Bank of New York Mellon Corp Has $21.73 Million Stock Position in Dorman Products, Inc. (NASDAQ:DORM)

Bank of New York Mellon Corp lowered its holdings in Dorman Products, Inc. (NASDAQ:DORM) by 3.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 180,258 shares of the auto parts company’s stock after selling 6,787 shares during the quarter. Bank of New York Mellon Corp owned 0.59% of Dorman Products worth $21,728,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Jones Financial Companies Lllp raised its holdings in shares of 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. Raymond James Financial Inc. bought a new position in shares of Dorman Products during the 4th quarter worth approximately $4,810,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Dorman Products by 13.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,213 shares of the auto parts company’s stock worth $934,000 after purchasing an additional 883 shares in the last quarter. Commonwealth Equity Services LLC bought a new position in Dorman Products during the 4th quarter valued at $251,000. Finally, Natixis Advisors LLC increased its position in shares of Dorman Products by 4.0% during the 4th quarter. Natixis Advisors LLC now owns 28,570 shares of the auto parts company’s stock valued at $3,701,000 after purchasing an additional 1,088 shares during the last quarter. Institutional investors own 84.70% of the company’s stock.

Insider Transactions at Dorman Products

In other Dorman Products news, Director John J. Gavin sold 2,900 shares of the firm’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 owned 8,132 shares of the company’s stock, valued at $1,066,837.08. This trade represents a 26.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 8.90% of the company’s stock.

Dorman Products Stock Up 0.9%

Dorman Products stock opened at $122.40 on Friday. The business has a fifty day moving average price of $125.90 and a 200-day moving average price of $124.43. Dorman Products, Inc. has a 1-year low of $94.87 and a 1-year high of $146.60. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.62 and a quick ratio of 1.22. The stock has a market capitalization of $3.73 billion, a price-to-earnings ratio of 17.56 and a beta of 0.85.

Dorman Products (NASDAQ:DORM) last released its earnings results on Monday, May 5th. The auto parts company reported $2.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.48 by $0.54. The firm had revenue of $507.69 million during the quarter, compared to analyst estimates of $483.09 million. Dorman Products had a return on equity of 19.10% and a net margin of 10.48%. Dorman Products’s revenue was up 8.3% compared to the same quarter last year. During the same period last year, the business posted $1.31 earnings per share. Equities research analysts forecast that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.