Avantax Advisory Services Inc. Sells 646 Shares of Dorman Products, Inc. (NASDAQ:DORM)

Avantax Advisory Services Inc. lowered its position in Dorman Products, Inc. (NASDAQ:DORM) by 9.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,973 shares of the auto parts company’s stock after selling 646 shares during the period. Avantax Advisory Services Inc.’s holdings in Dorman Products were worth $720,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the company. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Dorman Products during the fourth quarter worth approximately $42,495,000. Norges Bank purchased a new position in shares of Dorman Products during the fourth quarter worth approximately $41,047,000. Oberweis Asset Management Inc. purchased a new position in shares of Dorman Products during the fourth quarter worth approximately $23,283,000. Wellington Management Group LLP increased its position in shares of Dorman Products by 1,136.2% during 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 during the period. Finally, Jennison Associates LLC increased its position in shares of Dorman Products by 32.1% during the first quarter. Jennison Associates LLC now owns 598,642 shares of the auto parts company’s stock worth $72,160,000 after acquiring an additional 145,391 shares during the period. Institutional investors own 84.70% of the company’s stock.

Dorman Products Stock Performance

Shares of DORM stock opened at $119.13 on Monday. The firm has a market cap of $3.63 billion, a price-to-earnings ratio of 17.09 and a beta of 0.79. The company’s 50 day moving average is $124.32 and its 200 day moving average is $123.96. The company has a quick ratio of 1.22, a current ratio of 2.62 and a debt-to-equity ratio of 0.33. Dorman Products, Inc. has a 52-week low of $94.87 and a 52-week high of $146.60.

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

Insider Activity at Dorman Products

In related news, SVP Donna M. Long sold 820 shares of Dorman Products stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $122.21, for a total transaction of $100,212.20. Following the transaction, the senior vice president directly owned 19,074 shares of the company’s stock, valued at $2,331,033.54. This trade represents a 4.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director John J. Gavin sold 2,900 shares of Dorman Products stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $131.19, for a total transaction of $380,451.00. Following the transaction, the director directly owned 8,132 shares in the company, valued at approximately $1,066,837.08. The trade was a 26.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 8.90% of the company’s stock.

Wall Street Analyst Weigh In

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

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.