Dorman Products, Inc. $DORM Shares Sold by Cubist Systematic Strategies LLC

Key Points

• Cubist Systematic Strategies LLC reduced its stake in Dorman Products by 51.4%, now holding 21,197 shares worth approximately $2.56 million.
• Several other institutional investors, including Principal Financial Group and GAMMA Investing LLC, significantly increased their holdings in Dorman Products during the same period.
• Dorman Products reported a $2.06 EPS for the quarter, exceeding estimates and reflecting a 7.6% year-over-year revenue increase to $540.96 million.

Cubist Systematic Strategies LLC lessened its stake in Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 51.4% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,197 shares of the auto parts company's stock after selling 22,427 shares during the period. Cubist Systematic Strategies LLC owned 0.07% of Dorman Products worth $2,555,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its position in Dorman Products by 2.3% in the 1st quarter. Principal Financial Group Inc. now owns 141,288 shares of the auto parts company's stock valued at $17,031,000 after acquiring an additional 3,206 shares during the period. Flagship Harbor Advisors LLC increased its position in Dorman Products by 12.5% in the 1st quarter. Flagship Harbor Advisors LLC now owns 2,493 shares of the auto parts company's stock valued at $301,000 after acquiring an additional 277 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Dorman Products by 19.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 52,664 shares of the auto parts company's stock worth $6,823,000 after purchasing an additional 8,494 shares during the period. GAMMA Investing LLC increased its position in Dorman Products by 16,876.2% during the 1st quarter. GAMMA Investing LLC now owns 113,910 shares of the auto parts company's stock worth $13,731,000 after purchasing an additional 113,239 shares during the period. Finally, Wellington Management Group LLP increased its position in Dorman Products by 1,136.2% during the 4th quarter. Wellington Management Group LLP now owns 174,717 shares of the auto parts company's stock worth $22,635,000 after purchasing an additional 160,584 shares during the period. Institutional investors and hedge funds own 84.70% of the company's stock.

Insider Transactions at Dorman Products

In related news, SVP Donna M. Long sold 820 shares of the company'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 sale, the senior vice president owned 19,074 shares of the company's stock, valued at approximately $2,331,033.54. This represents a 4.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 8.90% of the company's stock.

Dorman Products Price Performance

Shares of NASDAQ:DORM opened at $163.67 on Friday. The business's 50 day simple moving average is $138.11 and its 200-day simple moving average is $128.12. The firm has a market capitalization of $5.00 billion, a price-to-earnings ratio of 22.27 and a beta of 0.82. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.74 and a quick ratio of 1.21. Dorman Products, Inc. has a 12 month low of $106.21 and a 12 month high of $165.05.

Dorman Products (NASDAQ:DORM - Get Free Report) last announced its quarterly 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 business had revenue of $540.96 million for the quarter, compared to analyst estimates of $517.13 million. During the same quarter in the previous year, the company earned $1.67 EPS. The company's quarterly revenue was up 7.6% on a year-over-year basis. Dorman Products has set its FY 2025 guidance at 8.600-8.900 EPS. As a group, equities analysts forecast that Dorman Products, Inc. will post 6.9 earnings per share for the current fiscal year.

Analysts Set New Price Targets

DORM has been the topic of several recent analyst reports. Wall Street Zen cut Dorman Products from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 9th. Zacks Research upgraded Dorman Products from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 13th. Roth Capital boosted their target price on Dorman Products to $182.00 and gave the stock a "buy" rating in a research report on Tuesday, August 26th. Finally, Wells Fargo & Company initiated coverage on Dorman Products in a research report on Friday, August 22nd. They set an "overweight" rating and a $175.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $161.00.

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.

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