Hsbc Holdings PLC Has $1.84 Million Stock Holdings in Dorman Products, Inc. $DORM

Key Points

• Hsbc Holdings PLC increased its stake in Dorman Products by 307.7% in Q1, owning approximately $1.84 million worth of shares.
• Multiple hedge funds have also raised their stakes in Dorman Products, with institutional investors now owning 84.70% of the company's stock.
• Analysts have given Dorman Products a generally positive outlook, with an average price target of $161.00 and ratings ranging from "buy" to "strong-buy".

Hsbc Holdings PLC lifted its stake in shares of Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 307.7% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 15,282 shares of the auto parts company's stock after buying an additional 11,534 shares during the quarter. Hsbc Holdings PLC owned about 0.05% of Dorman Products worth $1,838,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Captrust Financial Advisors lifted its stake in shares of Dorman Products by 4.3% during the 4th quarter. Captrust Financial Advisors now owns 1,903 shares of the auto parts company's stock worth $247,000 after buying an additional 79 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. raised its stake in Dorman Products by 5.7% in the 4th 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 in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Dorman Products by 3.8% in the 1st 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 in the last quarter. Xponance Inc. raised its stake in Dorman Products by 4.8% in the 1st quarter. Xponance Inc. now owns 1,966 shares of the auto parts company's stock worth $237,000 after purchasing an additional 90 shares in the last quarter. Finally, New York State Teachers Retirement System raised its stake in Dorman Products by 0.4% in the 1st quarter. New York State Teachers Retirement System now owns 24,741 shares of the auto parts company's stock worth $2,982,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 84.70% of the company's stock.

Analyst Ratings Changes

Several analysts have weighed in on DORM shares. Roth Capital lifted their price objective on shares of Dorman Products to $182.00 and gave the stock a "buy" rating in a research note on Tuesday. Wall Street Zen cut shares of Dorman Products from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 9th. 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 for the company. 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 investment analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company's stock. Based on data from MarketBeat.com, Dorman Products presently has an average rating of "Buy" and an average price target of $161.00.

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 shares were sold at an average price of $122.21, for a total transaction of $100,212.20. Following the completion of the transaction, the senior vice president directly owned 19,074 shares in the company, valued at $2,331,033.54. This represents a 4.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 8.90% of the stock is currently owned by corporate insiders.

Dorman Products Price Performance

Shares of NASDAQ:DORM opened at $163.56 on Thursday. The stock has a market capitalization of $4.99 billion, a PE ratio of 22.25 and a beta of 0.79. The company has a current ratio of 2.74, a quick ratio of 1.21 and a debt-to-equity ratio of 0.31. The firm has a 50 day moving average of $132.77 and a 200-day moving average of $126.41. 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 released its quarterly earnings data on Monday, August 4th. The auto parts company reported $2.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.76 by $0.30. The business had revenue of $540.96 million during the quarter, compared to analysts' expectations of $517.13 million. Dorman Products had a net margin of 10.83% and a return on equity of 19.23%. The firm's quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.67 EPS. Dorman Products has set its FY 2025 guidance at 8.600-8.900 EPS. On average, equities research analysts predict that Dorman Products, Inc. will post 6.9 EPS for the current fiscal 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.

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