Dorman Products, Inc. (NASDAQ:DORM) Shares Sold by M&T Bank Corp

M&T Bank Corp lowered its position in Dorman Products, Inc. (NASDAQ:DORM) by 13.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 27,205 shares of the auto parts company’s stock after selling 4,095 shares during the quarter. M&T Bank Corp’s holdings in Dorman Products were worth $3,524,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DORM. Fiera Capital Corp acquired a new position in Dorman Products in the third quarter valued at $25,571,000. State Street Corp boosted its holdings in Dorman Products by 8.6% in the third quarter. State Street Corp now owns 1,108,327 shares of the auto parts company’s stock valued at $125,374,000 after acquiring an additional 87,780 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Dorman Products by 173.6% in the third quarter. JPMorgan Chase & Co. now owns 133,341 shares of the auto parts company’s stock valued at $15,084,000 after acquiring an additional 84,613 shares during the last quarter. Royce & Associates LP boosted its holdings in Dorman Products by 17.6% in the third quarter. Royce & Associates LP now owns 523,882 shares of the auto parts company’s stock valued at $59,262,000 after acquiring an additional 78,496 shares during the last quarter. Finally, Jennison Associates LLC boosted its holdings in Dorman Products by 13.9% in the third quarter. Jennison Associates LLC now owns 454,852 shares of the auto parts company’s stock valued at $51,453,000 after acquiring an additional 55,615 shares during the last quarter. Institutional investors and hedge funds own 84.70% of the company’s stock.

Insider Buying and Selling at Dorman Products

In other news, Director Steven L. Berman sold 617 shares of Dorman Products stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $123.23, for a total transaction of $76,032.91. Following the sale, the director now directly owns 832,910 shares of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Donna M. Long sold 742 shares of Dorman Products stock in a transaction dated 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 directly owns 19,894 shares in the company, 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 have sold 42,090 shares of company stock valued at $5,575,927 over the last three months. 10.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

Dorman Products Trading Down 3.0 %

NASDAQ:DORM opened at $124.91 on Friday. The business’s 50-day moving average is $128.37 and its two-hundred day moving average is $125.11. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.34 and a quick ratio of 1.16. Dorman Products, Inc. has a 12 month low of $86.61 and a 12 month high of $146.60. The firm has a market capitalization of $3.82 billion, a PE ratio of 20.89 and a beta of 0.84.

Dorman Products (NASDAQ:DORM) last released 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 analyst estimates of $523.95 million. Research analysts predict that Dorman Products, Inc. will post 6.9 earnings per share for the current fiscal 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.