Oliver Luxxe Assets LLC Buys Shares of 15,300 Dorman Products, Inc. $DORM

Oliver Luxxe Assets LLC acquired a new stake in shares of Dorman Products, Inc. (NASDAQ:DORM) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 15,300 shares of the auto parts company’s stock, valued at approximately $1,885,000.

A number of other institutional investors have also made changes to their positions in DORM. Vanguard Group Inc. boosted its position in Dorman Products by 0.3% during the third quarter. Vanguard Group Inc. now owns 3,061,577 shares of the auto parts company’s stock worth $477,239,000 after purchasing an additional 9,811 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Dorman Products by 0.3% in the third 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 during the period. Invesco Ltd. raised its position in shares of Dorman Products by 6.7% in the second quarter. Invesco Ltd. now owns 812,031 shares of the auto parts company’s stock valued at $99,612,000 after purchasing an additional 51,257 shares during the period. Geode Capital Management LLC lifted its stake in shares of Dorman Products by 3.9% in the second quarter. Geode Capital Management LLC now owns 677,100 shares of the auto parts company’s stock worth $83,070,000 after buying an additional 25,286 shares during the last quarter. Finally, Royce & Associates LP lifted its stake in shares of Dorman Products by 0.8% in the third quarter. Royce & Associates LP now owns 497,421 shares of the auto parts company’s stock worth $77,538,000 after buying an additional 4,092 shares during the last quarter. 84.70% of the stock is owned by institutional investors.

Insider Activity at Dorman Products

In other news, SVP Donna M. Long sold 947 shares of the company’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $103.07, for a total transaction of $97,607.29. Following the completion of the transaction, the senior vice president owned 20,073 shares of the company’s stock, valued at approximately $2,068,924.11. This represents a 4.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 8.90% of the company’s stock.

Dorman Products Trading Down 0.4%

Shares of DORM stock opened at $101.98 on Friday. The firm has a market capitalization of $3.08 billion, a P/E ratio of 15.36 and a beta of 0.92. Dorman Products, Inc. has a 1 year low of $98.44 and a 1 year high of $166.89. The firm’s fifty day simple moving average is $120.63 and its 200 day simple moving average is $132.74. The company has a current ratio of 3.09, a quick ratio of 1.14 and a debt-to-equity ratio of 0.27.

Dorman Products (NASDAQ:DORM) last issued its quarterly earnings results on Wednesday, February 25th. The auto parts company reported $2.17 earnings per share for the quarter, beating analysts’ consensus estimates of $2.15 by $0.02. The firm had revenue of $537.93 million during the quarter, compared to the consensus estimate of $573.38 million. Dorman Products had a net margin of 9.59% and a return on equity of 19.15%. The business’s revenue was up .8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.20 EPS. Dorman Products has set its FY 2026 guidance at 8.100-8.50 EPS. As a group, sell-side analysts predict that Dorman Products, Inc. will post 6.9 EPS for the current year.

Analyst Ratings Changes

DORM has been the topic of a number of research analyst reports. Zacks Research lowered shares of Dorman Products from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 3rd. Jefferies Financial Group raised shares of Dorman Products from a “hold” rating to a “buy” rating and cut their target price for the stock from $159.00 to $140.00 in a research report on Monday, March 2nd. Wall Street Zen cut shares of Dorman Products from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Wells Fargo & Company lowered their price target on Dorman Products from $150.00 to $140.00 and set an “overweight” rating on the stock in a research report on Friday, February 27th. Finally, Stephens reiterated an “overweight” rating and issued a $150.00 price objective on shares of Dorman Products in a research note on Wednesday. Six research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target 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.