Dorman Products, Inc. (NASDAQ:DORM) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its position in Dorman Products, Inc. (NASDAQ:DORM) by 2.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 187,045 shares of the auto parts company’s stock after selling 3,914 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.61% of Dorman Products worth $24,232,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Westside Investment Management Inc. acquired a new stake in Dorman Products during the 3rd quarter worth approximately $29,000. Farther Finance Advisors LLC lifted its position in Dorman Products by 5,460.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 278 shares of the auto parts company’s stock worth $31,000 after acquiring an additional 273 shares during the period. Advisors Asset Management Inc. acquired a new stake in Dorman Products during the 3rd quarter worth approximately $31,000. Quent Capital LLC acquired a new stake in Dorman Products during the 4th quarter worth approximately $31,000. Finally, Newbridge Financial Services Group Inc. acquired a new stake in Dorman Products during the 4th quarter worth approximately $42,000. 84.70% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Dorman Products

In related news, SVP Donna M. Long sold 742 shares of the firm’s stock in a transaction that occurred 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 $2,593,779.72. This trade represents a 3.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Steven L. Berman sold 617 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $123.23, for a total value of $76,032.91. Following the completion of the transaction, the director now directly owns 832,910 shares of the company’s stock, valued at $102,639,499.30. The trade was a 0.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 42,090 shares of company stock valued at $5,575,927. Corporate insiders own 10.00% of the company’s stock.

Analysts Set New Price Targets

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 Stock Performance

Shares of DORM stock opened at $124.91 on Monday. The company has a market cap of $3.82 billion, a price-to-earnings ratio of 20.89 and a beta of 0.84. The stock has a 50 day simple moving average of $128.37 and a 200-day simple moving average of $125.22. Dorman Products, Inc. has a 12-month low of $86.61 and a 12-month 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.

Dorman Products (NASDAQ:DORM) last issued its earnings results on Wednesday, February 26th. The auto parts company reported $2.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.99 by $0.21. The business had revenue of $533.77 million during the quarter, compared to the consensus estimate of $523.95 million. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. On average, equities analysts forecast that Dorman Products, Inc. will post 6.9 EPS for the current 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.