Charles Schwab Investment Management Inc. Has $41.61 Million Holdings in Dorman Products, Inc. $DORM

Charles Schwab Investment Management Inc. decreased its position in shares of Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 2.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 345,159 shares of the auto parts company's stock after selling 9,558 shares during the period. Charles Schwab Investment Management Inc. owned 1.13% of Dorman Products worth $41,605,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Captrust Financial Advisors raised its holdings in Dorman Products by 4.3% during the fourth quarter. Captrust Financial Advisors now owns 1,903 shares of the auto parts company's stock valued at $247,000 after buying an additional 79 shares in the last quarter. Summit Investment Advisors Inc. increased its stake in shares of Dorman Products by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 2,705 shares of the auto parts company's stock worth $350,000 after purchasing an additional 87 shares during the period. Point72 Asia Singapore Pte. Ltd. increased its stake in shares of Dorman Products by 5.7% in the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,644 shares of the auto parts company's stock worth $213,000 after purchasing an additional 88 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of Dorman Products by 3.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 2,469 shares of the auto parts company's stock worth $298,000 after purchasing an additional 90 shares during the period. Finally, Xponance Inc. increased its stake in shares of Dorman Products by 4.8% in the first quarter. Xponance Inc. now owns 1,966 shares of the auto parts company's stock worth $237,000 after purchasing an additional 90 shares during the period. 84.70% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

DORM has been the topic of a number of recent analyst reports. Wells Fargo & Company initiated coverage on Dorman Products in a research note on Friday. 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 note on Saturday, August 9th. Finally, Zacks Research upgraded Dorman Products from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $154.00.

Dorman Products Price Performance

NASDAQ DORM traded up $8.4350 during trading on Friday, reaching $161.5550. 53,261 shares of the company traded hands, compared to its average volume of 219,262. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.21 and a current ratio of 2.74. The stock's 50 day moving average price is $129.55 and its two-hundred day moving average price is $125.49. The company has a market cap of $4.93 billion, a price-to-earnings ratio of 21.88 and a beta of 0.79. Dorman Products, Inc. has a 1-year low of $106.21 and a 1-year high of $160.95.

Dorman Products (NASDAQ:DORM - Get Free Report) last released its quarterly earnings data 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. The company had revenue of $540.96 million for the quarter, compared to the consensus estimate of $517.13 million. Dorman Products had a return on equity of 19.23% and a net margin of 10.83%.The company's quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.67 earnings per share. Dorman Products has set its FY 2025 guidance at 8.600-8.900 EPS. As a group, analysts anticipate that Dorman Products, Inc. will post 6.9 EPS for the current year.

Insiders Place Their Bets

In other 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 value of $100,212.20. Following the transaction, the senior vice president directly owned 19,074 shares of the company's stock, valued at $2,331,033.54. The trade was a 4.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 8.90% of the company's stock.

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.