Vanguard Group Inc. Cuts Holdings in Dorman Products, Inc. $DORM

Vanguard Group Inc. decreased its holdings in Dorman Products, Inc. (NASDAQ:DORM) by 2.9% in the fourth quarter, Holdings Channel reports. The firm owned 2,971,733 shares of the auto parts company’s stock after selling 89,844 shares during the quarter. Vanguard Group Inc. owned 0.10% of Dorman Products worth $366,088,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of DORM. AQR Capital Management LLC lifted its holdings in shares of Dorman Products by 37.4% during the first quarter. AQR Capital Management LLC now owns 4,220 shares of the auto parts company’s stock valued at $509,000 after purchasing an additional 1,148 shares in the last quarter. Integrated Wealth Concepts LLC increased its holdings in 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in 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 in the last quarter. Millennium Management LLC raised its position in 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 Dorman Products in the 1st quarter worth about $215,000. Hedge funds and other institutional investors own 84.70% of the company’s stock.

Insider Buying and Selling

In other Dorman Products news, SVP Donna M. Long sold 947 shares of the stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $103.07, for a total value of $97,607.29. Following the transaction, the senior vice president directly owned 20,073 shares in the company, valued at approximately $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 accessible through this hyperlink. Corporate insiders own 7.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on DORM. Wall Street Zen downgraded shares of Dorman Products from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Weiss Ratings cut shares of Dorman Products from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, January 30th. Stephens restated an “overweight” rating and set a $150.00 price objective on shares of Dorman Products in a research report on Wednesday, March 18th. Jefferies Financial Group raised shares of Dorman Products from a “hold” rating to a “buy” rating and cut their target price for the stock from $159.00 to $140.00 in a research report on Monday, March 2nd. Finally, Wells Fargo & Company decreased their target price on shares of Dorman Products from $150.00 to $140.00 and set an “overweight” rating for the company in a research note on Friday, February 27th. Six analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $157.00.

Dorman Products Trading Up 2.6%

Shares of NASDAQ:DORM opened at $122.61 on Thursday. The stock’s 50-day simple moving average is $108.60 and its two-hundred day simple moving average is $122.61. The stock has a market capitalization of $3.70 billion, a price-to-earnings ratio of 19.78 and a beta of 0.97. Dorman Products, Inc. has a 52-week low of $98.44 and a 52-week high of $166.89. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.14 and a current ratio of 3.29.

Dorman Products (NASDAQ:DORM) last released its quarterly earnings results on Monday, May 4th. The auto parts company reported $1.57 EPS for the quarter, beating the consensus estimate of $1.52 by $0.05. The firm had revenue of $528.77 million during the quarter, compared to analyst estimates of $524.80 million. Dorman Products had a net margin of 8.84% and a return on equity of 17.73%. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.02 EPS. Dorman Products has set its FY 2026 guidance at 8.100-8.500 EPS. Analysts expect that Dorman Products, Inc. will post 8.2 EPS for the current year.

Dorman Products 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.