60 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Steven L. Berman sold 8,524 shares of Dorman Products stock in a transaction on Wednesday, January 29th. The stock was sold at an average price of $131.79, for a total transaction of $1,123,377.96. Following the sale, the director now owns 773,094 shares in the company, valued at $101,886,058.26. This represents a 1.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 30,842 shares of company stock worth $4,048,449. 10.00% of the stock is currently owned by insiders.

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.