Envestnet Portfolio Solutions Inc. Buys 1,038 Shares of Dorman Products, Inc. $DORM

Envestnet Portfolio Solutions Inc. increased its stake in shares of Dorman Products, Inc. (NASDAQ:DORM) by 28.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,711 shares of the auto parts company’s stock after buying an additional 1,038 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Dorman Products were worth $578,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of DORM. GAMMA Investing LLC grew its holdings in Dorman Products by 40.8% during the first quarter. GAMMA Investing LLC now owns 945 shares of the auto parts company’s stock worth $114,000 after buying an additional 274 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Dorman Products by 3.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 2,469 shares of the auto parts company’s stock worth $298,000 after purchasing an additional 90 shares during the last quarter. QRG Capital Management Inc. boosted its position in Dorman Products by 7.7% in the first quarter. QRG Capital Management Inc. now owns 1,836 shares of the auto parts company’s stock worth $221,000 after purchasing an additional 131 shares during the last quarter. Blue Trust Inc. boosted its position in Dorman Products by 42.5% in the first quarter. Blue Trust Inc. now owns 503 shares of the auto parts company’s stock worth $61,000 after purchasing an additional 150 shares during the last quarter. Finally, Flagship Harbor Advisors LLC boosted its position in Dorman Products by 12.5% in the first quarter. Flagship Harbor Advisors LLC now owns 2,493 shares of the auto parts company’s stock worth $301,000 after purchasing an additional 277 shares during the last quarter. Institutional investors own 84.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Wall Street Zen raised Dorman Products from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Wells Fargo & Company assumed coverage on Dorman Products in a research report on Friday, August 22nd. They issued an “overweight” rating and a $175.00 price objective on the stock. Zacks Research raised Dorman Products from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 13th. Roth Capital boosted their price objective on Dorman Products to $182.00 and gave the stock a “buy” rating in a research report on Tuesday, August 26th. Finally, BMO Capital Markets initiated coverage on Dorman Products in a research report on Thursday, September 18th. They set an “outperform” rating and a $180.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $175.00.

Dorman Products Stock Performance

NASDAQ:DORM opened at $148.19 on Wednesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.21 and a current ratio of 2.74. Dorman Products, Inc. has a 52-week low of $106.95 and a 52-week high of $166.89. The firm has a market cap of $4.52 billion, a price-to-earnings ratio of 20.16 and a beta of 0.84. The business’s fifty day moving average is $154.69 and its 200 day moving average is $134.06.

Dorman Products (NASDAQ:DORM) last released its quarterly earnings data 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. Dorman Products had a return on equity of 19.23% and a net margin of 10.83%.The company had revenue of $540.96 million for the quarter, compared to analyst estimates of $517.13 million. During the same period in the previous year, the company posted $1.67 EPS. The firm’s revenue for the quarter 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. Research analysts predict that Dorman Products, Inc. will post 6.9 EPS for the current year.

Insiders Place Their Bets

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

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.