Loomis Sayles & Co. L P Sells 6,793 Shares of Dorman Products, Inc. $DORM

Loomis Sayles & Co. L P reduced its holdings in Dorman Products, Inc. by 2.4% in Q2, selling 6,793 shares. The firm now owns 281,481 shares worth $34.53 million. Other institutional investors also adjusted their holdings. Analysts have given Dorman Products a consensus rating of 'Buy' with a price target of $180.50. The stock is trading at $132.39, with a market cap of $4.05 billion. Dorman Products reported Q3 earnings of $2.62 per share, beating estimates, with revenue up 7.9% year-over-year.

Loomis Sayles & Co. L P cut its holdings in Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 2.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 281,481 shares of the auto parts company's stock after selling 6,793 shares during the quarter. Loomis Sayles & Co. L P owned approximately 0.92% of Dorman Products worth $34,529,000 as of its most recent SEC filing.

Dorman Products Is A Buy For Small-Cap Growth Investors

Other institutional investors also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd grew its stake in shares of Dorman Products by 961.3% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 329 shares of the auto parts company's stock worth $40,000 after buying an additional 298 shares during the last quarter. Acadian Asset Management LLC bought a new stake in Dorman Products in the first quarter worth $71,000. Vestcor Inc purchased a new stake in shares of Dorman Products in the first quarter worth $92,000. Elevation Point Wealth Partners LLC bought a new position in shares of Dorman Products during the second quarter valued at $110,000. Finally, Advisors Asset Management Inc. increased its holdings in shares of Dorman Products by 38.8% during the first quarter. Advisors Asset Management Inc. now owns 912 shares of the auto parts company's stock valued at $110,000 after acquiring an additional 255 shares in the last quarter. 84.70% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on DORM shares. Wells Fargo & Company began coverage on shares of Dorman Products in a research report on Friday, August 22nd. They set an "overweight" rating and a $175.00 price target for the company. BMO Capital Markets started coverage on Dorman Products in a research note on Thursday, September 18th. They set an "outperform" rating and a $180.00 target price on the stock. Roth Capital lifted their target price on Dorman Products to $182.00 and gave the stock a "buy" rating in a report on Tuesday, August 26th. Zacks Research cut Dorman Products from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 27th. Finally, Wall Street Zen cut Dorman Products from a "strong-buy" rating to a "buy" rating in a research report on Sunday, October 26th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, Dorman Products has a consensus rating of "Buy" and a consensus price target of $180.50.

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

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Insider Activity at Dorman Products

In related news, CAO Gregory C. Bowen sold 1,453 shares of the stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $162.81, for a total transaction of $236,562.93. Following the completion of the sale, 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 SEC, which is available at this link. Insiders own 8.90% of the company's stock.

Dorman Products Trading Down 1.4%

Shares of DORM opened at $132.39 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.21 and a current ratio of 2.94. Dorman Products, Inc. has a fifty-two week low of $106.95 and a fifty-two week high of $166.89. The company's fifty day moving average is $141.44 and its 200 day moving average is $138.12. The stock has a market capitalization of $4.05 billion, a PE ratio of 16.49 and a beta of 0.84.

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

Dorman Products Company Profile

(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.

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