Dorman Products, Inc. $DORM Stake Increased by Quantbot Technologies LP

Quantbot Technologies LP increased its holdings in shares of Dorman Products, Inc. (NASDAQ:DORM) by 95.4% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 17,719 shares of the auto parts company’s stock after purchasing an additional 8,653 shares during the quarter. Quantbot Technologies LP’s holdings in Dorman Products were worth $2,762,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of DORM. Norges Bank acquired a new stake in Dorman Products during the 2nd quarter worth about $40,449,000. Tributary Capital Management LLC lifted its position in shares of Dorman Products by 90.5% in the third quarter. Tributary Capital Management LLC now owns 234,388 shares of the auto parts company’s stock worth $36,536,000 after purchasing an additional 111,380 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Dorman Products by 29.8% during the second quarter. Ameriprise Financial Inc. now owns 398,549 shares of the auto parts company’s stock worth $48,890,000 after purchasing an additional 91,549 shares during the period. Bessemer Group Inc. boosted its holdings in shares of Dorman Products by 76.5% during the third quarter. Bessemer Group Inc. now owns 193,170 shares of the auto parts company’s stock worth $30,109,000 after purchasing an additional 83,725 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Dorman Products by 140.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 126,834 shares of the auto parts company’s stock valued at $15,289,000 after purchasing an additional 74,170 shares in the last quarter. 84.70% of the stock is owned by institutional investors and hedge funds.

Dorman Products Stock Performance

Shares of DORM opened at $116.22 on Wednesday. The firm has a market cap of $3.51 billion, a price-to-earnings ratio of 17.50 and a beta of 0.92. The company’s fifty day moving average is $125.80 and its 200-day moving average is $137.48. The company has a quick ratio of 1.14, a current ratio of 3.09 and a debt-to-equity ratio of 0.27. Dorman Products, Inc. has a 12 month low of $106.95 and a 12 month high of $166.89.

Dorman Products (NASDAQ:DORM) last issued its quarterly earnings data on Wednesday, February 25th. The auto parts company reported $2.17 earnings per share (EPS) 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 net margin of 9.59% and a return on equity of 19.15%. Dorman Products’s revenue for the quarter was up .8% on a year-over-year basis. During the same period in the prior year, the company posted $2.20 earnings per share. Dorman Products has set its FY 2026 guidance at 8.100-8.50 EPS. Equities analysts expect that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

Insider Activity

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Wall Street Zen downgraded shares of Dorman Products from a “buy” rating to a “hold” rating in a research report on Saturday. Jefferies Financial Group raised shares of 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. Weiss Ratings lowered Dorman Products from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, January 30th. Finally, Wells Fargo & Company lowered their target price on Dorman Products from $150.00 to $140.00 and set an “overweight” rating on the stock in a research note on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $165.40.

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.