Squarepoint Ops LLC Has $4.69 Million Stake in Dorman Products, Inc. $DORM

Squarepoint Ops LLC trimmed its position in shares of Dorman Products, Inc. (NASDAQ:DORM) by 18.2% in the second quarter, Holdings Channel reports. The fund owned 34,343 shares of the auto parts company’s stock after selling 7,646 shares during the quarter. Squarepoint Ops LLC’s holdings in Dorman Products were worth $4,686,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in DORM. Allworth Financial LP acquired a new position in shares of Dorman Products during the 2nd quarter worth about $25,000. Northwestern Mutual Wealth Management Co. acquired a new stake in Dorman Products in the 2nd quarter valued at approximately $26,000. EverSource Wealth Advisors LLC grew its holdings in Dorman Products by 594.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 236 shares of the auto parts company’s stock valued at $29,000 after buying an additional 202 shares during the last quarter. Miller Capital Partners Inc. bought a new position in Dorman Products in the 4th quarter worth approximately $37,000. Finally, Sankala Group LLC bought a new position in Dorman Products in the 4th quarter worth approximately $47,000. 84.70% of the stock is currently owned by institutional investors.

Dorman Products Trading Up 0.0%

Shares of DORM stock opened at $126.66 on Friday. Dorman Products, Inc. has a 52-week low of $98.44 and a 52-week high of $165.43. The stock has a market cap of $3.76 billion, a price-to-earnings ratio of 17.54 and a beta of 0.99. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.73 and a current ratio of 3.60. The firm has a fifty day moving average of $134.36 and a 200-day moving average of $122.64.

Dorman Products (NASDAQ:DORM) last issued its earnings results on Monday, August 3rd. The auto parts company reported $3.08 earnings per share for the quarter, beating the consensus estimate of $1.89 by $1.19. The business had revenue of $544.60 million for the quarter, compared to analyst estimates of $582.24 million. Dorman Products had a net margin of 10.18% and a return on equity of 19.37%. The firm’s revenue was up .7% on a year-over-year basis. During the same period in the previous year, the business earned $2.06 EPS. Dorman Products has set its FY 2026 guidance at 8.500-8.800 EPS. On average, equities research analysts forecast that Dorman Products, Inc. will post 8.65 earnings per share for the current fiscal year.

Insider Activity

In other news, CAO Gregory Bowen sold 3,531 shares of the stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $145.01, for a total value of $512,030.31. Following the completion of the transaction, the chief accounting officer directly owned 5,340 shares of the company’s stock, valued at approximately $774,353.40. This represents a 39.80% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 7.70% of the company’s stock.

Analysts Set New Price Targets

DORM has been the subject of several research reports. Zacks Research raised Dorman Products from a “strong sell” rating to a “hold” rating in a research report on Friday, May 15th. Wells Fargo & Company upped their target price on shares of Dorman Products from $155.00 to $160.00 and gave the company an “overweight” rating in a research note on Wednesday, August 5th. Freedom Capital lowered shares of Dorman Products from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 10th. Weiss Ratings raised Dorman Products from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 10th. Finally, Roth Capital reiterated a “buy” rating on shares of Dorman Products in a research report on Wednesday, August 5th. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Dorman Products currently has a consensus rating of “Moderate Buy” and an average target price of $156.00.

Dorman Products Company Profile

Dorman Products, Inc is an automotive parts supplier that designs, manufactures, packages and distributes replacement components for the automotive aftermarket. The company serves vehicle owners, professional repair shops and distributors with parts intended to restore or improve the performance of cars, trucks and other vehicles.

Its product portfolio includes components for vehicle chassis, suspension, steering, brakes, drivetrain, powertrain, electrical systems, heating and air conditioning, body hardware and engine systems.