Dynamic Technology Lab Private Ltd Makes New $1.44 Million Investment in Dorman Products, Inc. $DORM

Key Points

• Dynamic Technology Lab Private Ltd has acquired 11,950 shares of Dorman Products, Inc. for approximately $1.44 million, indicating strong institutional interest in the auto parts company.
• Dorman Products reported $2.06 EPS for the last quarter, outperforming estimates and showing a 7.6% year-over-year revenue increase.
• Analysts have issued mixed ratings, with one brokerage upgrading the stock to a "strong-buy," while others maintain a "buy" or "overweight" rating, with an average target price of $161.00.

Dynamic Technology Lab Private Ltd purchased a new stake in Dorman Products, Inc. (NASDAQ:DORM - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 11,950 shares of the auto parts company's stock, valued at approximately $1,440,000.

A number of other institutional investors also recently modified their holdings of DORM. Wellington Management Group LLP raised its position in shares of Dorman Products by 192.9% in the first quarter. Wellington Management Group LLP now owns 511,791 shares of the auto parts company's stock valued at $61,691,000 after purchasing an additional 337,074 shares during the period. Nuveen LLC bought a new position in shares of Dorman Products in the first quarter valued at approximately $25,976,000. Jennison Associates LLC raised its position in shares of Dorman Products by 32.1% in the first quarter. Jennison Associates LLC now owns 598,642 shares of the auto parts company's stock valued at $72,160,000 after purchasing an additional 145,391 shares during the period. Invesco Ltd. raised its position in shares of Dorman Products by 22.1% in the first quarter. Invesco Ltd. now owns 760,774 shares of the auto parts company's stock valued at $91,704,000 after purchasing an additional 137,913 shares during the period. Finally, Fiera Capital Corp raised its position in shares of Dorman Products by 52.1% in the first quarter. Fiera Capital Corp now owns 337,288 shares of the auto parts company's stock valued at $40,657,000 after purchasing an additional 115,498 shares during the period. Institutional investors own 84.70% of the company's stock.

Insiders Place Their Bets

In other Dorman Products news, SVP Donna M. Long sold 820 shares of Dorman Products stock in a transaction on Monday, July 28th. The shares were sold at an average price of $122.21, for a total transaction of $100,212.20. Following the sale, the senior vice president owned 19,074 shares in the company, valued at $2,331,033.54. The trade was a 4.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 8.90% of the stock is owned by corporate insiders.

Dorman Products Stock Performance

Shares of Dorman Products stock traded down $2.31 during midday trading on Friday, hitting $161.33. The company had a trading volume of 77,809 shares, compared to its average volume of 178,574. The business's 50 day simple moving average is $141.76 and its two-hundred day simple moving average is $129.46. The stock has a market cap of $4.93 billion, a PE ratio of 21.95 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 1-year low of $106.21 and a 1-year high of $166.89.

Dorman Products (NASDAQ:DORM - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The auto parts company reported $2.06 earnings per share for the quarter, topping analysts' consensus estimates of $1.76 by $0.30. Dorman Products had a net margin of 10.83% and a return on equity of 19.23%. The firm had revenue of $540.96 million for the quarter, compared to the consensus estimate of $517.13 million. During the same quarter in the previous year, the company earned $1.67 earnings per share. The business's revenue was up 7.6% compared to the same quarter last year. Dorman Products has set its FY 2025 guidance at 8.600-8.900 EPS. As a group, equities analysts predict that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Roth Capital lifted their price target on shares of Dorman Products to $182.00 and gave the company a "buy" rating in a research report on Tuesday, August 26th. Wells Fargo & Company started coverage on shares of Dorman Products in a research note on Friday, August 22nd. They issued an "overweight" rating and a $175.00 price objective on the stock. Wall Street Zen downgraded shares of Dorman Products from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 9th. Finally, Zacks Research upgraded shares of Dorman Products from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company's stock. Based on data from MarketBeat, Dorman Products currently has an average rating of "Buy" and an average price target of $170.00.

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.