Nicholas Company Inc. Cuts Stake in Dorman Products, Inc. (NASDAQ:DORM)

Nicholas Company Inc. reduced its stake in Dorman Products, Inc. (NASDAQ:DORM) by 4.3% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 84,729 shares of the auto parts company’s stock after selling 3,851 shares during the quarter. Nicholas Company Inc. owned 0.28% of Dorman Products worth $10,977,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in 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 during the period. Quent Capital LLC bought a new position in Dorman Products during the fourth quarter worth about $31,000. Westside Investment Management Inc. bought a new position in Dorman Products during the third quarter worth about $29,000. Advisors Asset Management Inc. bought a new position in Dorman Products during the third quarter worth about $31,000. Finally, Newbridge Financial Services Group Inc. bought a new position in Dorman Products during the fourth quarter worth about $42,000. 84.70% of the stock is owned by hedge funds and other institutional investors.

Dorman Products Trading Up 1.8 %

Shares of Dorman Products stock opened at $127.59 on Friday. Dorman Products, Inc. has a 12-month low of $86.61 and a 12-month high of $146.60. The company has a market cap of $3.90 billion, a price-to-earnings ratio of 21.34 and a beta of 0.84. 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 company’s 50-day moving average price is $128.03 and its 200-day moving average price is $125.64.

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

Insider Buying and Selling at Dorman Products

In other Dorman Products news, SVP Donna M. Long sold 742 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $130.38, for a total transaction of $96,741.96. Following the transaction, the senior vice president now directly owns 19,894 shares in the company, valued at $2,593,779.72. This trade represents a 3.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Steven L. Berman sold 8,485 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $136.83, for a total transaction of $1,161,002.55. Following the completion of the transaction, the director now owns 867,671 shares in the company, valued at $118,723,422.93. This represents a 0.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 42,090 shares of company stock worth $5,575,927 over the last ninety days. Insiders own 10.00% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Dorman Products from a “strong-buy” rating to a “buy” rating in a 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.