LPL Financial LLC Buys 2,101 Shares of Dorman Products, Inc. $DORM

Key Points

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LPL Financial LLC grew its position in Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 10.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,816 shares of the auto parts company's stock after buying an additional 2,101 shares during the quarter. LPL Financial LLC owned 0.07% of Dorman Products worth $2,566,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. increased its position in Dorman Products by 2.3% during the 1st quarter. Principal Financial Group Inc. now owns 141,288 shares of the auto parts company's stock worth $17,031,000 after purchasing an additional 3,206 shares in the last quarter. Flagship Harbor Advisors LLC grew its holdings in Dorman Products by 12.5% during the 1st quarter. Flagship Harbor Advisors LLC now owns 2,493 shares of the auto parts company's stock worth $301,000 after acquiring an additional 277 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings 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 acquiring an additional 8,494 shares during the last quarter. GAMMA Investing LLC grew its holdings 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 acquiring an additional 113,239 shares during the last quarter. Finally, Wellington Management Group LLP grew its holdings 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 acquiring an additional 160,584 shares during the last quarter. 84.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on DORM. Wells Fargo & Company began coverage on shares of Dorman Products in a report on Friday. They set an "overweight" rating and a $175.00 target price on the stock. Wall Street Zen lowered shares of Dorman Products from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 9th. Finally, Zacks Research raised 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 issued a Buy rating to the company's stock. Based on data from MarketBeat, Dorman Products presently has an average rating of "Buy" and an average target price of $154.00.

Dorman Products Stock Up 5.3%

Shares of NASDAQ:DORM traded up $8.17 during midday trading on Friday, hitting $161.29. 119,256 shares of the company's stock were exchanged, compared to its average volume of 219,729. 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 $162.75. The company has a market cap of $4.92 billion, a PE ratio of 21.94 and a beta of 0.79. The stock has a 50 day moving average price of $129.55 and a 200-day moving average price of $125.49.

Dorman Products (NASDAQ:DORM - Get Free Report) last posted its 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 company had revenue of $540.96 million for the quarter, compared to analyst estimates of $517.13 million. During the same quarter in the prior year, the business posted $1.67 EPS. The firm'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. On average, sell-side analysts anticipate that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

Insider Activity at Dorman Products

In other news, SVP Donna M. Long sold 820 shares of the stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $122.21, for a total value of $100,212.20. Following the completion of the sale, the senior vice president owned 19,074 shares in the company, valued at $2,331,033.54. This represents a 4.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 8.90% of the stock is currently owned by corporate insiders.

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.