Quantinno Capital Management LP Acquires 20,229 Shares of Dorman Products, Inc. $DORM

Quantinno Capital Management LP lifted its holdings in Dorman Products, Inc. (NASDAQ:DORM) by 254.3% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 28,184 shares of the auto parts company’s stock after acquiring an additional 20,229 shares during the period. Quantinno Capital Management LP’s holdings in Dorman Products were worth $2,941,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Westfield Capital Management Co. LP acquired a new stake in Dorman Products in the 4th quarter worth about $56,940,000. Victory Capital Management Inc. grew its position in shares of Dorman Products by 4,111.8% during the 4th quarter. Victory Capital Management Inc. now owns 366,087 shares of the auto parts company’s stock worth $45,098,000 after purchasing an additional 357,395 shares in the last quarter. Norges Bank bought a new position in shares of Dorman Products during the fourth quarter worth approximately $41,488,000. Jennison Associates LLC increased its holdings in shares of Dorman Products by 22.1% during the fourth quarter. Jennison Associates LLC now owns 813,781 shares of the auto parts company’s stock worth $100,250,000 after purchasing an additional 147,233 shares during the period. Finally, KTF Investments LLC acquired a new stake in shares of Dorman Products in the fourth quarter valued at approximately $13,681,000. Institutional investors and hedge funds own 84.70% of the company’s stock.

Dorman Products Stock Performance

Shares of Dorman Products stock opened at $140.91 on Friday. The company has a 50 day moving average of $133.55 and a 200-day moving average of $122.10. Dorman Products, Inc. has a 1-year low of $98.44 and a 1-year 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 company has a market cap of $4.18 billion, a PE ratio of 19.52 and a beta of 0.98.

Dorman Products (NASDAQ:DORM) last announced its quarterly earnings data on Monday, August 3rd. The auto parts company reported $3.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $1.19. Dorman Products had a net margin of 10.18% and a return on equity of 19.37%. The business had revenue of $544.60 million for the quarter, compared to analysts’ expectations of $582.24 million. During the same period last year, the firm posted $2.06 earnings per share. The firm’s quarterly revenue was up .7% compared to the same quarter last year. Dorman Products has set its FY 2026 guidance at 8.500-8.800 EPS. As a group, equities research analysts forecast that Dorman Products, Inc. will post 8.65 earnings per share for the current fiscal year.

Insider Buying and Selling at Dorman Products

In other Dorman Products news, CAO Gregory C. Bowen sold 3,531 shares of the firm’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $145.01, for a total value of $512,030.31. Following the sale, the chief accounting officer owned 5,340 shares of the company’s stock, valued at approximately $774,353.40. This trade represents a 39.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 7.70% of the company’s stock.

Analysts Set New Price Targets

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

Dorman Products Company 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.