Renaissance Technologies LLC Lowers Position in Dorman Products, Inc. $DORM

Renaissance Technologies LLC cut its position in shares of Dorman Products, Inc. (NASDAQ:DORM) by 54.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 42,200 shares of the auto parts company’s stock after selling 49,700 shares during the quarter. Renaissance Technologies LLC’s holdings in Dorman Products were worth $4,404,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its holdings in Dorman Products by 4.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,099,352 shares of the auto parts company’s stock worth $114,725,000 after purchasing an additional 51,653 shares in the last quarter. State Street Corp boosted its holdings in shares of Dorman Products by 0.7% during the 4th quarter. State Street Corp now owns 1,061,708 shares of the auto parts company’s stock valued at $130,792,000 after buying an additional 7,846 shares in the last quarter. Jennison Associates LLC grew its position in shares of Dorman Products by 1.5% in the 1st quarter. Jennison Associates LLC now owns 826,285 shares of the auto parts company’s stock worth $86,231,000 after buying an additional 12,504 shares during the period. Geode Capital Management LLC grew its position in shares of Dorman Products by 3.8% in the 4th quarter. Geode Capital Management LLC now owns 713,255 shares of the auto parts company’s stock worth $87,880,000 after buying an additional 26,229 shares during the period. Finally, Wellington Management Group LLP increased its stake in shares of Dorman Products by 8.8% in the 4th quarter. Wellington Management Group LLP now owns 507,662 shares of the auto parts company’s stock worth $62,539,000 after acquiring an additional 40,928 shares in the last quarter. 84.70% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Barrington Research reissued an “outperform” rating and set a $150.00 price target on shares of Dorman Products in a research report on Monday, May 4th. Zacks Research raised shares of Dorman Products from a “strong sell” rating to a “hold” rating in a research note on Friday, May 15th. Weiss Ratings upgraded shares of Dorman Products from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 10th. Wells Fargo & Company boosted their price target on Dorman Products from $155.00 to $160.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Roth Capital restated a “buy” rating on shares of Dorman Products in a research note on Wednesday. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $160.33.

Dorman Products Stock Performance

Shares of Dorman Products stock opened at $137.58 on Friday. The stock has a market cap of $4.11 billion, a price-to-earnings ratio of 19.06 and a beta of 0.98. The firm’s 50-day moving average is $133.21 and its 200 day moving average is $121.96. Dorman Products, Inc. has a 1 year low of $98.44 and a 1 year high of $166.89. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.60 and a quick ratio of 1.28.

Dorman Products (NASDAQ:DORM) last released its quarterly earnings data on Monday, August 3rd. The auto parts company reported $3.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $1.19. The business had revenue of $544.60 million during the quarter, compared to analyst estimates of $582.24 million. Dorman Products had a net margin of 10.18% and a return on equity of 19.37%. Dorman Products’s revenue was up .7% compared to the same quarter last year. During the same period last year, the business earned $2.06 EPS. Dorman Products has set its FY 2026 guidance at 8.500-8.800 EPS. Sell-side analysts anticipate that Dorman Products, Inc. will post 8.48 EPS for the current fiscal year.

Dorman Products Company Profile

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.