8,505 Shares in Dorman Products, Inc. $DORM Purchased by Integrated Quantitative Investments LLC

Integrated Quantitative Investments LLC bought a new position in Dorman Products, Inc. (NASDAQ:DORM) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 8,505 shares of the auto parts company’s stock, valued at approximately $1,043,000.

A number of other institutional investors have also recently made changes to their positions in DORM. Caitong International Asset Management Co. Ltd grew its stake in shares of Dorman Products by 961.3% in the second quarter. Caitong International Asset Management Co. Ltd now owns 329 shares of the auto parts company’s stock worth $40,000 after acquiring an additional 298 shares during the period. Acadian Asset Management LLC purchased a new stake in Dorman Products in the first quarter worth approximately $71,000. Vestcor Inc bought a new stake in Dorman Products in the 1st quarter worth approximately $92,000. Advisors Asset Management Inc. raised its stake in Dorman Products by 38.8% during the 1st quarter. Advisors Asset Management Inc. now owns 912 shares of the auto parts company’s stock valued at $110,000 after buying an additional 255 shares during the last quarter. Finally, IFP Advisors Inc lifted its holdings in shares of Dorman Products by 52.8% during the 1st quarter. IFP Advisors Inc now owns 1,129 shares of the auto parts company’s stock valued at $136,000 after buying an additional 390 shares during the period. Hedge funds and other institutional investors own 84.70% of the company’s stock.

Dorman Products Price Performance

NASDAQ DORM opened at $131.75 on Friday. The company has a current ratio of 2.94, a quick ratio of 1.21 and a debt-to-equity ratio of 0.28. Dorman Products, Inc. has a 12 month low of $106.95 and a 12 month high of $166.89. The stock has a market cap of $4.03 billion, a price-to-earnings ratio of 16.41 and a beta of 0.84. The company’s 50 day moving average is $147.30 and its two-hundred day moving average is $137.44.

Dorman Products (NASDAQ:DORM) last announced its quarterly earnings data on Monday, October 27th. The auto parts company reported $2.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.31 by $0.31. The firm had revenue of $543.74 million during the quarter, compared to analysts’ expectations of $548.60 million. Dorman Products had a net margin of 11.62% and a return on equity of 19.85%. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.96 earnings per share. Dorman Products has set its FY 2025 guidance at 8.600-8.900 EPS. As a group, research analysts anticipate that Dorman Products, Inc. will post 6.9 earnings per share for the current year.

Insider Buying and Selling

In other news, CAO Gregory C. Bowen sold 1,453 shares of the business’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $162.81, for a total value of $236,562.93. Following the transaction, the chief accounting officer directly owned 4,659 shares in the company, valued at $758,531.79. The trade was a 23.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 8.90% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently commented on DORM. Wells Fargo & Company assumed coverage on Dorman Products in a report on Friday, August 22nd. They issued an “overweight” rating and a $175.00 price objective for the company. Roth Capital raised 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 reaffirmed a “buy (b)” rating on shares of Dorman Products in a research report on Thursday. Stephens assumed coverage on shares of Dorman Products in a research note on Tuesday, September 30th. They issued an “overweight” rating and a $185.00 price objective on the stock. Finally, Zacks Research lowered shares of Dorman Products from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 27th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $180.50.

Dorman Products 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.