Tributary Capital Management LLC reduced its position in shares of Dorman Products, Inc. (NASDAQ:DORM) by 1.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 241,257 shares of the auto parts company’s stock after selling 2,667 shares during the period. Dorman Products comprises approximately 1.5% of Tributary Capital Management LLC’s portfolio, making the stock its 23rd largest position. Tributary Capital Management LLC owned approximately 0.71% of Dorman Products worth $17,279,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Pinebridge Investments L.P. lifted its position in shares of Dorman Products by 0.3% during the 2nd quarter. Pinebridge Investments L.P. now owns 3,976 shares of the auto parts company’s stock worth $329,000 after purchasing an additional 11 shares during the last quarter. Sheets Smith Wealth Management lifted its position in shares of Dorman Products by 0.4% during the 2nd quarter. Sheets Smith Wealth Management now owns 3,690 shares of the auto parts company’s stock worth $305,000 after purchasing an additional 15 shares during the last quarter. Alps Advisors Inc. lifted its position in shares of Dorman Products by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 6,014 shares of the auto parts company’s stock worth $498,000 after purchasing an additional 16 shares during the last quarter. YorkBridge Wealth Partners LLC lifted its position in shares of Dorman Products by 3.0% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,390 shares of the auto parts company’s stock worth $115,000 after purchasing an additional 41 shares during the last quarter. Finally, NGAM Advisors L.P. lifted its position in shares of Dorman Products by 0.3% during the 2nd quarter. NGAM Advisors L.P. now owns 20,645 shares of the auto parts company’s stock worth $1,709,000 after purchasing an additional 52 shares during the last quarter. 75.52% of the stock is owned by institutional investors and hedge funds.

In related news, Director Paul R. Lederer sold 1,800 shares of the stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $74.82, for a total value of $134,676.00. Following the sale, the director now owns 16,961 shares of the company’s stock, valued at approximately $1,269,022.02. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 11.70% of the stock is owned by company insiders.

DORM has been the subject of several recent analyst reports. Zacks Investment Research cut shares of Dorman Products from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. FBR & Co reaffirmed a “mkt perform” rating and set a $74.50 price objective on shares of Dorman Products in a research report on Tuesday, July 18th. Finally, BidaskClub cut shares of Dorman Products from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. Dorman Products currently has an average rating of “Hold” and an average target price of $78.00.

Dorman Products, Inc. (NASDAQ DORM) traded down 0.20% on Monday, reaching $71.56. 45,439 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $70.31 and its 200 day moving average price is $76.21. Dorman Products, Inc. has a 1-year low of $60.00 and a 1-year high of $88.50. The firm has a market capitalization of $2.43 billion, a price-to-earnings ratio of 21.75 and a beta of 0.64.

Dorman Products (NASDAQ:DORM) last posted its quarterly earnings results on Tuesday, August 1st. The auto parts company reported $0.83 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.84 by ($0.01). Dorman Products had a return on equity of 18.64% and a net margin of 12.66%. The business had revenue of $229.26 million during the quarter, compared to the consensus estimate of $225.91 million. During the same quarter in the previous year, the business posted $0.75 earnings per share. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. On average, analysts expect that Dorman Products, Inc. will post $3.45 earnings per share for the current year.

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Dorman Products Profile

Dorman Products, Inc is a supplier of replacement parts and fasteners for passenger cars, light trucks and heavy duty trucks in the automotive aftermarket. As of December 31, 2016, the Company distributed and marketed approximately 155,000 different stock keeping units (SKU’s) of automotive replacement parts and fasteners.

Institutional Ownership by Quarter for Dorman Products (NASDAQ:DORM)

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