Amundi Sells 2,781 Shares of Dorman Products, Inc. $DORM

Key Points

• Amundi reduced its stake in Dorman Products by 19.7% in Q1, now holding 11,368 shares valued at approximately $1.31 million.
• Multiple institutional investors increased their positions in Dorman Products, with USA Financial Formulas raising its stake by 127.6% during the same period.
• Dorman Products reported $2.06 earnings per share for Q2, exceeding analysts' expectations, with revenue of $540.96 million up 7.6% year-over-year.

Amundi lessened its stake in shares of Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 19.7% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,368 shares of the auto parts company's stock after selling 2,781 shares during the quarter. Amundi's holdings in Dorman Products were worth $1,312,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. USA Financial Formulas boosted its stake in shares of Dorman Products by 127.6% during the first quarter. USA Financial Formulas now owns 387 shares of the auto parts company's stock valued at $47,000 after purchasing an additional 217 shares during the period. Blue Trust Inc. boosted its stake in shares of Dorman Products by 42.5% during the first quarter. Blue Trust Inc. now owns 503 shares of the auto parts company's stock valued at $61,000 after purchasing an additional 150 shares during the period. TD Private Client Wealth LLC lifted its stake in Dorman Products by 51.3% in the first quarter. TD Private Client Wealth LLC now owns 575 shares of the auto parts company's stock worth $69,000 after acquiring an additional 195 shares during the period. Vestcor Inc purchased a new stake in Dorman Products in the first quarter worth $92,000. Finally, GAMMA Investing LLC lifted its stake in Dorman Products by 40.8% in the first quarter. GAMMA Investing LLC now owns 945 shares of the auto parts company's stock worth $114,000 after acquiring an additional 274 shares during the period. Hedge funds and other institutional investors own 84.70% of the company's stock.

Analyst Upgrades and Downgrades

DORM has been the subject of a number of research analyst reports. Wall Street Zen lowered Dorman Products from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 9th. BMO Capital Markets assumed coverage on Dorman Products in a report on Thursday. They set an "outperform" rating and a $180.00 price target for the company. Roth Capital raised their price target on Dorman Products to $182.00 and gave the company a "buy" rating in a report on Tuesday, August 26th. Zacks Research upgraded Dorman Products from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 13th. Finally, Wells Fargo & Company began coverage on Dorman Products in a report on Friday, August 22nd. They issued an "overweight" rating and a $175.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the stock. According to data from MarketBeat, Dorman Products has an average rating of "Buy" and an average target price of $172.50.

Insider Transactions at Dorman Products

In other news, CAO Gregory C. Bowen sold 1,453 shares of Dorman Products stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $162.81, for a total transaction of $236,562.93. Following the transaction, the chief accounting officer directly owned 4,659 shares of the company's stock, valued at $758,531.79. The trade was a 23.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Donna M. Long sold 820 shares of Dorman Products stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $122.21, for a total value of $100,212.20. Following the transaction, the senior vice president directly owned 19,074 shares in the company, valued at approximately $2,331,033.54. The trade was a 4.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.90% of the stock is owned by insiders.

Dorman Products Stock Performance

NASDAQ:DORM traded up $2.11 on Thursday, hitting $159.00. The stock had a trading volume of 162,043 shares, compared to its average volume of 161,087. The stock has a market cap of $4.85 billion, a price-to-earnings ratio of 21.63 and a beta of 0.82. The company has a quick ratio of 1.21, a current ratio of 2.74 and a debt-to-equity ratio of 0.31. The business's 50-day simple moving average is $144.45 and its two-hundred day simple moving average is $130.25. Dorman Products, Inc. has a 52-week low of $106.95 and a 52-week high of $166.89.

Dorman Products (NASDAQ:DORM - Get Free Report) last announced its earnings results on Monday, August 4th. The auto parts company reported $2.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.30. Dorman Products had a return on equity of 19.23% and a net margin of 10.83%.The business had revenue of $540.96 million for the quarter, compared to analysts' expectations of $517.13 million. During the same period last year, the firm posted $1.67 earnings per share. The business's revenue for the quarter was up 7.6% on a year-over-year basis. Dorman Products has set its FY 2025 guidance at 8.600-8.900 EPS. As a group, research analysts predict that Dorman Products, Inc. will post 6.9 earnings per share for the current year.

Dorman Products Company Profile

Dorman Products, Inc supplies replacement and upgrade parts for passenger cars, light trucks, medium- and heavy-duty trucks, utility terrain vehicles, and all-terrain vehicles in the motor vehicle aftermarket industry in the United States and internationally. It offers engine products, including intake and exhaust manifolds, fans, thermostat housings, and throttle bodies; undercar products comprising fluid lines, fluid reservoirs, connectors, 4-wheel drive components and axles, drain plugs, other engine, and transmission and axle components; steering and suspension products consist of control arms, ball joints, tie-rod ends, brake hardware and hydraulics, wheel and axle hardware, suspension arms, knuckles, links, bushings, and leaf springs, as well as other suspension, steering, and brake components; body products, such as door handles and hinges, window lift motors, window regulators, switches and handles, wiper components, lighting, electrical, and other interior and exterior vehicle body components, including windshields for UTVs; electronics products comprise new and remanufactured modules, clusters and sensors; and hardware products, such as threaded bolts and auto body fasteners, automotive and home electrical wiring components, and other hardware assortments and merchandise.