M&T Bank Corp Reduces Stake in Dorman Products, Inc. (NASDAQ:DORM)

M&T Bank Corp reduced its position in Dorman Products, Inc. (NASDAQ:DORM) by 13.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,205 shares of the auto parts company’s stock after selling 4,095 shares during the period. M&T Bank Corp owned about 0.09% of Dorman Products worth $3,524,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of DORM. Westside Investment Management Inc. purchased a new position in Dorman Products in the 3rd quarter valued at approximately $29,000. Jones Financial Companies Lllp increased its stake in Dorman Products by 518.4% in the 4th quarter. Jones Financial Companies Lllp now owns 235 shares of the auto parts company’s stock valued at $30,000 after purchasing an additional 197 shares in the last quarter. Farther Finance Advisors LLC increased its stake in Dorman Products by 5,460.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 278 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 273 shares in the last quarter. Advisors Asset Management Inc. purchased a new position in Dorman Products in the 3rd quarter valued at approximately $31,000. Finally, Quent Capital LLC purchased a new position in Dorman Products in the 4th quarter valued at approximately $31,000. 84.70% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Dorman Products

In other news, SVP Donna M. Long sold 742 shares of the firm’s stock in a transaction 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 sale, the senior vice president now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Steven L. Berman sold 9,238 shares of the firm’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $132.73, for a total value of $1,226,159.74. Following the sale, the director now owns 788,688 shares in the company, valued at $104,682,558.24. This trade represents a 1.16 % 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 quarter. 10.00% of the stock is currently owned by insiders.

Dorman Products Price Performance

Shares of NASDAQ:DORM opened at $124.91 on Friday. The business’s fifty day moving average price is $128.37 and its two-hundred day moving average price is $125.11. The stock has a market cap of $3.82 billion, a PE ratio of 20.89 and a beta of 0.84. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 2.34. Dorman Products, Inc. has a one year low of $86.61 and a one year high of $146.60.

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

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Dorman Products from a “buy” rating to a “strong-buy” rating in a report on Friday, February 28th.

Dorman Products Company 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.