BNP Paribas Financial Markets Trims Stake in Dorman Products, Inc. (NASDAQ:DORM)

BNP Paribas Financial Markets cut its stake in Dorman Products, Inc. (NASDAQ:DORM) by 5.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 23,504 shares of the auto parts company’s stock after selling 1,324 shares during the quarter. BNP Paribas Financial Markets’ holdings in Dorman Products were worth $1,960,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of DORM. Assenagon Asset Management S.A. lifted its stake in shares of Dorman Products by 182.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 213,464 shares of the auto parts company’s stock valued at $17,805,000 after purchasing an additional 137,979 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of Dorman Products by 47.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 145,412 shares of the auto parts company’s stock valued at $11,016,000 after buying an additional 46,492 shares in the last quarter. Sheets Smith Wealth Management purchased a new stake in shares of Dorman Products in the 4th quarter worth about $1,376,000. Illinois Municipal Retirement Fund bought a new position in shares of Dorman Products in the 3rd quarter worth about $1,237,000. Finally, Louisiana State Employees Retirement System purchased a new position in Dorman Products during the 4th quarter valued at about $1,184,000. 84.70% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, SVP Donna M. Long sold 500 shares of Dorman Products stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $92.06, for a total transaction of $46,030.00. Following the transaction, the senior vice president now directly owns 20,126 shares of the company’s stock, valued at approximately $1,852,799.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 10.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Barrington Research restated an “outperform” rating and issued a $90.00 price objective on shares of Dorman Products in a report on Tuesday, February 27th. Roth Mkm restated a “buy” rating and issued a $116.00 price target on shares of Dorman Products in a research note on Monday, March 25th. StockNews.com upgraded Dorman Products from a “hold” rating to a “buy” rating in a research note on Thursday, March 7th. Finally, TheStreet raised Dorman Products from a “c+” rating to a “b” rating in a research report on Wednesday, March 20th.

Dorman Products Price Performance

Shares of NASDAQ:DORM opened at $92.00 on Friday. The firm’s 50 day moving average price is $92.06 and its 200-day moving average price is $84.81. The company has a quick ratio of 1.17, a current ratio of 2.50 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $2.85 billion, a PE ratio of 18.51 and a beta of 0.83. Dorman Products, Inc. has a twelve month low of $60.01 and a twelve month high of $98.55.

Dorman Products (NASDAQ:DORM) last issued its quarterly earnings data on Tuesday, May 7th. The auto parts company reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.49. Dorman Products had a net margin of 8.10% and a return on equity of 14.61%. The firm had revenue of $468.70 million during the quarter, compared to the consensus estimate of $472.35 million. During the same quarter in the previous year, the firm posted $0.56 EPS. The company’s revenue for the quarter was up .4% compared to the same quarter last year. Equities research analysts expect that Dorman Products, Inc. will post 5.64 EPS for the current year.

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.