Pembroke Management LTD Sells 2,185 Shares of Dorman Products, Inc. $DORM

Key Points

• Pembroke Management LTD has trimmed its holdings in Dorman Products by 1.3%, currently owning 170,621 shares valued at approximately $20.57 million, making it the 12th largest holding in their portfolio.
• Several institutional investors, including Hsbc Holdings PLC and State of Wyoming, have recently increased their stakes in Dorman Products, indicating strong interest as 84.70% of the stock is owned by institutional investors and hedge funds.
• Dorman Products saw an upgrade from Zacks Research from a "hold" rating to a "strong-buy" rating, with analysts projecting a price target of $161.00 for the stock, reflecting positive sentiment among industry analysts.

Pembroke Management LTD trimmed its holdings in shares of Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 1.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 170,621 shares of the auto parts company's stock after selling 2,185 shares during the period. Dorman Products comprises approximately 3.0% of Pembroke Management LTD's holdings, making the stock its 12th biggest holding. Pembroke Management LTD owned 0.56% of Dorman Products worth $20,567,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of DORM. First Trust Advisors LP increased its stake in Dorman Products by 95.3% during the 4th quarter. First Trust Advisors LP now owns 46,664 shares of the auto parts company's stock worth $6,045,000 after buying an additional 22,768 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of Dorman Products by 9.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 20,175 shares of the auto parts company's stock worth $2,614,000 after purchasing an additional 1,689 shares during the period. Aquatic Capital Management LLC acquired a new position in Dorman Products during the 4th quarter valued at about $394,000. Northern Trust Corp boosted its stake in Dorman Products by 10.2% during the 4th quarter. Northern Trust Corp now owns 472,721 shares of the auto parts company's stock valued at $61,241,000 after purchasing an additional 43,811 shares during the period. Finally, Lido Advisors LLC lifted its stake in shares of Dorman Products by 23.2% in the 4th quarter. Lido Advisors LLC now owns 2,367 shares of the auto parts company's stock worth $307,000 after acquiring an additional 445 shares during the period. Institutional investors and hedge funds own 84.70% of the company's stock.

Dorman Products Stock Up 0.2%

DORM traded up $0.29 on Monday, reaching $161.79. 138,908 shares of the company traded hands, compared to its average volume of 274,940. The stock's 50 day moving average price is $134.34 and its 200-day moving average price is $126.92. Dorman Products, Inc. has a 52-week low of $106.21 and a 52-week high of $165.05. The company 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 current ratio of 2.74 and a quick ratio of 1.21.

Dorman Products (NASDAQ:DORM - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The auto parts company reported $2.06 EPS for the quarter, beating 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 firm had revenue of $540.96 million for the quarter, compared to the consensus estimate of $517.13 million. During the same period in the previous year, the firm posted $1.67 earnings per share. The firm's 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. On average, sell-side analysts expect that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. 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 for the company. Roth Capital raised their target price on shares of Dorman Products to $182.00 and gave the stock a "buy" rating in a report on Tuesday, August 26th. Wall Street Zen cut shares of Dorman Products from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 9th. Finally, Zacks Research upgraded shares of Dorman Products from a "hold" rating to a "strong-buy" rating in a 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. According to data from MarketBeat.com, Dorman Products currently has an average rating of "Buy" and a consensus price target of $161.00.

Insider Buying and Selling

In other Dorman Products news, SVP Donna M. Long sold 820 shares of the business'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 value of $100,212.20. Following the completion of the sale, the senior vice president directly owned 19,074 shares of the company's stock, valued at $2,331,033.54. The trade was a 4.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 8.90% of the stock is 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.