Capital Fund Management S.A. Buys New Shares in Dorman Products, Inc. $DORM

Capital Fund Management S.A. acquired a new position in shares of Dorman Products, Inc. (NASDAQ:DORM) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 11,599 shares of the auto parts company’s stock, valued at approximately $1,423,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. New York State Teachers Retirement System increased its holdings in shares of Dorman Products by 0.4% in the second quarter. New York State Teachers Retirement System now owns 24,835 shares of the auto parts company’s stock valued at $3,047,000 after purchasing an additional 94 shares during the last quarter. Bank of Montreal Can boosted its holdings in shares of Dorman Products by 2.3% during the 2nd quarter. Bank of Montreal Can now owns 4,556 shares of the auto parts company’s stock worth $559,000 after buying an additional 104 shares during the period. Keybank National Association OH grew its stake in Dorman Products by 4.7% in the 2nd quarter. Keybank National Association OH now owns 4,406 shares of the auto parts company’s stock valued at $540,000 after buying an additional 199 shares during the last quarter. Cetera Investment Advisers raised its holdings in Dorman Products by 4.6% in the 2nd quarter. Cetera Investment Advisers now owns 4,528 shares of the auto parts company’s stock valued at $555,000 after acquiring an additional 201 shares during the period. Finally, Ameritas Investment Partners Inc. lifted its position in Dorman Products by 7.8% during the second quarter. Ameritas Investment Partners Inc. now owns 2,819 shares of the auto parts company’s stock worth $346,000 after acquiring an additional 203 shares during the last quarter. 84.70% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CAO Gregory C. Bowen sold 1,453 shares of the stock in a transaction 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 directly owned 4,659 shares in the company, valued at $758,531.79. This represents a 23.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 8.90% of the company’s stock.

Dorman Products Trading Down 2.0%

DORM opened at $126.36 on Friday. The company has a market cap of $3.86 billion, a P/E ratio of 15.74 and a beta of 0.88. The company has a current ratio of 2.94, a quick ratio of 1.19 and a debt-to-equity ratio of 0.28. The company’s 50 day moving average is $139.34 and its 200-day moving average is $138.02. Dorman Products, Inc. has a 1-year low of $106.95 and a 1-year high of $166.89.

Dorman Products (NASDAQ:DORM) last posted its earnings results on Monday, October 27th. The auto parts company reported $2.62 EPS for the quarter, beating the consensus estimate of $2.31 by $0.31. Dorman Products had a return on equity of 19.85% and a net margin of 11.62%.The firm had revenue of $543.74 million during the quarter, compared to the consensus estimate of $548.60 million. During the same period last year, the company earned $1.96 earnings per share. The business’s quarterly revenue was up 7.9% on a year-over-year basis. Dorman Products has set its FY 2025 guidance at 8.600-8.900 EPS. Equities research analysts predict that Dorman Products, Inc. will post 6.9 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on DORM shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Dorman Products in a research report on Monday. Roth Capital upped their price target on shares of Dorman Products to $182.00 and gave the company a “buy” rating in a research note on Tuesday, August 26th. Wells Fargo & Company assumed 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 on the stock. Wall Street Zen downgraded shares of Dorman Products from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 26th. Finally, Stephens initiated coverage on shares of Dorman Products in a research report on Tuesday, September 30th. They set an “overweight” rating and a $185.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Dorman Products currently has a consensus rating of “Buy” and an average price target of $180.50.

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.