Deutsche Bank AG Purchases Shares of 29,242 Dorman Products, Inc. $DORM

Key Points

• Deutsche Bank acquired 29,242 shares of Dorman Products in the second quarter, worth approximately $3.99 million and representing about 0.10% of the company. Institutional investors collectively own 84.70% of DORM.
• Analyst sentiment remains positive, with six Buy ratings and three Holds producing a “Moderate Buy” consensus and an average price target of $156.
• Dorman Products reported quarterly EPS of $3.08, exceeding estimates of $1.89, while revenue rose 0.7% year over year to $544.6 million but fell short of expectations. Shares opened at $130.46, down 0.5%.

Deutsche Bank AG acquired a new position in shares of Dorman Products, Inc. (NASDAQ:DORM - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 29,242 shares of the auto parts company's stock, valued at approximately $3,990,000. Deutsche Bank AG owned approximately 0.10% of Dorman Products at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP grew its position in shares of Dorman Products by 4.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,099,352 shares of the auto parts company's stock valued at $114,725,000 after buying an additional 51,653 shares during the last quarter. State Street Corp lifted its position in Dorman Products by 0.7% in the fourth quarter. State Street Corp now owns 1,061,708 shares of the auto parts company's stock valued at $130,792,000 after acquiring an additional 7,846 shares during the last quarter. Jennison Associates LLC boosted its stake in Dorman Products by 1.5% in the first quarter. Jennison Associates LLC now owns 826,285 shares of the auto parts company's stock valued at $86,231,000 after acquiring an additional 12,504 shares in the last quarter. Geode Capital Management LLC boosted its stake in Dorman Products by 3.8% in the fourth quarter. Geode Capital Management LLC now owns 713,255 shares of the auto parts company's stock valued at $87,880,000 after acquiring an additional 26,229 shares in the last quarter. Finally, Reinhart Partners LLC. purchased a new position in shares of Dorman Products during the second quarter worth about $93,386,000. Hedge funds and other institutional investors own 84.70% of the company's stock.

Wall Street Analyst Weigh In

DORM has been the topic of a number of research analyst reports. Barrington Research reiterated an "outperform" rating and set a $150.00 target price on shares of Dorman Products in a research report on Monday, May 4th. 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 raised their price target on Dorman Products from $155.00 to $160.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 5th. Weiss Ratings raised Dorman Products from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday, July 10th. Finally, Roth Capital reiterated a "buy" rating on shares of Dorman Products in a research note on Wednesday, August 5th. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $156.00.

Dorman Products Trading Down 0.5%

Shares of Dorman Products stock opened at $130.46 on Wednesday. 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 company has a market capitalization of $3.87 billion, a P/E ratio of 18.07 and a beta of 0.98. Dorman Products, Inc. has a 1 year low of $98.44 and a 1 year high of $166.89. The company's fifty day moving average is $135.07 and its two-hundred day moving average is $122.73.

Dorman Products (NASDAQ:DORM - Get Free Report) last announced its earnings results on Monday, August 3rd. The auto parts company reported $3.08 EPS for the quarter, beating analysts' consensus estimates of $1.89 by $1.19. Dorman Products had a net margin of 10.18% and a return on equity of 19.37%. The business had revenue of $544.60 million during the quarter, compared to analysts' expectations of $582.24 million. During the same period in the prior year, the company earned $2.06 earnings per share. The business's revenue was up .7% compared to the same quarter last year. Dorman Products has set its FY 2026 guidance at 8.500-8.800 EPS. Analysts forecast that Dorman Products, Inc. will post 8.65 earnings per share for the current year.

Insider Transactions at Dorman Products

In other Dorman Products news, CAO Gregory C. Bowen sold 3,531 shares of the company's stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $145.01, for a total transaction of $512,030.31. Following the completion of the sale, the chief accounting officer directly owned 5,340 shares of the company's stock, valued at $774,353.40. This represents a 39.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 7.70% of the stock is owned by company insiders.

About Dorman Products

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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