Orion Portfolio Solutions LLC Sells 1,062 Shares of Dorman Products, Inc. (NASDAQ:DORM)

Orion Portfolio Solutions LLC decreased its stake in shares of Dorman Products, Inc. (NASDAQ:DORM) by 5.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 19,161 shares of the auto parts company’s stock after selling 1,062 shares during the quarter. Orion Portfolio Solutions LLC owned 0.06% of Dorman Products worth $2,482,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Envestnet Portfolio Solutions Inc. increased its stake in Dorman Products by 1.8% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 4,763 shares of the auto parts company’s stock valued at $617,000 after acquiring an additional 84 shares during the period. Csenge Advisory Group grew its holdings in shares of Dorman Products by 0.5% during the 4th quarter. Csenge Advisory Group now owns 19,298 shares of the auto parts company’s stock worth $2,500,000 after purchasing an additional 96 shares in the last quarter. Heritage Family Offices LLP increased its position in shares of Dorman Products by 4.9% during the fourth quarter. Heritage Family Offices LLP now owns 2,128 shares of the auto parts company’s stock valued at $276,000 after purchasing an additional 100 shares during the period. Principal Securities Inc. raised its stake in shares of Dorman Products by 77.6% in the fourth quarter. Principal Securities Inc. now owns 396 shares of the auto parts company’s stock valued at $51,000 after purchasing an additional 173 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in Dorman Products by 38.9% in the fourth quarter. GAMMA Investing LLC now owns 671 shares of the auto parts company’s stock worth $87,000 after purchasing an additional 188 shares during the period. Institutional investors and hedge funds own 84.70% of the company’s stock.

Dorman Products Trading Up 1.7 %

Shares of DORM opened at $122.64 on Wednesday. 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 stock has a market cap of $3.75 billion, a PE ratio of 20.51 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. The stock has a 50 day simple moving average of $127.54 and a 200-day simple moving average of $126.92.

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

Insider Activity at Dorman Products

In other news, Director Steven L. Berman sold 285 shares of Dorman Products stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $123.50, for a total value of $35,197.50. Following the completion of the transaction, the director now owns 833,527 shares in the company, valued at approximately $102,940,584.50. The trade was a 0.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Donna M. Long sold 742 shares of the 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 sale, the senior vice president now owns 19,894 shares in the company, valued at approximately $2,593,779.72. This trade represents a 3.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 30,842 shares of company stock valued at $4,048,449 in the last ninety days. Insiders own 10.00% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Dorman Products from a “strong-buy” rating to a “buy” rating in a report on Friday, March 14th.

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.