Tower Research Capital LLC TRC Sells 390 Shares of Dorman Products, Inc. (NASDAQ:DORM)

Tower Research Capital LLC TRC lowered its stake in shares of Dorman Products, Inc. (NASDAQ:DORM) by 15.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,163 shares of the auto parts company’s stock after selling 390 shares during the period. Tower Research Capital LLC TRC’s holdings in Dorman Products were worth $280,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Jones Financial Companies Lllp lifted its holdings in shares of Dorman Products by 518.4% in the 4th quarter. Jones Financial Companies Lllp now owns 235 shares of the auto parts company’s stock valued at $30,000 after acquiring an additional 197 shares during the last quarter. Quent Capital LLC bought a new position in shares of Dorman Products during the fourth quarter valued at approximately $31,000. CIBC Private Wealth Group LLC grew its stake in Dorman Products by 163.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 277 shares of the auto parts company’s stock valued at $35,000 after purchasing an additional 172 shares during the last quarter. Newbridge Financial Services Group Inc. purchased a new position in Dorman Products in the fourth quarter worth $42,000. Finally, Blue Trust Inc. grew its stake in shares of Dorman Products by 1,581.0% during the fourth quarter. Blue Trust Inc. now owns 353 shares of the auto parts company’s stock worth $46,000 after acquiring an additional 332 shares during the last quarter. Hedge funds and other institutional investors own 84.70% of the company’s stock.

Dorman Products Stock Up 0.2 %

DORM stock opened at $115.27 on Friday. The firm’s fifty day moving average is $120.13 and its 200 day moving average is $126.69. Dorman Products, Inc. has a one year low of $87.05 and a one year high of $146.60. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 2.34. The firm has a market cap of $3.52 billion, a PE ratio of 19.28 and a beta of 0.87.

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

Insider Activity at Dorman Products

In related news, SVP Donna M. Long sold 742 shares of the business’s stock in a transaction 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 sale, the senior vice president now owns 19,894 shares in the company, valued at approximately $2,593,779.72. The trade was a 3.60 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.90% of the stock is owned by insiders.

Analysts Set New Price Targets

Separately, StockNews.com lowered Dorman Products from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 26th.

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.