Deutsche Bank AG Sells 2,086 Shares of Dorman Products, Inc. $DORM

Deutsche Bank AG trimmed its holdings in shares of Dorman Products, Inc. (NASDAQ:DORM) by 8.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,714 shares of the auto parts company’s stock after selling 2,086 shares during the quarter. Deutsche Bank AG owned 0.07% of Dorman Products worth $2,617,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Dorman Products in the 4th quarter valued at $42,495,000. Oberweis Asset Management Inc. bought a new position in Dorman Products during the fourth quarter worth $23,283,000. Wellington Management Group LLP boosted its stake in Dorman Products by 1,136.2% during the fourth quarter. Wellington Management Group LLP now owns 174,717 shares of the auto parts company’s stock worth $22,635,000 after acquiring an additional 160,584 shares in the last quarter. Jennison Associates LLC boosted its stake in 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 in the last quarter. Finally, Cercano Management LLC bought a new position in Dorman Products during the fourth quarter worth $16,328,000. 84.70% of the stock is owned by institutional investors.

Insider Activity at Dorman Products

In other news, SVP Donna M. Long sold 820 shares of the 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 completion of the sale, the senior vice president owned 19,074 shares in the company, valued at $2,331,033.54. This represents a 4.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 8.90% of the stock is currently owned by corporate insiders.

Dorman Products Stock Performance

Shares of DORM stock opened at $154.79 on Wednesday. The firm has a 50-day moving average of $128.52 and a 200-day moving average of $125.14. The company has a market cap of $4.73 billion, a P/E ratio of 21.06 and a beta of 0.79. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.74 and a quick ratio of 1.21. Dorman Products, Inc. has a one year low of $106.21 and a one year high of $157.59.

Dorman Products (NASDAQ:DORM) last announced its earnings results on Monday, August 4th. The auto parts company reported $2.06 EPS for the quarter, beating the consensus estimate of $1.76 by $0.30. The company had revenue of $540.96 million during the quarter, compared to the consensus estimate of $517.13 million. Dorman Products had a net margin of 10.83% and a return on equity of 19.23%. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.67 earnings per share. Dorman Products has set its FY 2025 guidance at 8.600-8.900 EPS. Equities research analysts forecast that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on DORM shares. Wall Street Zen lowered shares of Dorman Products from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 9th. Zacks Research upgraded shares of Dorman Products from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $143.50.

Dorman Products 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.