Tudor Investment Corp ET AL Cuts Stock Holdings in Dorman Products, Inc. $DORM

Tudor Investment Corp ET AL lessened its stake in Dorman Products, Inc. (NASDAQ:DORM) by 93.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,492 shares of the auto parts company’s stock after selling 20,906 shares during the quarter. Tudor Investment Corp ET AL’s holdings in Dorman Products were worth $233,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Envestnet Asset Management Inc. raised its stake in shares of Dorman Products by 15.6% during the third quarter. Envestnet Asset Management Inc. now owns 190,530 shares of the auto parts company’s stock worth $29,700,000 after purchasing an additional 25,710 shares during the last quarter. First National Bank of Omaha purchased a new stake in shares of Dorman Products during the 3rd quarter valued at $5,099,000. Capital Fund Management S.A. purchased a new stake in Dorman Products during the second quarter valued at about $1,423,000. Tributary Capital Management LLC increased its position in Dorman Products by 90.5% during the 3rd quarter. Tributary Capital Management LLC now owns 234,388 shares of the auto parts company’s stock worth $36,536,000 after purchasing an additional 111,380 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Dorman Products by 0.3% in the third quarter. Vanguard Group Inc. now owns 3,061,577 shares of the auto parts company’s stock worth $477,239,000 after acquiring an additional 9,811 shares in the last quarter. 84.70% of the stock is owned by hedge funds and other institutional investors.

Dorman Products Stock Performance

Dorman Products stock opened at $100.90 on Friday. Dorman Products, Inc. has a 52 week low of $98.44 and a 52 week 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 stock has a market cap of $3.05 billion, a P/E ratio of 15.20 and a beta of 0.96. The stock has a 50 day moving average of $116.68 and a 200-day moving average of $129.33.

Dorman Products (NASDAQ:DORM) last issued 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. The business had revenue of $537.93 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.20 earnings per share. Dorman Products has set its FY 2026 guidance at 8.100-8.50 EPS. On average, analysts expect that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on DORM shares. Jefferies Financial Group upgraded shares of Dorman Products from a “hold” rating to a “buy” rating and dropped their price objective for the company from $159.00 to $140.00 in a research note on Monday, March 2nd. Wall Street Zen downgraded shares of Dorman Products from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Weiss Ratings lowered shares of Dorman Products from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, January 30th. Wells Fargo & Company cut their price objective on shares of Dorman Products from $150.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday, February 27th. Finally, Stephens reissued an “overweight” rating and issued a $150.00 price objective on shares of Dorman Products in a research report on Wednesday, March 18th. Six equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $157.00.

Insider Activity at Dorman Products

In other news, SVP Donna M. Long sold 947 shares of the business’s 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 sale, the senior vice president directly owned 20,073 shares in the company, valued at approximately $2,068,924.11. The trade was a 4.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 8.90% of the company’s stock.

Dorman Products Company 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.