Snyder Capital Management L P reduced its position in shares of Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 23.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 188,458 shares of the auto parts company's stock after selling 56,476 shares during the quarter. Snyder Capital Management L P owned 0.62% of Dorman Products worth $24,415,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of DORM. Westside Investment Management Inc. bought a new stake in Dorman Products during the 3rd quarter valued at about $29,000. Jones Financial Companies Lllp raised its stake in Dorman Products by 518.4% during the 4th quarter. Jones Financial Companies Lllp now owns 235 shares of the auto parts company's stock valued at $30,000 after buying an additional 197 shares during the last quarter. Quent Capital LLC bought a new position in shares of Dorman Products during the 4th quarter valued at $31,000. CIBC Private Wealth Group LLC lifted its holdings in shares of Dorman Products by 163.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 277 shares of the auto parts company's stock valued at $35,000 after buying an additional 172 shares during the period. Finally, Newbridge Financial Services Group Inc. bought a new position in shares of Dorman Products during the 4th quarter valued at $42,000. 84.70% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In other Dorman Products news, SVP Donna M. Long sold 742 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $130.38, for a total value of $96,741.96. Following the completion of the sale, the senior vice president now owns 19,894 shares in the company, valued at approximately $2,593,779.72. This represents a 3.60 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 8.90% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
Separately, StockNews.com cut Dorman Products from a "strong-buy" rating to a "buy" rating in a report on Saturday.
View Our Latest Research Report on DORM
Dorman Products Stock Performance
Shares of NASDAQ:DORM traded down $0.46 during midday trading on Wednesday, hitting $111.63. The company had a trading volume of 120,643 shares, compared to its average volume of 176,726. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.34 and a quick ratio of 1.16. The company has a market cap of $3.41 billion, a price-to-earnings ratio of 18.67 and a beta of 0.87. Dorman Products, Inc. has a 12-month low of $86.77 and a 12-month high of $146.60. The company has a fifty day moving average of $120.70 and a two-hundred day moving average of $126.81.
Dorman Products (NASDAQ:DORM - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The auto parts company reported $2.20 EPS for the quarter, topping the consensus estimate of $1.99 by $0.21. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. The firm had revenue of $533.77 million during the quarter, compared to analyst estimates of $523.95 million. On average, equities research analysts expect that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.
About Dorman Products
(
Free Report)
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.
Further Reading
Before you consider Dorman Products, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Dorman Products wasn't on the list.
While Dorman Products currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
