TD Private Client Wealth LLC Raises Holdings in Dorman Products, Inc. $DORM

TD Private Client Wealth LLC boosted its stake in shares of Dorman Products, Inc. (NASDAQ:DORM) by 139.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,376 shares of the auto parts company’s stock after acquiring an additional 801 shares during the quarter. TD Private Client Wealth LLC’s holdings in Dorman Products were worth $169,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of DORM. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Dorman Products by 19.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 52,664 shares of the auto parts company’s stock valued at $6,823,000 after purchasing an additional 8,494 shares during the last quarter. Mackenzie Financial Corp purchased a new stake in shares of Dorman Products in the 4th quarter worth approximately $212,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of Dorman Products by 7.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 2,379 shares of the auto parts company’s stock worth $308,000 after buying an additional 157 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Dorman Products by 1,136.2% in the 4th quarter. Wellington Management Group LLP now owns 174,717 shares of the auto parts company’s stock worth $22,635,000 after buying an additional 160,584 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Dorman Products by 16,876.2% in the 1st quarter. GAMMA Investing LLC now owns 113,910 shares of the auto parts company’s stock worth $13,731,000 after buying an additional 113,239 shares during the last quarter. Institutional investors own 84.70% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Zacks Research upgraded Dorman Products from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 13th. Wall Street Zen downgraded Dorman Products from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 9th. BMO Capital Markets initiated coverage on Dorman Products in a research note on Thursday, September 18th. They issued an “outperform” rating and a $180.00 price target on the stock. Wells Fargo & Company initiated coverage on Dorman Products in a research note on Friday, August 22nd. They issued an “overweight” rating and a $175.00 price target on the stock. Finally, Roth Capital raised their price target on Dorman Products to $182.00 and gave the stock a “buy” rating in a research note on Tuesday, August 26th. One analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $172.50.

Insider Activity

In related news, SVP Donna M. Long sold 820 shares of Dorman Products stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $122.21, for a total value of $100,212.20. Following the completion of the transaction, the senior vice president owned 19,074 shares in the company, valued at approximately $2,331,033.54. This trade represents a 4.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Gregory C. Bowen sold 1,453 shares of Dorman Products stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $162.81, for a total value of $236,562.93. Following the completion of the transaction, the chief accounting officer owned 4,659 shares of the company’s stock, valued at approximately $758,531.79. This represents a 23.77% decrease in their position. The disclosure for this sale can be found here. Company insiders own 8.90% of the company’s stock.

Dorman Products Price Performance

Shares of Dorman Products stock opened at $155.30 on Monday. The stock’s 50-day simple moving average is $148.47 and its 200-day simple moving average is $131.43. Dorman Products, Inc. has a 52 week low of $106.95 and a 52 week high of $166.89. The company has a market capitalization of $4.74 billion, a price-to-earnings ratio of 21.13 and a beta of 0.81. The company has a quick ratio of 1.21, a current ratio of 2.74 and a debt-to-equity ratio of 0.31.

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

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.