SG Americas Securities LLC Lowers Holdings in Dorman Products, Inc. (NASDAQ:DORM)

SG Americas Securities LLC decreased its position in Dorman Products, Inc. (NASDAQ:DORM) by 69.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,268 shares of the auto parts company’s stock after selling 7,383 shares during the period. SG Americas Securities LLC’s holdings in Dorman Products were worth $423,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in DORM. Sei Investments Co. grew its holdings in Dorman Products by 2.2% in the second quarter. Sei Investments Co. now owns 8,878 shares of the auto parts company’s stock valued at $812,000 after purchasing an additional 190 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Dorman Products by 3.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,836 shares of the auto parts company’s stock worth $1,357,000 after acquiring an additional 514 shares during the period. Creative Planning increased its holdings in Dorman Products by 3.3% during the 2nd quarter. Creative Planning now owns 4,499 shares of the auto parts company’s stock worth $412,000 after purchasing an additional 144 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Dorman Products during the second quarter valued at approximately $2,807,000. Finally, Handelsbanken Fonder AB raised its stake in Dorman Products by 10.7% during the third quarter. Handelsbanken Fonder AB now owns 7,244 shares of the auto parts company’s stock worth $819,000 after acquiring an additional 700 shares during the period. Institutional investors and hedge funds own 84.70% of the company’s stock.

Dorman Products Price Performance

DORM stock opened at $131.28 on Monday. The firm has a 50-day moving average of $132.94 and a two-hundred day moving average of $120.90. Dorman Products, Inc. has a one year low of $79.43 and a one year high of $146.60. 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 firm has a market capitalization of $4.01 billion, a PE ratio of 21.95 and a beta of 0.89.

Dorman Products (NASDAQ:DORM) last announced its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.43. The firm had revenue of $503.77 million for the quarter, compared to the consensus estimate of $509.54 million. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. The firm’s revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.40 earnings per share. On average, analysts forecast that Dorman Products, Inc. will post 6.9 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm reissued a “buy” rating and issued a $153.00 price objective (up from $126.00) on shares of Dorman Products in a report on Monday, November 4th. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $125.67.

Insider Activity at Dorman Products

In other news, Director Steven L. Berman sold 8,485 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $136.83, for a total value of $1,161,002.55. Following the sale, the director now owns 867,671 shares in the company, valued at approximately $118,723,422.93. This trade represents a 0.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider John Mcknight sold 8,185 shares of Dorman Products stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $139.34, for a total value of $1,140,497.90. Following the sale, the insider now directly owns 8,902 shares in the company, valued at approximately $1,240,404.68. This trade represents a 47.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 61,624 shares of company stock valued at $8,258,616. 10.00% of the stock is currently owned by corporate 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.