Dorman Products, Inc. (NASDAQ:DORM) Shares Sold by Centiva Capital LP

Centiva Capital LP decreased its position in Dorman Products, Inc. (NASDAQ:DORM) by 32.3% during the 4th quarter, Holdings Channel reports. The firm owned 2,914 shares of the auto parts company’s stock after selling 1,390 shares during the quarter. Centiva Capital LP’s holdings in Dorman Products were worth $378,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Jones Financial Companies Lllp grew its holdings in Dorman Products by 518.4% in the fourth quarter. Jones Financial Companies Lllp now owns 235 shares of the auto parts company’s stock valued at $30,000 after purchasing an additional 197 shares during the last quarter. Quent Capital LLC acquired a new stake in Dorman Products in the fourth quarter valued at $31,000. CIBC Private Wealth Group LLC grew its holdings 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. acquired a new stake in Dorman Products in the fourth quarter valued at $42,000. Finally, Blue Trust Inc. grew its holdings in Dorman Products by 1,581.0% in the fourth quarter. Blue Trust Inc. now owns 353 shares of the auto parts company’s stock valued at $46,000 after purchasing an additional 332 shares during the last quarter. Institutional investors and hedge funds own 84.70% of the company’s stock.

Insider Buying and Selling

In related news, SVP Donna M. Long sold 742 shares of the stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $130.38, for a total transaction of $96,741.96. Following the transaction, the senior vice president now directly owns 19,894 shares in the company, valued at approximately $2,593,779.72. This represents a 3.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 8.90% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Separately, StockNews.com raised Dorman Products from a “buy” rating to a “strong-buy” rating in a research note on Monday, May 5th.

Dorman Products Stock Up 0.2%

DORM opened at $124.54 on Monday. 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 firm has a market cap of $3.80 billion, a P/E ratio of 20.83 and a beta of 0.86. Dorman Products, Inc. has a 52 week low of $87.05 and a 52 week high of $146.60. The business’s fifty day simple moving average is $119.45 and its 200 day simple moving average is $127.06.

Dorman Products (NASDAQ:DORM) last posted its quarterly earnings data on Monday, May 5th. The auto parts company reported $2.02 EPS for the quarter, beating analysts’ consensus estimates of $1.48 by $0.54. The business had revenue of $507.69 million for the quarter, compared to analyst estimates of $483.09 million. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.31 earnings per share. As a group, equities research analysts anticipate that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

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.