Bessemer Group Inc. Has $13.43 Million Position in Dorman Products, Inc. $DORM

Bessemer Group Inc. raised its stake in shares of Dorman Products, Inc. (NASDAQ:DORM) by 24,717.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 109,445 shares of the auto parts company’s stock after purchasing an additional 109,004 shares during the quarter. Bessemer Group Inc.’s holdings in Dorman Products were worth $13,425,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in DORM. GAMMA Investing LLC boosted 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 valued at $114,000 after purchasing an additional 274 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Dorman Products by 3.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 2,469 shares of the auto parts company’s stock valued at $298,000 after buying an additional 90 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in shares of Dorman Products by 134.3% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 35,671 shares of the auto parts company’s stock valued at $4,300,000 after purchasing an additional 20,448 shares in the last quarter. KBC Group NV boosted its stake in shares of Dorman Products by 16.1% in the 1st quarter. KBC Group NV now owns 1,226 shares of the auto parts company’s stock valued at $148,000 after purchasing an additional 170 shares in the last quarter. Finally, New York State Teachers Retirement System boosted its stake in shares of Dorman Products by 0.4% in the 1st quarter. New York State Teachers Retirement System now owns 24,741 shares of the auto parts company’s stock valued at $2,982,000 after purchasing an additional 100 shares in the last quarter. 84.70% of the stock is owned by institutional investors and hedge funds.

Dorman Products Trading Down 9.8%

Shares of DORM opened at $138.73 on Wednesday. The company has a quick ratio of 1.21, a current ratio of 2.74 and a debt-to-equity ratio of 0.31. Dorman Products, Inc. has a 12-month low of $106.95 and a 12-month high of $166.89. The firm has a market capitalization of $4.24 billion, a PE ratio of 17.28 and a beta of 0.84. The stock’s fifty day simple moving average is $154.45 and its 200-day simple moving average is $135.48.

Dorman Products (NASDAQ:DORM) last released its earnings results on Monday, October 27th. The auto parts company reported $2.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.31 by $0.31. Dorman Products had a net margin of 11.62% and a return on equity of 20.36%. The company had revenue of $543.74 million for the quarter, compared to the consensus estimate of $548.60 million. During the same period in the prior year, the company posted $1.96 EPS. The company’s revenue was up 7.9% compared to the same quarter last year. Dorman Products has set its FY 2025 guidance at 8.600-8.900 EPS. As a group, research analysts predict that Dorman Products, Inc. will post 6.9 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. BMO Capital Markets assumed coverage on shares of Dorman Products in a research report on Thursday, September 18th. They issued an “outperform” rating and a $180.00 price target on the stock. Roth Capital boosted their price target on shares of Dorman Products to $182.00 and gave the company a “buy” rating in a research report on Tuesday, August 26th. Zacks Research raised Dorman Products from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 13th. Stephens began coverage on Dorman Products in a report on Tuesday, September 30th. They issued an “overweight” rating and a $185.00 target price on the stock. Finally, Weiss Ratings raised Dorman Products from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. According to MarketBeat, Dorman Products presently has an average rating of “Buy” and a consensus target price of $175.00.

Insider Buying and Selling at Dorman Products

In related news, CAO Gregory C. Bowen sold 1,453 shares of the stock in a transaction that occurred 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 directly owned 4,659 shares in the company, valued at $758,531.79. This trade represents a 23.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 8.90% of the stock is owned by corporate insiders.

Dorman Products 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.