Intech Investment Management LLC Reduces Stock Position in Dorman Products, Inc. $DORM

Intech Investment Management LLC decreased its position in Dorman Products, Inc. (NASDAQ:DORM) by 33.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 21,994 shares of the auto parts company’s stock after selling 11,249 shares during the quarter. Intech Investment Management LLC owned about 0.07% of Dorman Products worth $3,428,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DORM. TD Private Client Wealth LLC grew its holdings in shares of Dorman Products by 5.9% during the third quarter. TD Private Client Wealth LLC now owns 1,457 shares of the auto parts company’s stock worth $227,000 after buying an additional 81 shares in the last quarter. Private Trust Co. NA lifted its stake in shares of Dorman Products by 101.2% during the third quarter. Private Trust Co. NA now owns 165 shares of the auto parts company’s stock valued at $26,000 after buying an additional 83 shares during the period. Nisa Investment Advisors LLC boosted its position in Dorman Products by 0.9% during the third quarter. Nisa Investment Advisors LLC now owns 9,539 shares of the auto parts company’s stock worth $1,487,000 after acquiring an additional 86 shares during the last quarter. Jones Financial Companies Lllp grew its stake in Dorman Products by 26.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 417 shares of the auto parts company’s stock worth $65,000 after acquiring an additional 88 shares during the period. Finally, PNC Financial Services Group Inc. grew its stake in Dorman Products by 2.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 3,300 shares of the auto parts company’s stock worth $514,000 after acquiring an additional 88 shares during the period. 84.70% of the stock is currently owned by hedge funds and other institutional investors.

Dorman Products Stock Up 1.1%

Shares of Dorman Products stock opened at $117.86 on Monday. Dorman Products, Inc. has a twelve month low of $106.95 and a twelve month high of $166.89. The stock has a market cap of $3.60 billion, a price-to-earnings ratio of 17.75 and a beta of 0.92. The company has a current ratio of 3.09, a quick ratio of 1.14 and a debt-to-equity ratio of 0.27. The company has a fifty day moving average price of $126.17 and a 200 day moving average price of $138.02.

Dorman Products (NASDAQ:DORM) last released its quarterly earnings results on Wednesday, February 25th. The auto parts company reported $2.17 earnings per share for the quarter, topping analysts’ consensus estimates of $2.15 by $0.02. The firm had revenue of $537.93 million during the quarter, compared to analysts’ expectations of $573.38 million. Dorman Products had a return on equity of 19.15% and a net margin of 9.59%.Dorman Products’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.20 EPS. Dorman Products has set its FY 2026 guidance at 8.100-8.50 EPS. Equities research analysts forecast that Dorman Products, Inc. will post 6.9 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider John Mcknight sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $128.80, for a total transaction of $257,600.00. Following the sale, the insider directly owned 9,112 shares of the company’s stock, valued at approximately $1,173,625.60. This represents a 18.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Donna M. Long sold 812 shares of the firm’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $123.75, for a total value of $100,485.00. Following the transaction, the senior vice president owned 17,856 shares in the company, valued at $2,209,680. This trade represents a 4.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 8.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Wall Street Zen lowered Dorman Products from a “buy” rating to a “hold” rating in a research note on Saturday. Wells Fargo & Company dropped their target price on Dorman Products from $150.00 to $140.00 and set an “overweight” rating for the company in a research note on Friday. Finally, Weiss Ratings downgraded Dorman Products from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $171.75.

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.