PEAK6 LLC Raises Stock Position in Dorman Products, Inc. $DORM

Key Points

• PEAK6 LLC increased its stake in Dorman Products by 10.7%, owning a total of 16,859 shares valued at approximately $2,032,000 as of the latest SEC filing.
• Dorman Products recently reported earnings per share (EPS) of $2.06, exceeding the consensus estimate and showing a 7.6% revenue growth compared to the previous year.
• Analysts have mixed ratings on Dorman Products, with one analyst upgrading it to a "strong-buy" rating while the consensus rating stands at "buy" with an average target price of $161.00.

PEAK6 LLC boosted its holdings in Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 10.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,859 shares of the auto parts company's stock after purchasing an additional 1,626 shares during the quarter. PEAK6 LLC owned about 0.06% of Dorman Products worth $2,032,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Captrust Financial Advisors boosted its holdings in Dorman Products by 4.3% in the fourth quarter. Captrust Financial Advisors now owns 1,903 shares of the auto parts company's stock valued at $247,000 after purchasing an additional 79 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its holdings in Dorman Products by 5.7% in the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,644 shares of the auto parts company's stock valued at $213,000 after purchasing an additional 88 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Dorman Products by 3.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 2,469 shares of the auto parts company's stock valued at $298,000 after purchasing an additional 90 shares in the last quarter. Xponance Inc. boosted its holdings in Dorman Products by 4.8% in the first quarter. Xponance Inc. now owns 1,966 shares of the auto parts company's stock valued at $237,000 after purchasing an additional 90 shares in the last quarter. Finally, New York State Teachers Retirement System boosted its holdings in Dorman Products by 0.4% in the first quarter. New York State Teachers Retirement System now owns 24,741 shares of the auto parts company's stock valued at $2,982,000 after purchasing an additional 100 shares in the last quarter. 84.70% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DORM has been the subject of a number of research analyst reports. Wall Street Zen downgraded Dorman Products from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 9th. Roth Capital increased their price objective on Dorman Products to $182.00 and gave the company a "buy" rating in a report on Tuesday. Wells Fargo & Company initiated coverage on Dorman Products in a research report on Friday, August 22nd. They issued an "overweight" rating and a $175.00 price target on the stock. Finally, Zacks Research upgraded Dorman Products from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company. Based on data from MarketBeat, Dorman Products currently has a consensus rating of "Buy" and an average target price of $161.00.

Dorman Products Price Performance

Dorman Products stock opened at $161.79 on Friday. Dorman Products, Inc. has a 12 month low of $106.21 and a 12 month high of $165.05. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.74 and a quick ratio of 1.21. The business has a 50 day simple moving average of $134.34 and a 200-day simple moving average of $126.90. The stock has a market capitalization of $4.94 billion, a PE ratio of 22.01 and a beta of 0.79.

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 the consensus estimate of $1.76 by $0.30. The firm had revenue of $540.96 million during the quarter, compared to analysts' expectations of $517.13 million. Dorman Products had a return on equity of 19.23% and a net margin of 10.83%.Dorman Products's revenue was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.67 earnings per share. Dorman Products has set its FY 2025 guidance at 8.600-8.900 EPS. Equities analysts predict that Dorman Products, Inc. will post 6.9 earnings per share for the current year.

Insider Transactions at Dorman Products

In other news, SVP Donna M. Long sold 820 shares of the firm's stock in a transaction on Monday, July 28th. The stock was sold at an average price of $122.21, for a total value 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. This trade represents a 4.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 8.90% of the company's stock.

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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