Handelsbanken Fonder AB Reduces Holdings in Dorman Products, Inc. $DORM

Handelsbanken Fonder AB lowered its position in Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 30.8% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 6,744 shares of the auto parts company's stock after selling 3,000 shares during the quarter. Handelsbanken Fonder AB's holdings in Dorman Products were worth $827,000 as of its most recent SEC filing.

• Dorman Products Is A Buy For Small-Cap Growth Investors

Several other institutional investors have also added to or reduced their stakes in DORM. Allianz Asset Management GmbH bought a new stake in shares of Dorman Products in the first quarter valued at approximately $242,000. Cetera Investment Advisers grew its stake in Dorman Products by 20.9% in the 1st quarter. Cetera Investment Advisers now owns 4,327 shares of the auto parts company's stock valued at $522,000 after buying an additional 749 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Dorman Products by 5.4% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,601 shares of the auto parts company's stock valued at $916,000 after acquiring an additional 388 shares during the period. LPL Financial LLC lifted its position in shares of Dorman Products by 10.7% during the first quarter. LPL Financial LLC now owns 21,816 shares of the auto parts company's stock worth $2,566,000 after acquiring an additional 2,101 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new position in shares of Dorman Products in the first quarter worth $582,000. 84.70% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Dorman Products

In related news, CAO Gregory C. Bowen sold 1,453 shares of the stock in a transaction on Friday, September 12th. The stock was sold at an average price of $162.81, for a total value of $236,562.93. Following the transaction, the chief accounting officer owned 4,659 shares of the company's stock, valued at $758,531.79. This represents a 23.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 8.90% of the company's stock.

Dorman Products Stock Down 1.4%

• It’s Time To Hitch A Ride With Dorman Products Stock

DORM stock opened at $132.39 on Friday. The company's 50 day moving average is $141.44 and its 200 day moving average is $138.07. The stock has a market cap of $4.05 billion, a price-to-earnings ratio of 16.49 and a beta of 0.84. The company has a current ratio of 2.94, a quick ratio of 1.21 and a debt-to-equity ratio of 0.28. Dorman Products, Inc. has a 1-year low of $106.95 and a 1-year high of $166.89.

Dorman Products (NASDAQ:DORM - Get Free Report) last released its quarterly earnings results on Monday, October 27th. The auto parts company reported $2.62 EPS for the quarter, topping analysts' consensus estimates of $2.31 by $0.31. The business had revenue of $543.74 million during the quarter, compared to analysts' expectations of $548.60 million. Dorman Products had a net margin of 11.62% and a return on equity of 19.85%. The business's quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.96 EPS. Dorman Products has set its FY 2025 guidance at 8.600-8.900 EPS. Sell-side analysts predict that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Weiss Ratings reiterated a "buy (b-)" rating on shares of Dorman Products in a research note on Tuesday. Wells Fargo & Company assumed coverage on Dorman Products in a research report on Friday, August 22nd. They set an "overweight" rating and a $175.00 price target on the stock. Stephens started coverage on shares of Dorman Products in a research report on Tuesday, September 30th. They issued an "overweight" rating and a $185.00 price objective for the company. BMO Capital Markets began coverage on shares of Dorman Products in a report on Thursday, September 18th. They set an "outperform" rating and a $180.00 target price on the stock. Finally, Roth Capital raised their price target on shares of Dorman Products to $182.00 and gave the company a "buy" rating in a report on Tuesday, August 26th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, Dorman Products currently has a consensus rating of "Buy" and an average price target of $180.50.

Get Our Latest Stock Report on DORM

Dorman Products Company 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.

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