Dorman Products, Inc. $DORM Stock Holdings Lifted by Aristides Capital LLC

Key Points

• Aristides Capital LLC increased its stake in Dorman Products by 15.5%, owning 16,664 shares valued at approximately $2.01 million.
• Dorman Products recently reported $2.06 earnings per share (EPS), exceeding analyst expectations of $1.76, with revenues also surpassing estimates at $540.96 million.
• A recent upgrade from Zacks Research upgraded Dorman Products from a "hold" rating to a "strong-buy", reflecting positive sentiment from analysts.

Aristides Capital LLC increased its position in shares of Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 15.5% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 16,664 shares of the auto parts company's stock after purchasing an additional 2,239 shares during the quarter. Aristides Capital LLC owned 0.05% of Dorman Products worth $2,009,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. EntryPoint Capital LLC purchased a new stake in shares of Dorman Products in the first quarter valued at about $261,000. Hsbc Holdings PLC raised its holdings in shares of Dorman Products by 307.7% in the first quarter. Hsbc Holdings PLC now owns 15,282 shares of the auto parts company's stock worth $1,838,000 after acquiring an additional 11,534 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased its position in Dorman Products by 30.2% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 427,104 shares of the auto parts company's stock worth $51,483,000 after purchasing an additional 99,084 shares in the last quarter. Wellington Management Group LLP raised its stake in Dorman Products by 192.9% in the 1st quarter. Wellington Management Group LLP now owns 511,791 shares of the auto parts company's stock valued at $61,691,000 after purchasing an additional 337,074 shares during the last quarter. Finally, Versor Investments LP raised its holdings in Dorman Products by 138.3% in the 1st quarter. Versor Investments LP now owns 8,084 shares of the auto parts company's stock valued at $974,000 after acquiring an additional 4,691 shares during the last quarter. Institutional investors and hedge funds own 84.70% of the company's stock.

Wall Street Analyst Weigh In

DORM has been the topic of several recent analyst reports. Zacks Research upgraded shares of Dorman Products from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 13th. Wells Fargo & Company assumed coverage on Dorman Products in a research report on Friday, August 22nd. They issued an "overweight" rating and a $175.00 price objective on the stock. Wall Street Zen lowered Dorman Products from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 9th. Finally, Roth Capital lifted their price target on Dorman Products to $182.00 and gave the stock a "buy" rating in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $161.00.

Insider Buying and Selling

In related news, SVP Donna M. Long sold 820 shares of the business's stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $122.21, for a total transaction of $100,212.20. Following the sale, the senior vice president owned 19,074 shares of the company's stock, valued at $2,331,033.54. The trade was a 4.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 8.90% of the stock is currently owned by insiders.

Dorman Products Price Performance

DORM traded up $0.29 on Friday, reaching $161.79. The company had a trading volume of 138,908 shares, compared to its average volume of 219,592. Dorman Products, Inc. has a one year low of $106.21 and a one year high of $165.05. The company has a market capitalization of $4.94 billion, a P/E ratio of 22.01 and a beta of 0.79. The company has a fifty day moving average of $133.57 and a 200-day moving average of $126.66. The company has a current ratio of 2.74, a quick ratio of 1.21 and a debt-to-equity ratio of 0.31.

Dorman Products (NASDAQ:DORM - Get Free Report) last announced its earnings results on Monday, August 4th. The auto parts company reported $2.06 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 firm had revenue of $540.96 million for the quarter, compared to analysts' expectations of $517.13 million. During the same quarter in the previous year, the company earned $1.67 earnings per share. The firm's quarterly revenue was up 7.6% compared to the same quarter last year. Dorman Products has set its FY 2025 guidance at 8.600-8.900 EPS. As a group, equities research analysts anticipate that Dorman Products, Inc. will post 6.9 earnings per share for the current year.

Dorman Products 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.