Renaissance Technologies LLC Sells 49,700 Shares of Dorman Products, Inc. $DORM

Renaissance Technologies LLC trimmed its stake in Dorman Products, Inc. (NASDAQ:DORM) by 54.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 42,200 shares of the auto parts company’s stock after selling 49,700 shares during the period. Renaissance Technologies LLC owned approximately 0.14% of Dorman Products worth $4,404,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Congruence Capital LLC bought a new position in shares of Dorman Products in the 4th quarter worth $1,998,000. First Eagle Investment Management LLC bought a new stake in shares of Dorman Products during the 4th quarter worth $9,035,000. KTF Investments LLC purchased a new position in Dorman Products in the fourth quarter worth $13,681,000. UBS Group AG grew its position in Dorman Products by 90.1% in the fourth quarter. UBS Group AG now owns 95,609 shares of the auto parts company’s stock worth $11,778,000 after acquiring an additional 45,314 shares in the last quarter. Finally, Norges Bank bought a new position in Dorman Products in the fourth quarter valued at $41,488,000. 84.70% of the stock is owned by hedge funds and other institutional investors.

Dorman Products Stock Down 2.8%

Shares of NASDAQ DORM opened at $137.58 on Friday. The company 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 fifty day moving average is $133.21 and its 200 day moving average is $121.96. The company has a quick ratio of 1.28, a current ratio of 3.60 and a debt-to-equity ratio of 0.29. Dorman Products, Inc. has a 52 week low of $98.44 and a 52 week high of $166.89.

Dorman Products (NASDAQ:DORM) last posted its earnings results on Monday, August 3rd. The auto parts company reported $3.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $1.19. Dorman Products had a net margin of 10.18% and a return on equity of 19.37%. The company had revenue of $544.60 million during the quarter, compared to analyst estimates of $582.24 million. During the same period in the prior year, the business posted $2.06 earnings per share. Dorman Products’s revenue for the quarter was up .7% on a year-over-year basis. Dorman Products has set its FY 2026 guidance at 8.500-8.800 EPS. On average, equities research analysts expect that Dorman Products, Inc. will post 8.48 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

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.