Wellington Management Group LLP Sells 113,505 Shares of Dorman Products, Inc. $DORM

Wellington Management Group LLP cut its stake in Dorman Products, Inc. (NASDAQ:DORM) by 24.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 348,055 shares of the auto parts company’s stock after selling 113,505 shares during the period. Wellington Management Group LLP owned approximately 1.17% of Dorman Products worth $47,492,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Congruence Capital LLC bought a new stake in shares of Dorman Products in the 4th quarter worth approximately $1,998,000. First Eagle Investment Management LLC bought a new stake in shares of Dorman Products during the fourth quarter valued at approximately $9,035,000. Norges Bank acquired a new position in shares of Dorman Products in the fourth quarter valued at $41,488,000. UBS Group AG lifted its position in Dorman Products by 90.1% in the fourth quarter. UBS Group AG now owns 95,609 shares of the auto parts company’s stock worth $11,778,000 after purchasing an additional 45,314 shares during the period. Finally, Westfield Capital Management Co. LP acquired a new stake in Dorman Products during the fourth quarter worth $56,940,000. 84.70% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Dorman Products news, CAO Gregory Bowen sold 3,531 shares of the business’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $145.01, for a total value of $512,030.31. Following the completion of the transaction, the chief accounting officer directly owned 5,340 shares of the company’s stock, valued at approximately $774,353.40. The trade was a 39.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 7.70% of the company’s stock.

Dorman Products Trading Up 0.9%

DORM stock opened at $129.66 on Friday. The business has a fifty day moving average price of $135.23 and a 200 day moving average price of $122.63. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.60 and a quick ratio of 1.73. Dorman Products, Inc. has a fifty-two week low of $98.44 and a fifty-two week high of $166.89. The stock 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 posted its quarterly earnings data on Monday, August 3rd. The auto parts company reported $3.08 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $1.19. Dorman Products had a return on equity of 19.37% and a net margin of 10.18%.The company had revenue of $544.60 million for the quarter, compared to analyst estimates of $582.24 million. During the same quarter in the previous year, the firm earned $2.06 earnings per share. The business’s revenue was up .7% on a year-over-year basis. Dorman Products has set its FY 2026 guidance at 8.500-8.800 EPS. Analysts expect that Dorman Products, Inc. will post 8.65 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Weiss Ratings upgraded Dorman Products from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 10th. Zacks Research upgraded Dorman Products from a “strong sell” rating to a “hold” rating in a research report on Friday, May 15th. Roth Capital reaffirmed a “buy” rating on shares of Dorman Products in a research note on Wednesday, August 5th. Freedom Capital cut Dorman Products from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 10th. Finally, Wells Fargo & Company lifted their price objective on Dorman Products from $155.00 to $160.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $156.00.

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.