Reinhart Partners LLC. Acquires New Position in Dorman Products, Inc. $DORM

Reinhart Partners LLC. acquired a new position in shares of Dorman Products, Inc. (NASDAQ:DORMFree Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 684,382 shares of the auto parts company’s stock, valued at approximately $93,386,000. Dorman Products comprises 2.1% of Reinhart Partners LLC.’s investment portfolio, making the stock its 24th largest holding. Reinhart Partners LLC. owned 2.29% of Dorman Products at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its position in shares of Dorman Products by 4.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,099,352 shares of the auto parts company’s stock valued at $114,725,000 after buying an additional 51,653 shares during the period. State Street Corp grew its position in Dorman Products by 0.7% in the fourth quarter. State Street Corp now owns 1,061,708 shares of the auto parts company’s stock worth $130,792,000 after acquiring an additional 7,846 shares during the period. Jennison Associates LLC increased its stake in Dorman Products by 1.5% during the first quarter. Jennison Associates LLC now owns 826,285 shares of the auto parts company’s stock worth $86,231,000 after acquiring an additional 12,504 shares during the last quarter. Geode Capital Management LLC increased its stake in Dorman Products by 3.8% during the fourth quarter. Geode Capital Management LLC now owns 713,255 shares of the auto parts company’s stock worth $87,880,000 after acquiring an additional 26,229 shares during the last quarter. Finally, Wellington Management Group LLP increased its stake in Dorman Products by 8.8% during the fourth quarter. Wellington Management Group LLP now owns 507,662 shares of the auto parts company’s stock worth $62,539,000 after acquiring an additional 40,928 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, CAO Gregory C. Bowen sold 3,531 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $145.01, for a total transaction of $512,030.31. Following the sale, the chief accounting officer directly owned 5,340 shares of the company’s stock, valued at $774,353.40. This represents a 39.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 7.70% of the company’s stock.

Dorman Products Price Performance

DORM opened at $140.91 on Friday. The stock’s 50-day moving average price is $133.55 and its 200 day moving average price is $122.10. 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 3.60, a quick ratio of 1.28 and a debt-to-equity ratio of 0.29. The firm has a market cap of $4.18 billion, a price-to-earnings ratio of 19.52 and a beta of 0.98.

Dorman Products (NASDAQ:DORMGet Free Report) last released its earnings results on Monday, August 3rd. The auto parts company reported $3.08 earnings per share for the quarter, beating the consensus estimate of $1.89 by $1.19. The company had revenue of $544.60 million during the quarter, compared to the consensus estimate of $582.24 million. Dorman Products had a return on equity of 19.37% and a net margin of 10.18%.Dorman Products’s revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.06 EPS. Dorman Products has set its FY 2026 guidance at 8.500-8.800 EPS. As a group, sell-side analysts expect that Dorman Products, Inc. will post 8.65 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on DORM shares. Weiss Ratings raised Dorman Products from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 10th. Wells Fargo & Company raised their price objective on Dorman Products from $155.00 to $160.00 and gave the stock an “overweight” rating in a research report on Wednesday. Zacks Research upgraded shares of Dorman Products from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Barrington Research reaffirmed an “outperform” rating and issued a $150.00 target price on shares of Dorman Products in a research report on Monday, May 4th. Finally, Roth Capital reaffirmed a “buy” rating on shares of Dorman Products in a research note on Wednesday. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Dorman Products has an average rating of “Moderate Buy” and an average price target of $160.33.

Check Out Our Latest Stock Analysis on Dorman Products

About Dorman Products

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Dorman Products (NASDAQ:DORM)

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