Deutsche Bank AG Reduces Stock Position in Dorman Products, Inc. $DORM

Key Points

• Deutsche Bank AG reduced its stake in Dorman Products by 8.8%, selling 2,086 shares, resulting in ownership of 21,714 shares valued at approximately $2.6 million.
• In the fourth quarter, several institutional investors significantly increased their stakes, including Wellington Management Group, which raised its position by over 1,136%.
• Dorman Products reported strong financial results with an EPS of $2.06, surpassing estimates, and projected FY 2025 EPS guidance of 8.600-8.900.

Deutsche Bank AG lessened its stake in shares of Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 8.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,714 shares of the auto parts company's stock after selling 2,086 shares during the quarter. Deutsche Bank AG owned about 0.07% of Dorman Products worth $2,617,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of DORM. Fuller & Thaler Asset Management Inc. purchased a new position in Dorman Products in the fourth quarter worth $42,495,000. Oberweis Asset Management Inc. purchased a new position in Dorman Products in the fourth quarter worth $23,283,000. Wellington Management Group LLP raised its position in Dorman Products by 1,136.2% in the fourth quarter. Wellington Management Group LLP now owns 174,717 shares of the auto parts company's stock worth $22,635,000 after acquiring an additional 160,584 shares in the last quarter. Jennison Associates LLC raised its position in Dorman Products by 32.1% in the first quarter. Jennison Associates LLC now owns 598,642 shares of the auto parts company's stock worth $72,160,000 after acquiring an additional 145,391 shares in the last quarter. Finally, Cercano Management LLC purchased a new position in Dorman Products in the fourth quarter worth $16,328,000. Hedge funds and other institutional investors own 84.70% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Zacks Research upgraded Dorman Products from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 13th. Wall Street Zen cut Dorman Products from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 9th. Finally, Wells Fargo & Company assumed coverage on Dorman Products in a research report on Friday. 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 three have given a Buy rating to the company. According to data from MarketBeat.com, Dorman Products currently has an average rating of "Buy" and a consensus target price of $154.00.

Insider Buying and Selling

In related news, SVP Donna M. Long sold 820 shares of Dorman Products stock in a transaction dated Monday, July 28th. The stock was 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 in the company, valued at approximately $2,331,033.54. This trade represents a 4.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 8.90% of the company's stock.

Dorman Products Price Performance

Shares of DORM stock traded up $9.61 during mid-day trading on Friday, reaching $162.73. The stock had a trading volume of 252,939 shares, compared to its average volume of 266,665. Dorman Products, Inc. has a 12-month low of $106.21 and a 12-month high of $163.45. The company has a market cap of $4.97 billion, a P/E ratio of 22.14 and a beta of 0.79. The business has a 50-day simple moving average of $130.32 and a 200 day simple moving average of $125.66. 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 quarterly 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 return on equity of 19.23% and a net margin of 10.83%.The business had revenue of $540.96 million during the quarter, compared to analysts' expectations of $517.13 million. During the same quarter last year, the business 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. On average, sell-side analysts anticipate 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.