Long Road Investment Counsel LLC Cuts Stock Holdings in Dorman Products, Inc. (NASDAQ:DORM)

Long Road Investment Counsel LLC trimmed its holdings in shares of Dorman Products, Inc. (NASDAQ:DORM) by 1.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,550 shares of the auto parts company’s stock after selling 300 shares during the period. Dorman Products comprises approximately 1.5% of Long Road Investment Counsel LLC’s portfolio, making the stock its 25th largest position. Long Road Investment Counsel LLC’s holdings in Dorman Products were worth $3,569,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in DORM. Atria Investments Inc boosted its position in Dorman Products by 83.9% during the third quarter. Atria Investments Inc now owns 5,290 shares of the auto parts company’s stock valued at $598,000 after buying an additional 2,413 shares during the period. Crossmark Global Holdings Inc. purchased a new stake in Dorman Products during the third quarter valued at about $236,000. Apollon Wealth Management LLC purchased a new stake in Dorman Products during the third quarter valued at about $427,000. Oppenheimer Asset Management Inc. boosted its position in Dorman Products by 41.2% during the third quarter. Oppenheimer Asset Management Inc. now owns 13,688 shares of the auto parts company’s stock valued at $1,548,000 after buying an additional 3,993 shares during the period. Finally, OneDigital Investment Advisors LLC purchased a new stake in Dorman Products during the third quarter valued at about $327,000. 84.70% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Dorman Products from a “strong-buy” rating to a “buy” rating in a report on Friday.

Dorman Products Stock Performance

Dorman Products stock opened at $126.74 on Tuesday. 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 50-day moving average of $128.00 and a 200-day moving average of $125.85. The firm has a market cap of $3.88 billion, a P/E ratio of 21.19 and a beta of 0.84. Dorman Products, Inc. has a 1-year low of $86.61 and a 1-year high of $146.60.

Dorman Products (NASDAQ:DORM) last released its quarterly 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. 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 during the quarter, compared to the consensus estimate of $523.95 million. Sell-side analysts expect that Dorman Products, Inc. will post 6.9 EPS for the current year.

Insider Buying and Selling

In other Dorman Products news, SVP Donna M. Long sold 742 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $130.38, for a total transaction of $96,741.96. Following the completion of the transaction, the senior vice president now owns 19,894 shares of the company’s stock, valued at approximately $2,593,779.72. This trade represents a 3.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Steven L. Berman sold 8,524 shares of the firm’s stock in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $131.79, for a total transaction of $1,123,377.96. Following the transaction, the director now directly owns 773,094 shares of the company’s stock, valued at $101,886,058.26. This represents a 1.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 33,605 shares of company stock valued at $4,414,924 over the last three months. Corporate insiders own 10.00% of the company’s stock.

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.