Versor Investments LP Increases Stock Holdings in Dorman Products, Inc. $DORM

Key Points

• Versor Investments LP increased its stake in Dorman Products by 138.3% by purchasing 4,691 shares, bringing its total holdings to 8,084 shares, valued at $974,000.
• Dorman Products reported a quarterly EPS of $2.06, exceeding estimates by $0.30, and reported a 7.6% revenue increase year over year, totaling $540.96 million.
• Several hedge funds raised their stakes in Dorman Products, with notable increases including 16,876.2% by GAMMA Investing LLC and 1,136.2% by Wellington Management Group LLP.

Versor Investments LP grew its position in shares of Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 138.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,084 shares of the auto parts company's stock after purchasing an additional 4,691 shares during the quarter. Versor Investments LP's holdings in Dorman Products were worth $974,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Invesco Ltd. raised its position in shares of Dorman Products by 22.1% during the first quarter. Invesco Ltd. now owns 760,774 shares of the auto parts company's stock worth $91,704,000 after acquiring an additional 137,913 shares during the last quarter. GW&K Investment Management LLC raised its position in shares of Dorman Products by 0.7% during the first quarter. GW&K Investment Management LLC now owns 601,363 shares of the auto parts company's stock worth $72,489,000 after acquiring an additional 4,363 shares during the last quarter. Jennison Associates LLC raised its position in shares of Dorman Products by 32.1% during the first quarter. Jennison Associates LLC now owns 598,642 shares of the auto parts company's stock worth $72,160,000 after acquiring an additional 145,391 shares during the last quarter. Northern Trust Corp raised its position in shares of Dorman Products by 10.2% during the fourth quarter. Northern Trust Corp now owns 472,721 shares of the auto parts company's stock worth $61,241,000 after acquiring an additional 43,811 shares during the last quarter. Finally, Fiera Capital Corp raised its position in shares of Dorman Products by 52.1% during the first quarter. Fiera Capital Corp now owns 337,288 shares of the auto parts company's stock worth $40,657,000 after acquiring an additional 115,498 shares during the last quarter. 84.70% of the stock is currently owned by institutional investors.

Dorman Products Trading Up 6.3%

DORM stock traded up $9.61 during mid-day trading on Friday, reaching $162.73. The company's stock had a trading volume of 252,939 shares, compared to its average volume of 220,599. 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, Inc. has a 12 month low of $106.21 and a 12 month high of $163.45. The business's 50 day moving average price is $129.55 and its 200 day moving average price is $125.49. The company has a market cap of $4.97 billion, a price-to-earnings ratio of 22.14 and a beta of 0.79.

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 return on equity of 19.23% and a net margin of 10.83%.The firm had revenue of $540.96 million during the quarter, compared to analysts' expectations of $517.13 million. During the same quarter last year, the firm posted $1.67 earnings per share. The company's revenue for the quarter 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, equities research analysts predict that Dorman Products, Inc. will post 6.9 EPS for the current year.

Insider Buying and Selling

In other Dorman Products news, SVP Donna M. Long sold 820 shares of the firm's stock in a transaction that occurred 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 sale, the senior vice president owned 19,074 shares of the company's stock, valued at approximately $2,331,033.54. This trade represents a 4.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 8.90% of the company's stock.

Wall Street Analyst Weigh In

DORM has been the subject of a number of analyst reports. Wall Street Zen downgraded Dorman Products from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 9th. Wells Fargo & Company initiated coverage on Dorman Products in a research report on Friday. They set an "overweight" rating and a $175.00 price objective for the company. Finally, Zacks Research upgraded Dorman Products from a "hold" rating to a "strong-buy" rating in a report 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.com, the stock currently has an average rating of "Buy" and an average price target of $154.00.

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.