Atom Investors LP Raises Holdings in Dorman Products, Inc. $DORM

Atom Investors LP lifted its holdings in shares of Dorman Products, Inc. (NASDAQ:DORM) by 293.4% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 50,191 shares of the auto parts company’s stock after acquiring an additional 37,433 shares during the period. Atom Investors LP owned approximately 0.16% of Dorman Products worth $6,183,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of DORM. Westfield Capital Management Co. LP purchased a new stake in shares of Dorman Products during the fourth quarter worth about $56,940,000. Victory Capital Management Inc. grew its stake in shares of Dorman Products by 4,111.8% during the fourth quarter. Victory Capital Management Inc. now owns 366,087 shares of the auto parts company’s stock worth $45,098,000 after acquiring an additional 357,395 shares during the last quarter. Norges Bank purchased a new stake in shares of Dorman Products during the fourth quarter worth about $41,488,000. Clark Capital Management Group Inc. grew its stake in shares of Dorman Products by 299.6% during the third quarter. Clark Capital Management Group Inc. now owns 316,961 shares of the auto parts company’s stock worth $49,408,000 after acquiring an additional 237,639 shares during the last quarter. Finally, Jennison Associates LLC grew its stake in shares of Dorman Products by 22.1% during the fourth quarter. Jennison Associates LLC now owns 813,781 shares of the auto parts company’s stock worth $100,250,000 after acquiring an additional 147,233 shares during the last quarter. Hedge funds and other institutional investors own 84.70% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Zacks Research upgraded Dorman Products from a “strong sell” rating to a “hold” rating in a research note on Friday, May 15th. Wells Fargo & Company decreased their target price on Dorman Products from $150.00 to $140.00 and set an “overweight” rating for the company in a report on Friday, February 27th. Stephens reaffirmed an “overweight” rating and set a $150.00 target price on shares of Dorman Products in a report on Wednesday, March 18th. Wall Street Zen downgraded Dorman Products from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $150.00 target price on shares of Dorman Products in a report on Monday, May 4th. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $157.00.

Dorman Products Trading Down 0.3%

Dorman Products stock opened at $125.75 on Wednesday. The company has a quick ratio of 1.28, a current ratio of 3.29 and a debt-to-equity ratio of 0.27. Dorman Products, Inc. has a 52 week low of $98.44 and a 52 week high of $166.89. The company has a market capitalization of $3.76 billion, a price-to-earnings ratio of 20.28 and a beta of 0.99. The stock has a 50-day moving average price of $117.25 and a 200 day moving average price of $119.65.

Dorman Products (NASDAQ:DORM) last announced its quarterly earnings results on Monday, May 4th. The auto parts company reported $1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.05. Dorman Products had a return on equity of 17.73% and a net margin of 8.84%.The company had revenue of $528.77 million during the quarter, compared to the consensus estimate of $524.80 million. During the same period in the previous year, the company posted $2.02 earnings per share. Dorman Products’s revenue for the quarter was up 4.2% on a year-over-year basis. Dorman Products has set its FY 2026 guidance at 8.100-8.500 EPS. Sell-side analysts anticipate that Dorman Products, Inc. will post 8.22 EPS for the current year.

Dorman Products 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.