Wellington Management Group LLP Has $47.49 Million Stock Position in Dorman Products, Inc. $DORM

Wellington Management Group LLP reduced its position in shares of Dorman Products, Inc. (NASDAQ:DORM) by 24.6% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 348,055 shares of the auto parts company’s stock after selling 113,505 shares during the quarter. Wellington Management Group LLP’s holdings in Dorman Products were worth $47,492,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Public Employees Retirement System of Ohio acquired a new position in shares of Dorman Products in the 2nd quarter valued at $47,000. Corient Private Wealth LP acquired a new position in Dorman Products during the 2nd quarter worth approximately $4,651,000. Bank of America Corp DE acquired a new position in Dorman Products during the second quarter worth $57,222,000. American Capital Management Inc. acquired a new stake in Dorman Products in the 2nd quarter valued at $38,785,000. Finally, Jupiter Topco LLC bought a new stake in Dorman Products during the 2nd quarter worth about $1,605,000. 84.70% of the stock is owned by institutional investors.

Analysts Set New Price Targets

DORM has been the subject of several analyst reports. Weiss Ratings upgraded Dorman Products from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 10th. Wells Fargo & Company upped their price objective on Dorman Products from $155.00 to $160.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. Freedom Capital downgraded Dorman Products from a “strong-buy” rating to a “hold” rating in a report on Monday, August 10th. Zacks Research raised shares of Dorman Products from a “strong sell” rating to a “hold” rating in a research note on Friday, May 15th. Finally, Roth Capital reissued a “buy” rating on shares of Dorman Products in a research report on Wednesday, August 5th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Dorman Products has an average rating of “Moderate Buy” and an average price target of $156.00.

Dorman Products Trading Up 0.9%

Shares of Dorman Products stock opened at $129.66 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.60 and a quick ratio of 1.73. The business has a fifty day simple moving average of $135.23 and a two-hundred day simple moving average of $122.63. Dorman Products, Inc. has a 1 year low of $98.44 and a 1 year high of $166.89. The company has a market capitalization of $3.85 billion, a price-to-earnings ratio of 17.96 and a beta of 0.99.

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

Insiders Place Their Bets

In other Dorman Products news, CAO Gregory Bowen sold 3,531 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $145.01, for a total transaction of $512,030.31. Following the completion of the sale, the chief accounting officer directly owned 5,340 shares in the company, valued at $774,353.40. This trade represents a 39.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 7.70% of the stock is currently owned by corporate insiders.

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.