Advisors Asset Management Inc. Purchases 255 Shares of Dorman Products, Inc. $DORM

Advisors Asset Management Inc. lifted its stake in shares of Dorman Products, Inc. (NASDAQ:DORM) by 38.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 912 shares of the auto parts company’s stock after acquiring an additional 255 shares during the quarter. Advisors Asset Management Inc.’s holdings in Dorman Products were worth $110,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Invesco Ltd. increased 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 period. GW&K Investment Management LLC increased 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 period. Jennison Associates LLC increased 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 period. Wellington Management Group LLP increased its position in shares of Dorman Products by 192.9% during the first quarter. Wellington Management Group LLP now owns 511,791 shares of the auto parts company’s stock worth $61,691,000 after acquiring an additional 337,074 shares during the period. Finally, Fuller & Thaler Asset Management Inc. increased its position in shares of Dorman Products by 30.2% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 427,104 shares of the auto parts company’s stock worth $51,483,000 after acquiring an additional 99,084 shares during the period. 84.70% of the stock is owned by hedge funds and other institutional investors.

Dorman Products Trading Down 1.4%

NASDAQ DORM opened at $161.33 on Friday. The company has a market capitalization of $4.93 billion, a PE ratio of 21.95 and a beta of 0.82. The company has a fifty day moving average of $141.76 and a 200 day moving average of $129.42. Dorman Products, Inc. has a 1 year low of $106.21 and a 1 year high of $166.89. 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 (NASDAQ:DORM) last posted its earnings results on Monday, August 4th. The auto parts company reported $2.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.67 earnings per share. Dorman Products has set its FY 2025 guidance at 8.600-8.900 EPS. Research analysts forecast that Dorman Products, Inc. will post 6.9 earnings per share 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 sale, the senior vice president directly 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 8.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on DORM shares. Roth Capital lifted their price objective on shares of Dorman Products to $182.00 and gave the company a “buy” rating in a report on Tuesday, August 26th. Wall Street Zen lowered shares of Dorman Products from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 9th. Wells Fargo & Company started coverage on shares of Dorman Products in a report on Friday, August 22nd. They set an “overweight” rating and a $175.00 price objective on the stock. Finally, Zacks Research raised 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 three have issued a Buy rating to the company. According to data from MarketBeat.com, Dorman Products has an average rating of “Buy” and a consensus target price of $170.00.

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.