Royal Bank of Canada Sells 43,945 Shares of Dorman Products, Inc. $DORM

Royal Bank of Canada reduced its position in Dorman Products, Inc. (NASDAQ:DORM) by 18.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 191,981 shares of the auto parts company’s stock after selling 43,945 shares during the period. Royal Bank of Canada’s holdings in Dorman Products were worth $20,036,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. American Capital Management Inc. increased its holdings in shares of Dorman Products by 196.1% in the 1st quarter. American Capital Management Inc. now owns 60,435 shares of the auto parts company’s stock worth $6,307,000 after purchasing an additional 40,028 shares in the last quarter. Quantinno Capital Management LP boosted its position in shares of Dorman Products by 254.3% during the first quarter. Quantinno Capital Management LP now owns 28,184 shares of the auto parts company’s stock valued at $2,941,000 after buying an additional 20,229 shares during the last quarter. Entropy Technologies LP boosted its position in shares of Dorman Products by 64.8% during the first quarter. Entropy Technologies LP now owns 3,305 shares of the auto parts company’s stock valued at $345,000 after buying an additional 1,300 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in Dorman Products by 24.4% in the 1st quarter. Public Employees Retirement System of Ohio now owns 53,165 shares of the auto parts company’s stock worth $5,548,000 after buying an additional 10,437 shares in the last quarter. Finally, Aristides Capital LLC raised its position in Dorman Products by 13.5% in the 1st quarter. Aristides Capital LLC now owns 2,490 shares of the auto parts company’s stock worth $260,000 after buying an additional 296 shares during the last quarter. 84.70% of the stock is owned by institutional investors.

Dorman Products Stock Down 4.2%

DORM opened at $141.54 on Thursday. The firm’s 50 day simple moving average is $132.96 and its two-hundred day simple moving average is $121.88. The company has a market capitalization of $4.23 billion, a PE ratio of 19.60 and a beta of 0.98. Dorman Products, Inc. has a 1-year low of $98.44 and a 1-year high of $166.89. The company has a current ratio of 3.60, a quick ratio of 1.28 and a debt-to-equity ratio of 0.29.

Dorman Products (NASDAQ:DORM) last released its quarterly earnings results on Monday, August 3rd. The auto parts company reported $3.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $1.19. Dorman Products had a return on equity of 19.37% and a net margin of 10.18%.The business had revenue of $544.60 million during the quarter, compared to analyst estimates of $582.24 million. During the same quarter in the previous year, the company posted $2.06 earnings per share. Dorman Products’s revenue for the quarter was up .7% on a year-over-year basis. Dorman Products has set its FY 2026 guidance at 8.500-8.800 EPS. As a group, equities analysts forecast that Dorman Products, Inc. will post 8.3 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on DORM. Wells Fargo & Company upped their target price on shares of Dorman Products from $155.00 to $160.00 and gave the company an “overweight” rating in a research note on Wednesday. Zacks Research upgraded shares of Dorman Products from a “strong sell” rating to a “hold” rating in a research report on Friday, May 15th. Weiss Ratings raised shares of Dorman Products from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 10th. Barrington Research reaffirmed an “outperform” rating and issued a $150.00 price objective on shares of Dorman Products in a report on Monday, May 4th. Finally, Roth Capital reiterated a “buy” rating on shares of Dorman Products in a research report on Wednesday. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $160.33.

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.