Dorman Products, Inc. (NASDAQ:DORM) Position Lessened by Alliancebernstein L.P.

Alliancebernstein L.P. lowered its position in Dorman Products, Inc. (NASDAQ:DORM) by 3.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,683 shares of the auto parts company’s stock after selling 1,192 shares during the quarter. Alliancebernstein L.P. owned approximately 0.11% of Dorman Products worth $4,234,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Dorman Products in the 4th quarter valued at approximately $41,047,000. Wellington Management Group LLP grew its position in Dorman Products by 1,136.2% in the fourth quarter. Wellington Management Group LLP now owns 174,717 shares of the auto parts company’s stock worth $22,635,000 after acquiring an additional 160,584 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Dorman Products by 889.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 126,180 shares of the auto parts company’s stock worth $16,347,000 after purchasing an additional 113,424 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Dorman Products by 3.1% during the 4th quarter. Vanguard Group Inc. now owns 3,028,728 shares of the auto parts company’s stock valued at $392,372,000 after purchasing an additional 91,361 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of Dorman Products by 8.6% during the 3rd quarter. State Street Corp now owns 1,108,327 shares of the auto parts company’s stock valued at $125,374,000 after purchasing an additional 87,780 shares in the last quarter. 84.70% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Dorman Products

In other Dorman Products news, Director Steven L. Berman sold 8,524 shares of the firm’s stock in a transaction on Wednesday, January 29th. The shares were sold at an average price of $131.79, for a total value of $1,123,377.96. Following the sale, the director now directly owns 773,094 shares in the company, valued at $101,886,058.26. This trade represents a 1.09 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Donna M. Long sold 742 shares of the business’s 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 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 disclosure for this sale can be found here. Insiders have sold 29,940 shares of company stock valued at $3,937,219 in the last 90 days. 10.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

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

Dorman Products Price Performance

Shares of Dorman Products stock opened at $111.86 on Monday. Dorman Products, Inc. has a 1-year low of $86.61 and a 1-year high of $146.60. The firm has a fifty day simple moving average of $124.34 and a 200-day simple moving average of $126.86. 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 capitalization of $3.42 billion, a price-to-earnings ratio of 18.71 and a beta of 0.87.

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

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.