Dorman Products, Inc. $DORM Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. cut its position in Dorman Products, Inc. (NASDAQ:DORM) by 10.4% in the first quarter, HoldingsChannel reports. The institutional investor owned 218,888 shares of the auto parts company’s stock after selling 25,385 shares during the period. Bessemer Group Inc.’s holdings in Dorman Products were worth $22,843,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. State Street Corp increased its stake in Dorman Products by 0.7% during the fourth quarter. State Street Corp now owns 1,061,708 shares of the auto parts company’s stock worth $130,792,000 after purchasing an additional 7,846 shares during the period. Dimensional Fund Advisors LP increased its stake in Dorman Products by 2.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,047,699 shares of the auto parts company’s stock worth $129,072,000 after buying an additional 21,868 shares during the period. Jennison Associates LLC increased its stake in Dorman Products by 22.1% during the 4th quarter. Jennison Associates LLC now owns 813,781 shares of the auto parts company’s stock worth $100,250,000 after buying an additional 147,233 shares during the period. Geode Capital Management LLC lifted its holdings in Dorman Products by 3.8% during the 4th quarter. Geode Capital Management LLC now owns 713,255 shares of the auto parts company’s stock worth $87,880,000 after buying an additional 26,229 shares in the last quarter. Finally, Wellington Management Group LLP boosted its position in Dorman Products by 8.8% in the 4th quarter. Wellington Management Group LLP now owns 507,662 shares of the auto parts company’s stock valued at $62,539,000 after buying an additional 40,928 shares during the period. Institutional investors and hedge funds own 84.70% of the company’s stock.

Dorman Products Trading Down 1.5%

Shares of Dorman Products stock opened at $141.97 on Friday. The company has a current ratio of 3.29, a quick ratio of 1.28 and a debt-to-equity ratio of 0.27. The company has a fifty day simple moving average of $128.09 and a 200-day simple moving average of $120.89. The stock has a market cap of $4.24 billion, a price-to-earnings ratio of 22.90 and a beta of 0.97. Dorman Products, Inc. has a 12-month low of $98.44 and a 12-month high of $166.89.

Dorman Products (NASDAQ:DORM) last posted its earnings results on Monday, May 4th. The auto parts company reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.05. The business had revenue of $528.77 million for the quarter, compared to analysts’ expectations of $524.80 million. Dorman Products had a return on equity of 17.73% and a net margin of 8.84%.The business’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.02 earnings per share. Dorman Products has set its FY 2026 guidance at 8.100-8.500 EPS. On average, equities analysts forecast that Dorman Products, Inc. will post 8.22 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on DORM. Barrington Research reaffirmed an “outperform” rating and set a $150.00 price objective on shares of Dorman Products in a research report on Monday, May 4th. Zacks Research upgraded Dorman Products from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Finally, Weiss Ratings raised Dorman Products from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 10th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $157.00.

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.