WCM Investment Management LLC Sells 43,666 Shares of Dorman Products, Inc. $DORM

WCM Investment Management LLC decreased its position in Dorman Products, Inc. (NASDAQ:DORM) by 33.8% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 85,610 shares of the auto parts company’s stock after selling 43,666 shares during the quarter. WCM Investment Management LLC’s holdings in Dorman Products were worth $8,780,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. AQR Capital Management LLC boosted its holdings in Dorman Products by 37.4% during the 1st quarter. AQR Capital Management LLC now owns 4,220 shares of the auto parts company’s stock valued at $509,000 after acquiring an additional 1,148 shares during the period. Integrated Wealth Concepts LLC boosted its position in Dorman Products by 14.2% during the 1st quarter. Integrated Wealth Concepts LLC now owns 3,755 shares of the auto parts company’s stock valued at $453,000 after acquiring an additional 468 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Dorman Products by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,381 shares of the auto parts company’s stock worth $1,854,000 after purchasing an additional 662 shares during the period. Millennium Management LLC boosted its holdings in shares of Dorman Products by 74.6% during the 1st quarter. Millennium Management LLC now owns 33,021 shares of the auto parts company’s stock valued at $3,980,000 after buying an additional 14,110 shares in the last quarter. Finally, United Services Automobile Association bought a new stake in shares of Dorman Products during the 1st quarter valued at $215,000. 84.70% of the stock is owned by institutional investors.

Dorman Products Stock Down 3.0%

Shares of DORM stock opened at $137.67 on Tuesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.29 and a quick ratio of 1.28. The company’s fifty day moving average price is $128.43 and its 200-day moving average price is $120.94. The company has a market capitalization of $4.11 billion, a price-to-earnings ratio of 22.20 and a beta of 0.97. Dorman Products, Inc. has a one year low of $98.44 and a one year high of $166.89.

Dorman Products (NASDAQ:DORM) last announced its quarterly earnings data 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. Dorman Products had a return on equity of 17.73% and a net margin of 8.84%.The business had revenue of $528.77 million for the quarter, compared to the consensus estimate of $524.80 million. During the same period in the previous year, the business earned $2.02 earnings per share. The business’s revenue was up 4.2% on a year-over-year basis. Dorman Products has set its FY 2026 guidance at 8.100-8.500 EPS. Sell-side analysts expect that Dorman Products, Inc. will post 8.22 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on DORM shares. Weiss Ratings upgraded Dorman Products from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 10th. Barrington Research reiterated an “outperform” rating and issued a $150.00 price target on shares of Dorman Products in a research note on Monday, May 4th. Finally, Zacks Research upgraded Dorman Products from a “strong sell” rating to a “hold” rating in a research report on Friday, May 15th. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $157.00.

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.