Bessemer Group Inc. Sells 25,385 Shares of Dorman Products, Inc. $DORM

Key Points

• Bessemer Group Inc. cut its Dorman Products stake by 10.4% in the first quarter, selling 25,385 shares and ending with 218,888 shares worth about $22.8 million.
• Dorman Products reported quarterly EPS of $1.57, topping estimates, while revenue rose 4.2% year over year to $528.77 million.
• Analysts remain moderately bullish on DORM, with six Buy ratings, two Hold ratings, and a consensus price target of $157.00.

Bessemer Group Inc. reduced its position in Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 10.4% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 218,888 shares of the auto parts company's stock after selling 25,385 shares during the period. Bessemer Group Inc. owned 0.73% of Dorman Products worth $22,843,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of DORM. EverSource Wealth Advisors LLC boosted its position in shares of Dorman Products by 594.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 236 shares of the auto parts company's stock worth $29,000 after purchasing an additional 202 shares in the last quarter. Miller Capital Partners Inc. purchased a new stake in Dorman Products in the fourth quarter valued at about $37,000. Kestra Advisory Services LLC acquired a new stake in Dorman Products in the fourth quarter worth about $48,000. Sankala Group LLC purchased a new stake in shares of Dorman Products during the fourth quarter worth about $47,000. Finally, Kemnay Advisory Services Inc. acquired a new position in shares of Dorman Products during the fourth quarter valued at about $60,000. Institutional investors own 84.70% of the company's stock.

Dorman Products Trading Down 1.5%

Shares of NASDAQ:DORM opened at $141.97 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.29 and a quick ratio of 1.28. The business's 50 day moving average price is $128.09 and its 200-day moving average price is $120.89. The firm has a market capitalization of $4.24 billion, a price-to-earnings ratio of 22.90 and a beta of 0.97. Dorman Products, Inc. has a 1 year low of $98.44 and a 1 year high of $166.89.

Dorman Products (NASDAQ:DORM - Get Free Report) last announced its earnings results on Monday, May 4th. The auto parts company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.05. Dorman Products had a net margin of 8.84% and a return on equity of 17.73%. The business had revenue of $528.77 million for the quarter, compared to analyst estimates of $524.80 million. During the same quarter last year, the business earned $2.02 earnings per share. The company's revenue for the quarter was up 4.2% compared to the same quarter last year. Dorman Products has set its FY 2026 guidance at 8.100-8.500 EPS. On average, equities research analysts forecast that Dorman Products, Inc. will post 8.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently commented on DORM. Barrington Research reiterated an "outperform" rating and issued a $150.00 target price on shares of Dorman Products in a research note on Monday, May 4th. Zacks Research upgraded Dorman Products from a "strong sell" rating to a "hold" rating in a research note on Friday, May 15th. Finally, Weiss Ratings raised Dorman Products from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday, July 10th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $157.00.

Dorman Products Company 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.

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