Pembroke Management LTD Lowers Stock Position in Dorman Products, Inc. $DORM

Pembroke Management LTD trimmed its stake in Dorman Products, Inc. (NASDAQ:DORM) by 9.9% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 150,003 shares of the auto parts company’s stock after selling 16,548 shares during the period. Dorman Products comprises 2.3% of Pembroke Management LTD’s investment portfolio, making the stock its 18th biggest holding. Pembroke Management LTD owned approximately 0.49% of Dorman Products worth $23,382,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in DORM. Csenge Advisory Group increased its holdings in Dorman Products by 4.7% in the 3rd quarter. Csenge Advisory Group now owns 17,291 shares of the auto parts company’s stock valued at $2,695,000 after purchasing an additional 776 shares during the last quarter. Ritholtz Wealth Management lifted its stake in Dorman Products by 25.3% during the third quarter. Ritholtz Wealth Management now owns 30,808 shares of the auto parts company’s stock worth $4,802,000 after purchasing an additional 6,230 shares in the last quarter. Campbell & CO Investment Adviser LLC boosted its position in shares of Dorman Products by 62.1% during the third quarter. Campbell & CO Investment Adviser LLC now owns 18,174 shares of the auto parts company’s stock worth $2,833,000 after buying an additional 6,961 shares during the period. TD Private Client Wealth LLC grew its stake in shares of Dorman Products by 5.9% in the third quarter. TD Private Client Wealth LLC now owns 1,457 shares of the auto parts company’s stock valued at $227,000 after buying an additional 81 shares in the last quarter. Finally, Quent Capital LLC acquired a new stake in shares of Dorman Products in the third quarter valued at $38,000. 84.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on DORM. Zacks Research lowered Dorman Products from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 27th. Stephens started coverage on shares of Dorman Products in a research note on Tuesday, September 30th. They set an “overweight” rating and a $185.00 price target on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Dorman Products in a research report on Monday, December 29th. Finally, Wall Street Zen cut shares of Dorman Products from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 26th. One equities research 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $180.50.

Insider Activity at Dorman Products

In other Dorman Products news, SVP Donna M. Long sold 812 shares of the stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $123.75, for a total value of $100,485.00. Following the sale, the senior vice president directly owned 17,856 shares of the company’s stock, valued at approximately $2,209,680. This represents a 4.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider John Mcknight sold 2,000 shares of the firm’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $128.80, for a total transaction of $257,600.00. Following the completion of the sale, the insider owned 9,112 shares in the company, valued at $1,173,625.60. The trade was a 18.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 8.90% of the company’s stock.

Dorman Products Price Performance

Shares of NASDAQ DORM opened at $126.11 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.94 and a quick ratio of 1.19. The company has a market cap of $3.85 billion, a price-to-earnings ratio of 15.70 and a beta of 0.91. The stock’s 50-day moving average is $128.12 and its two-hundred day moving average is $138.07. Dorman Products, Inc. has a 1-year low of $106.95 and a 1-year high of $166.89.

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, beating the consensus estimate of $2.31 by $0.31. Dorman Products had a return on equity of 19.85% and a net margin of 11.62%.The business had revenue of $543.74 million during the quarter, compared to analysts’ expectations of $548.60 million. During the same quarter last year, the business posted $1.96 EPS. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. Dorman Products has set its FY 2025 guidance at 8.600-8.900 EPS. Analysts forecast that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

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.