Roubaix Capital LLC Makes New Investment in Dorman Products, Inc. $DORM

Roubaix Capital LLC acquired a new stake in shares of Dorman Products, Inc. (NASDAQ:DORM) during the first quarter, HoldingsChannel reports. The fund acquired 42,811 shares of the auto parts company’s stock, valued at approximately $4,468,000. Dorman Products makes up approximately 2.1% of Roubaix Capital LLC’s holdings, making the stock its 28th largest holding.

A number of other hedge funds also recently made changes to their positions in the stock. State Street Corp increased its holdings in Dorman Products by 0.7% in the 4th 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 in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Dorman Products by 2.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,047,699 shares of the auto parts company’s stock valued at $129,072,000 after purchasing an additional 21,868 shares in the last quarter. Jennison Associates LLC lifted its holdings 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 valued at $86,231,000 after purchasing an additional 12,504 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Dorman Products by 3.8% in the fourth quarter. Geode Capital Management LLC now owns 713,255 shares of the auto parts company’s stock worth $87,880,000 after purchasing an additional 26,229 shares during the period. Finally, Wellington Management Group LLP boosted its position in shares of Dorman Products by 8.8% in the fourth quarter. Wellington Management Group LLP now owns 507,662 shares of the auto parts company’s stock worth $62,539,000 after purchasing an additional 40,928 shares during the period. 84.70% of the stock is currently owned by institutional investors.

Dorman Products Stock Down 1.5%

NASDAQ DORM opened at $141.97 on Friday. The stock’s 50 day moving average is $128.09 and its 200 day moving average is $120.89. The company has a current ratio of 3.29, a quick ratio of 1.28 and a debt-to-equity ratio of 0.27. Dorman Products, Inc. has a 12 month low of $98.44 and a 12 month high of $166.89. The stock has a market cap of $4.24 billion, a PE ratio of 22.90 and a beta of 0.97.

Dorman Products (NASDAQ:DORM) last posted its quarterly earnings results on Monday, May 4th. The auto parts company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.05. Dorman Products had a return on equity of 17.73% and a net margin of 8.84%.The business had revenue of $528.77 million during the quarter, compared to the consensus estimate of $524.80 million. During the same period in the prior year, the company posted $2.02 EPS. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. Dorman Products has set its FY 2026 guidance at 8.100-8.500 EPS. Research analysts predict that Dorman Products, Inc. will post 8.22 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Barrington Research reissued an “outperform” rating and issued a $150.00 price objective on shares of Dorman Products in a research note on Monday, May 4th. Zacks Research raised shares of Dorman Products from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Finally, Weiss Ratings raised shares of Dorman Products from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 10th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Dorman Products currently has a consensus rating of “Moderate Buy” and an average target price of $157.00.

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.