Reinhart Partners LLC. Takes Position in Dorman Products, Inc. $DORM

Reinhart Partners LLC. acquired a new position in shares of Dorman Products, Inc. (NASDAQ:DORM) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 684,382 shares of the auto parts company’s stock, valued at approximately $93,386,000. Dorman Products makes up approximately 2.1% of Reinhart Partners LLC.’s holdings, making the stock its 24th biggest position.

Several other hedge funds have also recently added to or reduced their stakes in the company. NewEdge Advisors LLC grew its holdings in Dorman Products by 13.5% during the 1st quarter. NewEdge Advisors LLC now owns 3,075 shares of the auto parts company’s stock worth $321,000 after acquiring an additional 365 shares in the last quarter. Summitry LLC raised its holdings in shares of Dorman Products by 53.2% in the 1st quarter. Summitry LLC now owns 2,815 shares of the auto parts company’s stock valued at $294,000 after purchasing an additional 978 shares in the last quarter. Liontrust Investment Partners LLP lifted its position in shares of Dorman Products by 7.6% during the 1st quarter. Liontrust Investment Partners LLP now owns 2,123 shares of the auto parts company’s stock worth $222,000 after purchasing an additional 150 shares during the last quarter. Bank of America Corp DE lifted its position in shares of Dorman Products by 11.6% during the 1st quarter. Bank of America Corp DE now owns 409,983 shares of the auto parts company’s stock worth $42,786,000 after purchasing an additional 42,682 shares during the last quarter. Finally, Edgestream Partners L.P. grew its stake in shares of Dorman Products by 227.0% during the first quarter. Edgestream Partners L.P. now owns 42,900 shares of the auto parts company’s stock worth $4,477,000 after purchasing an additional 29,782 shares in the last quarter. Institutional investors and hedge funds own 84.70% of the company’s stock.

Insider Activity at Dorman Products

In other news, CAO Gregory C. Bowen sold 3,531 shares of the company’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 sale, the chief accounting officer directly owned 5,340 shares of the company’s stock, valued at approximately $774,353.40. This represents a 39.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 7.70% of the company’s stock.

Dorman Products Stock Performance

Shares of DORM stock opened at $140.91 on Friday. The stock’s 50-day moving average is $133.55 and its two-hundred day moving average is $122.10. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.28 and a current ratio of 3.60. Dorman Products, Inc. has a 1 year low of $98.44 and a 1 year high of $166.89. The firm has a market cap of $4.18 billion, a price-to-earnings ratio of 19.52 and a beta of 0.98.

Dorman Products (NASDAQ:DORM) last announced its earnings results on Monday, August 3rd. The auto parts company reported $3.08 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $1.19. The business had revenue of $544.60 million for the quarter, compared to analysts’ expectations of $582.24 million. Dorman Products had a net margin of 10.18% and a return on equity of 19.37%. The company’s quarterly revenue was up .7% on a year-over-year basis. During the same period in the previous year, the company posted $2.06 EPS. Dorman Products has set its FY 2026 guidance at 8.500-8.800 EPS. Analysts predict that Dorman Products, Inc. will post 8.65 earnings per share for the current year.

Analyst Ratings Changes

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

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.