JPMorgan Chase & Co. Sells 18,068 Shares of Dorman Products, Inc. $DORM

JPMorgan Chase & Co. trimmed its position in shares of Dorman Products, Inc. (NASDAQ:DORM) by 12.5% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 126,816 shares of the auto parts company’s stock after selling 18,068 shares during the quarter. JPMorgan Chase & Co.’s holdings in Dorman Products were worth $19,768,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Private Trust Co. NA grew its position in Dorman Products by 101.2% during the third quarter. Private Trust Co. NA now owns 165 shares of the auto parts company’s stock valued at $26,000 after acquiring an additional 83 shares during the last quarter. Salem Investment Counselors Inc. bought a new stake in shares of Dorman Products in the 3rd quarter worth approximately $27,000. Salomon & Ludwin LLC purchased a new stake in Dorman Products during the third quarter valued at about $29,000. EverSource Wealth Advisors LLC boosted its holdings in Dorman Products by 594.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 236 shares of the auto parts company’s stock valued at $29,000 after acquiring an additional 202 shares during the period. Finally, Richardson Financial Services Inc. grew its holdings in shares of Dorman Products by 134.6% in the third quarter. Richardson Financial Services Inc. now owns 244 shares of the auto parts company’s stock worth $38,000 after purchasing an additional 140 shares during the last quarter. Institutional investors own 84.70% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on DORM. Wall Street Zen cut Dorman Products from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Barrington Research reaffirmed an “outperform” rating and set a $150.00 price target on shares of Dorman Products in a research report on Thursday, March 5th. Jefferies Financial Group upgraded Dorman Products from a “hold” rating to a “buy” rating and dropped their price objective for the stock from $159.00 to $140.00 in a report on Monday, March 2nd. Stephens reiterated an “overweight” rating and issued a $150.00 price objective on shares of Dorman Products in a research report on Wednesday, March 18th. Finally, Weiss Ratings cut Dorman Products from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, January 30th. Six analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Dorman Products currently has an average rating of “Moderate Buy” and an average price target of $157.00.

Insider Activity

In other news, SVP Donna M. Long sold 947 shares of the stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $103.07, for a total value 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 position. The sale was disclosed in a legal 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 Up 1.3%

Shares of DORM opened at $105.19 on Wednesday. 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 3.09, a quick ratio of 1.14 and a debt-to-equity ratio of 0.27. The firm’s 50-day moving average price is $119.76 and its 200-day moving average price is $131.74. The firm has a market capitalization of $3.17 billion, a price-to-earnings ratio of 15.84 and a beta of 0.92.

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

About Dorman Products

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.