Jump Financial LLC Sells 2,515 Shares of Dorman Products, Inc. $DORM

Key Points

• Jump Financial LLC reduced its holdings in Dorman Products, Inc. by 35.2%, selling 2,515 shares to end the quarter with 4,637 shares valued at approximately $559,000.
• Institutional investors now hold 84.70% of the company's stock, with Wellington Management Group increasing its holdings by 192.9% during the same period.
• Dorman Products reported a 7.6% year-over-year revenue increase, with Q2 earnings per share of $2.06, surpassing analysts' expectations of $1.76.

Jump Financial LLC lessened its holdings in shares of Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 35.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,637 shares of the auto parts company's stock after selling 2,515 shares during the quarter. Jump Financial LLC's holdings in Dorman Products were worth $559,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Wellington Management Group LLP grew its holdings in Dorman Products by 192.9% during the 1st quarter. Wellington Management Group LLP now owns 511,791 shares of the auto parts company's stock valued at $61,691,000 after buying an additional 337,074 shares in the last quarter. Nuveen LLC purchased a new position in Dorman Products during the 1st quarter valued at approximately $25,976,000. Jennison Associates LLC grew its holdings in Dorman Products by 32.1% during the 1st quarter. Jennison Associates LLC now owns 598,642 shares of the auto parts company's stock valued at $72,160,000 after buying an additional 145,391 shares in the last quarter. Invesco Ltd. grew its holdings in Dorman Products by 22.1% during the 1st quarter. Invesco Ltd. now owns 760,774 shares of the auto parts company's stock valued at $91,704,000 after buying an additional 137,913 shares in the last quarter. Finally, Cercano Management LLC purchased a new position in Dorman Products during the 4th quarter valued at approximately $16,328,000. Institutional investors 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 business's stock in a transaction on 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 transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.90% of the stock is currently owned by insiders.

Dorman Products Price Performance

Shares of Dorman Products stock opened at $161.79 on Monday. The stock has a market cap of $4.94 billion, a price-to-earnings ratio of 22.01 and a beta of 0.81. 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 has a 50 day moving average price of $134.34 and a 200-day moving average price of $126.92. Dorman Products, Inc. has a one year low of $106.21 and a one year high of $165.05.

Dorman Products (NASDAQ:DORM - Get Free Report) last announced its earnings results on Monday, August 4th. The auto parts company reported $2.06 EPS for the quarter, topping 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 firm had revenue of $540.96 million during the quarter, compared to analysts' expectations of $517.13 million. During the same quarter in the previous year, the business 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. Equities analysts expect that Dorman Products, Inc. will post 6.9 EPS for the current year.

Analyst Ratings Changes

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

About Dorman Products

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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