BNP Paribas Financial Markets Decreases Position in Dorman Products, Inc. (NASDAQ:DORM)

BNP Paribas Financial Markets decreased its position in shares of Dorman Products, Inc. (NASDAQ:DORM) by 76.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,770 shares of the auto parts company’s stock after selling 15,823 shares during the period. BNP Paribas Financial Markets’ holdings in Dorman Products were worth $618,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of DORM. Jones Financial Companies Lllp boosted its position in Dorman Products by 518.4% during the fourth quarter. Jones Financial Companies Lllp now owns 235 shares of the auto parts company’s stock worth $30,000 after purchasing an additional 197 shares in the last quarter. Quent Capital LLC purchased a new stake in shares of Dorman Products in the fourth quarter valued at $31,000. CIBC Private Wealth Group LLC lifted its position in shares of 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 acquiring an additional 172 shares in the last quarter. Newbridge Financial Services Group Inc. purchased a new stake in shares of Dorman Products in the fourth quarter valued at $42,000. Finally, Blue Trust Inc. lifted its position in shares of 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 acquiring an additional 332 shares in the last quarter. Institutional investors and hedge funds own 84.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Dorman Products from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 16th.

Insider Transactions at Dorman Products

In other news, SVP Donna M. Long sold 742 shares of Dorman Products stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $130.38, for a total value 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. The trade was a 3.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John J. Gavin sold 2,900 shares of the business’s stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $131.19, for a total value of $380,451.00. Following the transaction, the director now owns 8,132 shares in the company, valued at $1,066,837.08. This represents a 26.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.90% of the stock is currently owned by insiders.

Dorman Products Trading Down 0.9%

Shares of DORM opened at $125.06 on Friday. The company has a market capitalization of $3.82 billion, a P/E ratio of 20.91 and a beta of 0.86. 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 stock has a 50-day moving average price of $119.82 and a 200 day moving average price of $127.48.

Dorman Products (NASDAQ:DORM) last announced its quarterly earnings results on Monday, May 5th. The auto parts company reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.54. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. The business had revenue of $507.69 million for the quarter, compared to the consensus estimate of $483.09 million. During the same quarter last year, the business posted $1.31 EPS. The business’s revenue was up 8.3% on a year-over-year basis. Sell-side analysts forecast 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.