Dorman Products, Inc. $DORM Shares Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio boosted its stake in shares of Dorman Products, Inc. (NASDAQ:DORM) by 24.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,165 shares of the auto parts company’s stock after buying an additional 10,437 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Dorman Products were worth $5,548,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Congruence Capital LLC purchased a new position in shares of Dorman Products during the fourth quarter worth $1,998,000. First Eagle Investment Management LLC acquired a new stake in shares of Dorman Products in the fourth quarter valued at $9,035,000. KTF Investments LLC purchased a new stake in shares of Dorman Products in the 4th quarter valued at $13,681,000. UBS Group AG raised its holdings in shares of Dorman Products by 90.1% in the 4th quarter. UBS Group AG now owns 95,609 shares of the auto parts company’s stock valued at $11,778,000 after buying an additional 45,314 shares during the period. Finally, Norges Bank acquired a new position in Dorman Products during the 4th quarter worth about $41,488,000. 84.70% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on DORM shares. Weiss Ratings upgraded Dorman Products from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 10th. Barrington Research reissued an “outperform” rating and issued a $150.00 price target on shares of Dorman Products in a research report on Monday, May 4th. Wells Fargo & Company boosted their price target on shares of Dorman Products from $140.00 to $155.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 21st. Finally, Zacks Research raised Dorman Products from a “strong sell” rating to a “hold” rating in a research report on Friday, May 15th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Dorman Products presently has a consensus rating of “Moderate Buy” and an average price target of $159.50.

Dorman Products Stock Performance

Shares of Dorman Products stock opened at $143.17 on Wednesday. Dorman Products, Inc. has a one year low of $98.44 and a one year high of $166.89. The company has a market cap of $4.28 billion, a PE ratio of 23.09 and a beta of 0.97. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.28 and a current ratio of 3.29. The business has a 50-day simple moving average of $130.79 and a 200-day simple moving average of $121.46.

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

Dorman Products 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.