Dorman Products, Inc. $DORM Shares Sold by Northern Trust Corp

Key Points

• Northern Trust Corp has sold 14,069 shares of Dorman Products, Inc., reducing its stake by 3.0% to 458,652 shares, valued at approximately $55.3 million.
• Multiple hedge funds increased their holdings in Dorman Products during the first quarter, with notable increases from Invesco Ltd. (22.1%) and Jennison Associates LLC (32.1%).
• Dorman Products reported $2.06 EPS for the last quarter, exceeding expectations, and analysts project a full-year EPS of 6.9.

Northern Trust Corp decreased its holdings in shares of Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 3.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 458,652 shares of the auto parts company's stock after selling 14,069 shares during the quarter. Northern Trust Corp owned about 1.50% of Dorman Products worth $55,286,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of DORM. Principal Financial Group Inc. raised its stake in shares of Dorman Products by 2.3% in the first 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 stake 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 worth $301,000 after buying an additional 277 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Dorman Products by 19.2% in 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 buying an additional 8,494 shares during the period. GAMMA Investing LLC increased its stake in Dorman Products by 16,876.2% in the 1st quarter. GAMMA Investing LLC now owns 113,910 shares of the auto parts company's stock worth $13,731,000 after buying an additional 113,239 shares during the period. Finally, Wellington Management Group LLP increased its stake in Dorman Products by 1,136.2% in the 4th quarter. Wellington Management Group LLP now owns 174,717 shares of the auto parts company's stock worth $22,635,000 after buying an additional 160,584 shares during the period. Hedge funds and other institutional investors own 84.70% of the company's stock.

Dorman Products Price Performance

NASDAQ DORM traded up $0.29 on Friday, hitting $161.79. The company had a trading volume of 138,908 shares, compared to its average volume of 276,082. The company has a market capitalization of $4.94 billion, a PE ratio of 22.01 and a beta of 0.79. The company's fifty day moving average price is $134.34 and its 200-day moving average price is $126.90. 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 earnings results on Monday, August 4th. The auto parts company reported $2.06 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts' expectations of $517.13 million. During the same quarter in the previous year, the company posted $1.67 EPS. The firm'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, analysts predict that Dorman Products, Inc. will post 6.9 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on DORM shares. Zacks Research raised shares of Dorman Products from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 13th. Wells Fargo & Company assumed coverage on shares of Dorman Products in a report on Friday, August 22nd. They set an "overweight" rating and a $175.00 target price on the stock. Roth Capital increased their target price on shares of Dorman Products to $182.00 and gave the stock a "buy" rating in a report on Tuesday. Finally, Wall Street Zen cut shares of 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 issued a Buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $161.00.

Insider Transactions at Dorman Products

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 of the company's stock, valued at $2,331,033.54. The trade was a 4.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 8.90% of the stock is currently owned by company insiders.

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.