Dorman Products, Inc. $DORM Shares Purchased by Equitable Trust Co.

Equitable Trust Co. increased its holdings in shares of Dorman Products, Inc. (NASDAQ:DORM) by 60.1% during the second quarter, HoldingsChannel.com reports. The fund owned 7,390 shares of the auto parts company’s stock after buying an additional 2,773 shares during the period. Equitable Trust Co.’s holdings in Dorman Products were worth $907,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its position in Dorman Products by 2.3% during the first quarter. Principal Financial Group Inc. now owns 141,288 shares of the auto parts company’s stock worth $17,031,000 after acquiring an additional 3,206 shares during the last quarter. Flagship Harbor Advisors LLC boosted its holdings in Dorman Products by 12.5% in the 1st quarter. Flagship Harbor Advisors LLC now owns 2,493 shares of the auto parts company’s stock valued at $301,000 after purchasing an additional 277 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Dorman Products by 40.8% in the 1st 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 during the last quarter. New York State Teachers Retirement System boosted its holdings in 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 during the last quarter. Finally, Blue Trust Inc. boosted its holdings in Dorman Products by 42.5% in the 1st quarter. Blue Trust Inc. now owns 503 shares of the auto parts company’s stock valued at $61,000 after purchasing an additional 150 shares during the last quarter. 84.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Dorman Products

In related news, SVP Donna M. Long sold 820 shares of the company’s stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $122.21, for a total transaction of $100,212.20. Following the sale, the senior vice president directly owned 19,074 shares of the company’s stock, valued at $2,331,033.54. This represents a 4.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Gregory C. Bowen sold 1,453 shares of the company’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $162.81, for a total transaction of $236,562.93. Following the sale, the chief accounting officer directly owned 4,659 shares in the company, valued at approximately $758,531.79. The trade was a 23.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.90% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on DORM shares. Wall Street Zen lowered shares of Dorman Products from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 9th. BMO Capital Markets started coverage on shares of Dorman Products in a report on Thursday, September 18th. They issued an “outperform” rating and a $180.00 target price on the stock. Zacks Research upgraded shares of Dorman Products from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 13th. Stephens assumed coverage on shares of Dorman Products in a report on Tuesday, September 30th. They issued an “overweight” rating and a $185.00 target price on the stock. Finally, Wells Fargo & Company assumed coverage on shares of Dorman Products in a report on Friday, August 22nd. They issued an “overweight” rating and a $175.00 price objective on the stock. Two analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the company’s stock. Based on data from MarketBeat, Dorman Products currently has an average rating of “Buy” and an average target price of $175.00.

Dorman Products Stock Performance

Shares of DORM stock opened at $140.06 on Wednesday. The firm’s 50 day moving average price is $154.47 and its 200-day moving average price is $133.23. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.21 and a current ratio of 2.74. Dorman Products, Inc. has a one year low of $106.95 and a one year high of $166.89. The firm has a market cap of $4.28 billion, a P/E ratio of 19.06 and a beta of 0.84.

Dorman Products (NASDAQ:DORM) last issued its quarterly earnings data on Monday, August 4th. The auto parts company reported $2.06 EPS for the quarter, topping the consensus estimate of $1.76 by $0.30. Dorman Products had a net margin of 10.83% and a return on equity of 19.23%. The firm had revenue of $540.96 million for the quarter, compared to analyst estimates of $517.13 million. During the same period in the prior year, the business posted $1.67 EPS. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. Dorman Products has set its FY 2025 guidance at 8.600-8.900 EPS. As a group, equities research analysts predict that Dorman Products, Inc. will post 6.9 EPS for the current year.

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.