Nicholas Company Inc. Sells 3,851 Shares of Dorman Products, Inc. (NASDAQ:DORM)

Nicholas Company Inc. lowered its stake in Dorman Products, Inc. (NASDAQ:DORM) by 4.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 84,729 shares of the auto parts company’s stock after selling 3,851 shares during the period. Nicholas Company Inc.’s holdings in Dorman Products were worth $10,977,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Westside Investment Management Inc. bought a new stake in Dorman Products in the third quarter valued at $29,000. Jones Financial Companies Lllp boosted its holdings in 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 acquiring an additional 197 shares in the last quarter. Advisors Asset Management Inc. bought a new stake in Dorman Products in the third quarter valued at $31,000. Quent Capital LLC purchased a new position in Dorman Products during the fourth quarter valued at $31,000. Finally, Newbridge Financial Services Group Inc. purchased a new position in Dorman Products during the fourth quarter valued at $42,000. Institutional investors own 84.70% of the company’s stock.

Dorman Products Price Performance

DORM opened at $127.59 on Friday. The stock has a 50-day moving average price of $128.03 and a 200-day moving average price of $125.64. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.34 and a quick ratio of 1.16. The firm has a market cap of $3.90 billion, a PE ratio of 21.34 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.

Dorman Products (NASDAQ:DORM) last issued 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. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. The business had revenue of $533.77 million during the quarter, compared to analyst estimates of $523.95 million. Sell-side analysts predict that Dorman Products, Inc. will post 6.9 earnings per share for the current fiscal year.

Insider Buying and Selling at Dorman Products

In related news, SVP Donna M. Long sold 742 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $130.38, for a total transaction of $96,741.96. Following the completion of 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Steven L. Berman sold 2,633 shares of the business’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $132.52, for a total value of $348,925.16. Following the completion of the transaction, the director now directly owns 833,812 shares in the company, valued at approximately $110,496,766.24. This represents a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 42,090 shares of company stock worth $5,575,927 in the last three months. 10.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Dorman Products from a “strong-buy” rating to a “buy” rating in a research report on Friday.

About Dorman Products

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.