Mawer Investment Management Ltd. Invests $11.24 Million in Dorman Products, Inc. $DORM

Mawer Investment Management Ltd. purchased a new position in Dorman Products, Inc. (NASDAQ:DORM) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 91,249 shares of the auto parts company’s stock, valued at approximately $11,241,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of DORM. AQR Capital Management LLC boosted its stake in shares of Dorman Products by 37.4% in the 1st quarter. AQR Capital Management LLC now owns 4,220 shares of the auto parts company’s stock worth $509,000 after buying an additional 1,148 shares during the last quarter. Integrated Wealth Concepts LLC boosted its stake in shares of Dorman Products by 14.2% in the 1st quarter. Integrated Wealth Concepts LLC now owns 3,755 shares of the auto parts company’s stock worth $453,000 after buying an additional 468 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Dorman Products by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,381 shares of the auto parts company’s stock worth $1,854,000 after buying an additional 662 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Dorman Products by 74.6% in the 1st quarter. Millennium Management LLC now owns 33,021 shares of the auto parts company’s stock worth $3,980,000 after buying an additional 14,110 shares during the last quarter. Finally, United Services Automobile Association purchased a new position in shares of Dorman Products in the 1st quarter worth $215,000. 84.70% of the stock is currently owned by hedge funds and other institutional investors.

Dorman Products Price Performance

Shares of Dorman Products stock opened at $122.71 on Tuesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.28 and a current ratio of 3.29. The stock’s fifty day moving average is $112.18 and its 200 day moving average is $120.03. The stock has a market cap of $3.67 billion, a P/E ratio of 19.79 and a beta of 0.99. Dorman Products, Inc. has a one year low of $98.44 and a one year high of $166.89.

Dorman Products (NASDAQ:DORM) last posted its quarterly earnings results on Monday, May 4th. The auto parts company reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.05. The business had revenue of $528.77 million for the quarter, compared to analysts’ expectations of $524.80 million. Dorman Products had a return on equity of 17.73% and a net margin of 8.84%.The business’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period last year, the firm earned $2.02 earnings per share. Dorman Products has set its FY 2026 guidance at 8.100-8.500 EPS. Sell-side analysts anticipate that Dorman Products, Inc. will post 8.22 earnings per share for the current year.

Analyst Ratings Changes

DORM has been the topic of a number of research reports. Jefferies Financial Group upgraded Dorman Products from a “hold” rating to a “buy” rating and dropped their price target for the stock from $159.00 to $140.00 in a research note on Monday, March 2nd. Stephens reaffirmed an “overweight” rating and issued a $150.00 target price on shares of Dorman Products in a report on Wednesday, March 18th. Zacks Research raised Dorman Products from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Wells Fargo & Company decreased their target price on Dorman Products from $150.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday, February 27th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $150.00 target price on shares of Dorman Products in a report on Monday, May 4th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Dorman Products presently has a consensus rating of “Moderate Buy” and a consensus target price of $157.00.

Insider Buying and Selling

In other Dorman Products news, SVP Donna M. Long sold 947 shares of the firm’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $103.07, for a total transaction of $97,607.29. Following the sale, the senior vice president directly owned 20,073 shares of the company’s stock, valued at $2,068,924.11. This trade represents a 4.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 7.70% of the stock is currently owned by corporate insiders.

About Dorman Products

Dorman Products, Inc is a leading independent global supplier of automotive aftermarket parts and hardware. Headquartered in Colmar, Pennsylvania, the company specializes in the design, manufacture and distribution of replacement components for passenger cars, light trucks and commercial vehicles. Dorman’s offerings span both mechanical and electrical systems, providing solutions that help repair shops and retailers address wear-out and collision-related failures on domestic and import vehicles.

The company’s extensive product portfolio includes steering and suspension components, brake system parts, engine management and cooling products, exterior and body hardware, and an array of fasteners, clips and brackets.