Roubaix Capital LLC Buys Shares of 17,677 Dorman Products, Inc. $DORM

Key Points

• Roubaix Capital LLC acquired a new position in Dorman Products, purchasing 17,677 shares valued at approximately $2.13 million.
• Institutional investors now hold 84.70% of Dorman Products' stock, with significant increases from several funds during the 1st quarter.
• Dorman Products reported an EPS of $2.06 for the last quarter, exceeding estimates and showing a 7.6% year-over-year revenue increase.

Roubaix Capital LLC purchased a new stake in Dorman Products, Inc. (NASDAQ:DORM - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 17,677 shares of the auto parts company's stock, valued at approximately $2,131,000. Roubaix Capital LLC owned 0.06% of Dorman Products as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Bank of Montreal Can boosted its stake in Dorman Products by 12.5% during the 4th quarter. Bank of Montreal Can now owns 3,534 shares of the auto parts company's stock worth $458,000 after purchasing an additional 394 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Dorman Products by 1.4% during the 4th quarter. Renaissance Technologies LLC now owns 29,100 shares of the auto parts company's stock worth $3,770,000 after purchasing an additional 400 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Dorman Products during the 4th quarter worth $4,810,000. Summit Investment Advisors Inc. boosted its stake in Dorman Products by 3.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 2,705 shares of the auto parts company's stock worth $350,000 after purchasing an additional 87 shares during the last quarter. Finally, Barclays PLC boosted its stake in Dorman Products by 1.6% during the 4th quarter. Barclays PLC now owns 47,614 shares of the auto parts company's stock worth $6,169,000 after purchasing an additional 772 shares during the last quarter. Institutional investors and hedge funds own 84.70% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Wall Street Zen cut shares of Dorman Products from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 9th. Zacks Research upgraded 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 two have issued a Buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $143.50.

Dorman Products Trading Down 0.6%

DORM traded down $0.93 on Thursday, hitting $153.12. The company had a trading volume of 222,390 shares, compared to its average volume of 220,396. The firm has a market cap of $4.67 billion, a P/E ratio of 20.83 and a beta of 0.79. Dorman Products, Inc. has a 1 year low of $106.21 and a 1 year high of $157.59. The company's fifty day moving average price is $129.06 and its 200 day moving average price is $125.34. The company has a current ratio of 2.74, a quick ratio of 1.21 and a debt-to-equity ratio of 0.31.

Dorman Products (NASDAQ:DORM - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The auto parts company reported $2.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.30. The firm had revenue of $540.96 million for the quarter, compared to analyst estimates of $517.13 million. Dorman Products had a net margin of 10.83% and a return on equity of 19.23%. Dorman Products's revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.67 EPS. Dorman Products has set its FY 2025 guidance at 8.600-8.900 EPS. As a group, equities analysts expect that Dorman Products, Inc. will post 6.9 earnings per share for the current year.

Insider Transactions at Dorman Products

In related news, SVP Donna M. Long sold 820 shares of the business's 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 sale, the senior vice president directly owned 19,074 shares in the company, valued at approximately $2,331,033.54. The trade was a 4.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company 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.