Dorman Products, Inc. $DORM Position Trimmed by Citigroup Inc.

Citigroup Inc. trimmed its stake in Dorman Products, Inc. (NASDAQ:DORM) by 51.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,139 shares of the auto parts company’s stock after selling 13,848 shares during the quarter. Citigroup Inc.’s holdings in Dorman Products were worth $2,048,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in DORM. Convergence Financial LLC increased its stake in Dorman Products by 41.7% in the 3rd quarter. Convergence Financial LLC now owns 4,520 shares of the auto parts company’s stock valued at $705,000 after buying an additional 1,331 shares during the period. First National Bank of Omaha acquired a new stake in shares of Dorman Products during the 3rd quarter valued at $5,099,000. Beirne Wealth Consulting Services LLC purchased a new position in shares of Dorman Products during the 3rd quarter valued at $234,000. Summitry LLC purchased a new position in shares of Dorman Products during the 3rd quarter valued at $243,000. Finally, Vanguard Group Inc. increased its stake in shares of Dorman Products by 0.3% in the third quarter. Vanguard Group Inc. now owns 3,061,577 shares of the auto parts company’s stock worth $477,239,000 after acquiring an additional 9,811 shares during the last quarter. 84.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Dorman Products

In related news, insider John Mcknight sold 2,000 shares of the company’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $128.80, for a total transaction of $257,600.00. Following the completion of the transaction, the insider directly owned 9,112 shares in the company, valued at $1,173,625.60. This represents a 18.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Donna M. Long sold 812 shares of the stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $123.75, for a total transaction of $100,485.00. Following the completion of the sale, the senior vice president directly owned 17,856 shares of the company’s stock, valued at approximately $2,209,680. This trade represents a 4.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 8.90% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Wall Street Zen lowered Dorman Products from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Barrington Research reaffirmed an “outperform” rating and issued a $150.00 target price on shares of Dorman Products in a research report on Thursday. Zacks Research downgraded Dorman Products from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 3rd. Jefferies Financial Group upgraded Dorman Products from a “hold” rating to a “buy” rating and reduced their price target for the company from $159.00 to $140.00 in a report on Monday, March 2nd. Finally, Weiss Ratings cut Dorman Products from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $162.83.

Dorman Products Price Performance

Shares of NASDAQ:DORM opened at $109.33 on Monday. The company has a market cap of $3.30 billion, a price-to-earnings ratio of 16.47 and a beta of 0.92. The business has a 50 day moving average price of $124.98 and a 200 day moving average price of $136.61. The company has a quick ratio of 1.14, a current ratio of 3.09 and a debt-to-equity ratio of 0.27. Dorman Products, Inc. has a twelve month low of $106.95 and a twelve month high of $166.89.

Dorman Products (NASDAQ:DORM) last issued its quarterly earnings results on Wednesday, February 25th. The auto parts company reported $2.17 EPS for the quarter, topping the consensus estimate of $2.15 by $0.02. Dorman Products had a return on equity of 19.15% and a net margin of 9.59%.The company had revenue of $537.93 million for the quarter, compared to the consensus estimate of $573.38 million. During the same period in the previous year, the business posted $2.20 EPS. The company’s revenue for the quarter was up .8% on a year-over-year basis. Dorman Products has set its FY 2026 guidance at 8.100-8.50 EPS. Research analysts predict that Dorman Products, Inc. will post 6.9 earnings per share for the current year.

About Dorman Products

Dorman Products, Inc is a leading independent global supplier of automotive aftermarket parts and hardware. Headquartered in Colmar, Pennsylvania, the company specializes in the design, manufacture and distribution of replacement components for passenger cars, light trucks and commercial vehicles. Dorman’s offerings span both mechanical and electrical systems, providing solutions that help repair shops and retailers address wear-out and collision-related failures on domestic and import vehicles.

The company’s extensive product portfolio includes steering and suspension components, brake system parts, engine management and cooling products, exterior and body hardware, and an array of fasteners, clips and brackets.