Janney Montgomery Scott LLC lowered its position in Dorman Products Inc. (NASDAQ:DORM) by 13.6% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 17,352 shares of the auto parts company’s stock after selling 2,722 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Dorman Products were worth $1,335,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently modified their holdings of the company. NumerixS Investment Technologies Inc lifted its position in Dorman Products by 1,500.0% during the second quarter. NumerixS Investment Technologies Inc now owns 1,600 shares of the auto parts company’s stock valued at $112,000 after purchasing an additional 1,500 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new position in Dorman Products during the second quarter valued at $115,000. First Hawaiian Bank purchased a new position in Dorman Products during the third quarter valued at $203,000. CIBC Asset Management Inc purchased a new position in Dorman Products during the third quarter valued at $204,000. Finally, BB&T Corp purchased a new position in shares of Dorman Products in the third quarter valued at about $212,000. 79.82% of the stock is owned by institutional investors.
In other news, CEO Mathias J. Barton sold 18,986 shares of the business’s stock in a transaction dated Thursday, September 13th. The stock was sold at an average price of $81.34, for a total value of $1,544,321.24. Following the transaction, the chief executive officer now directly owns 111,011 shares in the company, valued at $9,029,634.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 11.90% of the stock is owned by insiders.
Shares of Dorman Products stock opened at $85.67 on Friday. Dorman Products Inc. has a 52 week low of $56.36 and a 52 week high of $91.32. The stock has a market capitalization of $2.79 billion, a PE ratio of 25.42, a price-to-earnings-growth ratio of 1.55 and a beta of 0.96.
Dorman Products (NASDAQ:DORM) last announced its quarterly earnings data on Thursday, October 25th. The auto parts company reported $1.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.02. Dorman Products had a return on equity of 19.80% and a net margin of 12.85%. The business had revenue of $247.95 million for the quarter, compared to the consensus estimate of $234.46 million. As a group, sell-side analysts predict that Dorman Products Inc. will post 4.18 EPS for the current fiscal year.
Dorman Products Profile
Dorman Products, Inc supplies automotive replacement parts, automotive hardware, and brake products to the automotive aftermarket and mass merchandise markets in the United States, Canada, Mexico, Europe, the Middle East, and Australia. It offers original equipment dealer products, such as intake manifolds, exhaust manifolds, window regulators, radiator fan assemblies, tire pressure monitor sensors, exhaust gas recirculation coolers, and complex electronics modules; fluid reservoirs, variable valve timing components, complex electronics, and integrated door lock actuators; and fasteners, including oil drain plugs, wheel bolts, and wheel lug nuts.
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