Harbor Capital Advisors Inc. Purchases 8,176 Shares of Dorman Products, Inc. $DORM

Harbor Capital Advisors Inc. increased its position in Dorman Products, Inc. (NASDAQ:DORM) by 9,970.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,258 shares of the auto parts company’s stock after purchasing an additional 8,176 shares during the period. Harbor Capital Advisors Inc.’s holdings in Dorman Products were worth $1,017,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Private Trust Co. NA boosted its holdings in shares of Dorman Products by 101.2% during the 3rd quarter. Private Trust Co. NA now owns 165 shares of the auto parts company’s stock valued at $26,000 after buying an additional 83 shares in the last quarter. Salem Investment Counselors Inc. bought a new position in shares of Dorman Products in the 3rd quarter worth about $27,000. Salomon & Ludwin LLC purchased a new position in Dorman Products during the 3rd quarter valued at about $29,000. EverSource Wealth Advisors LLC boosted its stake in Dorman Products by 594.1% during the second quarter. EverSource Wealth Advisors LLC now owns 236 shares of the auto parts company’s stock worth $29,000 after acquiring an additional 202 shares in the last quarter. Finally, Richardson Financial Services Inc. boosted its stake in Dorman Products by 134.6% during the third quarter. Richardson Financial Services Inc. now owns 244 shares of the auto parts company’s stock worth $38,000 after acquiring an additional 140 shares in the last quarter. Institutional investors own 84.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on DORM. Stephens reissued an “overweight” rating and issued a $150.00 price target on shares of Dorman Products in a research report on Wednesday, March 18th. Barrington Research reissued an “outperform” rating and issued a $150.00 target price on shares of Dorman Products in a research note on Thursday, March 5th. 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. Wall Street Zen lowered Dorman Products from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Finally, Weiss Ratings cut shares of Dorman Products from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, January 30th. Six investment analysts have rated the stock with a Buy rating, one has assigned 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 $157.00.

Insider Transactions at Dorman Products

In other news, SVP Donna M. Long sold 947 shares of the firm’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $103.07, for a total transaction of $97,607.29. Following the sale, the senior vice president owned 20,073 shares of the company’s stock, valued at $2,068,924.11. This trade represents a 4.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 8.90% of the company’s stock.

Dorman Products Stock Performance

Shares of DORM opened at $100.90 on Monday. The company has a market cap of $3.05 billion, a price-to-earnings ratio of 15.20 and a beta of 0.96. The business’s fifty day simple moving average is $116.22 and its two-hundred day simple moving average is $128.51. Dorman Products, Inc. has a 12 month low of $98.44 and a 12 month high of $166.89. The company has a current ratio of 3.09, a quick ratio of 1.14 and a debt-to-equity ratio of 0.27.

Dorman Products (NASDAQ:DORM) last posted its quarterly earnings results on Wednesday, February 25th. The auto parts company reported $2.17 earnings per share 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 firm had revenue of $537.93 million during the quarter, compared to analysts’ expectations of $573.38 million. During the same quarter in the previous year, the business earned $2.20 earnings per share. The company’s revenue 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 anticipate that Dorman Products, Inc. will post 6.9 earnings per share for the current fiscal year.

Dorman Products Company Profile

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.