WCM Investment Management LLC Trims Stock Holdings in Dorman Products, Inc. $DORM

WCM Investment Management LLC reduced its stake in Dorman Products, Inc. (NASDAQ:DORM) by 1.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 199,900 shares of the auto parts company’s stock after selling 2,332 shares during the quarter. WCM Investment Management LLC owned about 0.66% of Dorman Products worth $24,852,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in DORM. Wellington Management Group LLP lifted its position in shares of Dorman Products by 192.9% in the first quarter. Wellington Management Group LLP now owns 511,791 shares of the auto parts company’s stock valued at $61,691,000 after acquiring an additional 337,074 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Dorman Products in the first quarter valued at $25,976,000. Jennison Associates LLC lifted its position in shares of Dorman Products by 32.1% in the first quarter. Jennison Associates LLC now owns 598,642 shares of the auto parts company’s stock valued at $72,160,000 after acquiring an additional 145,391 shares in the last quarter. Invesco Ltd. lifted its position in shares of Dorman Products by 22.1% in the first quarter. Invesco Ltd. now owns 760,774 shares of the auto parts company’s stock valued at $91,704,000 after acquiring an additional 137,913 shares in the last quarter. Finally, Fiera Capital Corp lifted its position in shares of Dorman Products by 52.1% in the first quarter. Fiera Capital Corp now owns 337,288 shares of the auto parts company’s stock valued at $40,657,000 after acquiring an additional 115,498 shares in the last quarter. 84.70% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on DORM shares. Wells Fargo & Company started coverage on Dorman Products in a research report on Friday, August 22nd. They issued an “overweight” rating and a $175.00 price objective on the stock. Roth Capital increased their target price on Dorman Products to $182.00 and gave the stock a “buy” rating in a research report on Tuesday, August 26th. Weiss Ratings upgraded Dorman Products from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 8th. Wall Street Zen downgraded Dorman Products from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 9th. Finally, Stephens started coverage on Dorman Products in a research report on Tuesday, September 30th. They set an “overweight” rating and a $185.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $175.00.

Dorman Products Stock Up 0.8%

DORM opened at $141.22 on Thursday. Dorman Products, Inc. has a 1 year low of $106.95 and a 1 year high of $166.89. The firm has a 50 day moving average price of $154.47 and a 200 day moving average price of $133.28. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.21 and a current ratio of 2.74. The company has a market cap of $4.31 billion, a PE ratio of 19.21 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 earnings per share for the quarter, beating analysts’ consensus estimates of $1.76 by $0.30. Dorman Products had a return on equity of 19.23% and a net margin of 10.83%.The firm had revenue of $540.96 million during the quarter, compared to analyst estimates of $517.13 million. During the same quarter last year, the firm earned $1.67 EPS. Dorman Products’s quarterly revenue was up 7.6% on a year-over-year basis. Dorman Products has set its FY 2025 guidance at 8.600-8.900 EPS. Sell-side analysts expect that Dorman Products, Inc. will post 6.9 earnings per share for the current year.

Insider Buying and Selling

In other Dorman Products news, SVP Donna M. Long sold 820 shares of the firm’s stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $122.21, for a total transaction of $100,212.20. Following the completion of the sale, the senior vice president owned 19,074 shares in the company, valued at $2,331,033.54. This trade represents a 4.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Gregory C. Bowen sold 1,453 shares of the firm’s 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 owned 4,659 shares of the company’s stock, valued at approximately $758,531.79. This trade represents a 23.77% decrease in their position. The disclosure for this sale can be found here. 8.90% of the stock is owned by company insiders.

Dorman Products Company 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.