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 position in Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 19.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its position in Dorman Products by 2.3% during the first quarter. Principal Financial Group Inc. now owns 141,288 shares of the auto parts company's stock valued at $17,031,000 after buying an additional 3,206 shares during the period. Flagship Harbor Advisors LLC boosted its position in Dorman Products by 12.5% during the first quarter. Flagship Harbor Advisors LLC now owns 2,493 shares of the auto parts company's stock valued at $301,000 after buying an additional 277 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Dorman Products by 19.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 52,664 shares of the auto parts company's stock valued at $6,823,000 after buying an additional 8,494 shares during the period. GAMMA Investing LLC boosted its position in Dorman Products by 16,876.2% during the first quarter. GAMMA Investing LLC now owns 113,910 shares of the auto parts company's stock valued at $13,731,000 after buying an additional 113,239 shares during the period. Finally, Wellington Management Group LLP boosted its position in Dorman Products by 1,136.2% during the fourth quarter. Wellington Management Group LLP now owns 174,717 shares of the auto parts company's stock valued at $22,635,000 after buying an additional 160,584 shares during the period. Institutional investors own 84.70% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Wells Fargo & Company assumed coverage on shares of Dorman Products in a research report on Friday, August 22nd. They set an "overweight" rating and a $175.00 price target for the company. Wall Street Zen lowered shares of Dorman Products from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 9th. Zacks Research upgraded shares of Dorman Products from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 13th. Finally, Roth Capital increased their target price on shares of Dorman Products to $182.00 and gave the stock a "buy" rating in a report on Tuesday, August 26th. One research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $170.00.

Dorman Products Stock Down 2.9%

DORM traded down $4.77 on Tuesday, hitting $157.09. The company had a trading volume of 156,560 shares, compared to its average volume of 215,128. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.74 and a quick ratio of 1.21. Dorman Products, Inc. has a 52-week low of $106.21 and a 52-week high of $166.89. The stock has a fifty day simple moving average of $142.50 and a 200-day simple moving average of $129.68. The firm has a market capitalization of $4.80 billion, a P/E ratio of 21.37 and a beta of 0.81.

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 for the quarter, beating analysts' consensus estimates of $1.76 by $0.30. Dorman Products had a net margin of 10.83% and a return on equity of 19.23%. The business had revenue of $540.96 million during the quarter, compared to the consensus estimate of $517.13 million. During the same quarter last year, the firm earned $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, equities analysts expect that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

Insider Buying and Selling

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

About Dorman Products

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.