Fiera Capital Corp raised its holdings in shares of Dorman Products, Inc. (NASDAQ:DORM – Free Report) by 32.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 431,348 shares of the auto parts company’s stock after buying an additional 105,388 shares during the period. Fiera Capital Corp’s holdings in Dorman Products were worth $53,138,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Dorman Products by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 3,061,577 shares of the auto parts company’s stock valued at $477,239,000 after purchasing an additional 9,811 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Dorman Products by 0.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,025,831 shares of the auto parts company’s stock valued at $159,894,000 after purchasing an additional 3,064 shares in the last quarter. Jennison Associates LLC grew its stake in Dorman Products by 22.1% during the 4th quarter. Jennison Associates LLC now owns 813,781 shares of the auto parts company’s stock valued at $100,250,000 after purchasing an additional 147,233 shares in the last quarter. Geode Capital Management LLC grew its stake in Dorman Products by 3.8% during the 4th quarter. Geode Capital Management LLC now owns 713,255 shares of the auto parts company’s stock valued at $87,880,000 after purchasing an additional 26,229 shares in the last quarter. Finally, Royce & Associates LP grew its stake in Dorman Products by 0.3% during the 4th quarter. Royce & Associates LP now owns 498,959 shares of the auto parts company’s stock valued at $61,467,000 after purchasing an additional 1,538 shares in the last quarter. Institutional investors and hedge funds own 84.70% of the company’s stock.
Analyst Ratings Changes
A number of research firms have commented on DORM. Wall Street Zen downgraded Dorman Products from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Stephens reaffirmed an “overweight” rating and set a $150.00 target price on shares of Dorman Products in a report on Wednesday, March 18th. Jefferies Financial Group raised Dorman Products from a “hold” rating to a “buy” rating and reduced their target price for the stock from $159.00 to $140.00 in a report on Monday, March 2nd. Wells Fargo & Company reduced their target price on Dorman Products from $150.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday, February 27th. 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 company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $157.00.
Insider Activity
In related news, SVP Donna M. Long sold 947 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $103.07, for a total value of $97,607.29. Following the sale, the senior vice president owned 20,073 shares of the company’s stock, valued at approximately $2,068,924.11. This trade represents a 4.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 7.70% of the company’s stock.
Dorman Products Trading Up 1.0%
Shares of NASDAQ DORM opened at $128.31 on Tuesday. The company has a market cap of $3.83 billion, a price-to-earnings ratio of 20.70 and a beta of 0.99. 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 3.29, a quick ratio of 1.28 and a debt-to-equity ratio of 0.27. The stock’s 50 day simple moving average is $114.37 and its 200 day simple moving average is $119.83.
Dorman Products (NASDAQ:DORM – Get Free Report) last announced its quarterly earnings results on Monday, May 4th. The auto parts company reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.05. The business had revenue of $528.77 million for the quarter, compared to the consensus estimate of $524.80 million. Dorman Products had a return on equity of 17.73% and a net margin of 8.84%.The business’s revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the business posted $2.02 EPS. Dorman Products has set its FY 2026 guidance at 8.100-8.500 EPS. Equities research analysts expect 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.
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