Mariner LLC Cuts Stock Holdings in Dorman Products, Inc. (NASDAQ:DORM)

Mariner LLC reduced its position in Dorman Products, Inc. (NASDAQ:DORM) by 0.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,238 shares of the auto parts company’s stock after selling 98 shares during the period. Mariner LLC’s holdings in Dorman Products were worth $1,456,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. HighPoint Advisor Group LLC lifted its holdings in shares of Dorman Products by 3.5% during the 4th quarter. HighPoint Advisor Group LLC now owns 2,438 shares of the auto parts company’s stock valued at $308,000 after buying an additional 83 shares during the period. Envestnet Portfolio Solutions Inc. raised its position in shares of Dorman Products by 1.8% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 4,763 shares of the auto parts company’s stock valued at $617,000 after purchasing an additional 84 shares during the period. Pitcairn Co. lifted its position in shares of Dorman Products by 2.0% in the fourth quarter. Pitcairn Co. now owns 4,490 shares of the auto parts company’s stock valued at $582,000 after acquiring an additional 86 shares in the last quarter. Summit Investment Advisors Inc. grew its position in shares of Dorman Products by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 2,705 shares of the auto parts company’s stock worth $350,000 after purchasing an additional 87 shares in the last quarter. Finally, Csenge Advisory Group raised its position in shares of Dorman Products by 0.5% during the fourth quarter. Csenge Advisory Group now owns 19,298 shares of the auto parts company’s stock valued at $2,500,000 after buying an additional 96 shares during the last quarter. 84.70% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Dorman Products from a “strong-buy” rating to a “buy” rating in a research note on Saturday.

Dorman Products Stock Performance

Dorman Products stock opened at $114.39 on Friday. The company’s 50-day moving average price is $121.29 and its 200-day moving average price is $126.70. The company has a quick ratio of 1.16, a current ratio of 2.34 and a debt-to-equity ratio of 0.37. The company has a market cap of $3.50 billion, a PE ratio of 19.13 and a beta of 0.87. Dorman Products, Inc. has a twelve month low of $86.77 and a twelve month high of $146.60.

Dorman Products (NASDAQ:DORM) last posted its quarterly earnings data on Wednesday, February 26th. The auto parts company reported $2.20 earnings per share (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 business had revenue of $533.77 million during the quarter, compared to analyst estimates of $523.95 million. On average, equities research analysts forecast that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

Insider Activity at Dorman Products

In related news, SVP Donna M. Long sold 742 shares of the firm’s stock in a transaction dated 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 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 9,238 shares of Dorman Products stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $132.73, for a total transaction of $1,226,159.74. Following the sale, the director now directly owns 788,688 shares of the company’s stock, valued at $104,682,558.24. This represents a 1.16 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 18,504 shares of company stock worth $2,446,280. Insiders own 10.00% of the company’s stock.

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.