Deutsche Bank AG Acquires New Stake in Dorman Products, Inc. $DORM

Deutsche Bank AG acquired a new stake in Dorman Products, Inc. (NASDAQ:DORM) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 29,242 shares of the auto parts company’s stock, valued at approximately $3,990,000.

Other large investors also recently bought and sold shares of the company. Congruence Capital LLC purchased a new stake in shares of Dorman Products in the fourth quarter valued at about $1,998,000. First Eagle Investment Management LLC purchased a new position in Dorman Products during the fourth quarter worth about $9,035,000. KTF Investments LLC purchased a new position in Dorman Products during the fourth quarter worth about $13,681,000. Norges Bank acquired a new stake in Dorman Products in the fourth quarter valued at about $41,488,000. Finally, 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 valued at $11,778,000 after purchasing an additional 45,314 shares during the period. Hedge funds and other institutional investors own 84.70% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on DORM. 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. Zacks Research raised Dorman Products from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Barrington Research reissued an “outperform” rating and issued a $150.00 price target on shares of Dorman Products in a report on Monday, May 4th. Weiss Ratings upgraded Dorman Products from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 10th. Finally, Roth Capital reaffirmed a “buy” rating on shares of Dorman Products in a report on Wednesday, August 5th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Dorman Products has an average rating of “Moderate Buy” and a consensus target price of $156.00.

Insider Buying and Selling at Dorman Products

In related news, CAO Gregory C. Bowen sold 3,531 shares of the company’s stock in a transaction on Wednesday, August 5th. The stock was 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 in the company, valued at approximately $774,353.40. This represents a 39.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 7.70% of the stock is currently owned by corporate insiders.

Dorman Products Trading Down 0.5%

Shares of DORM stock opened at $130.46 on Wednesday. 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 cap of $3.87 billion, a P/E ratio of 18.07 and a beta of 0.98. The business has a fifty day simple moving average of $135.07 and a 200-day simple moving average of $122.73. The company has a quick ratio of 1.73, a current ratio of 3.60 and a debt-to-equity ratio of 0.29.

Dorman Products (NASDAQ:DORM) last issued its quarterly earnings data on Monday, August 3rd. The auto parts company reported $3.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $1.19. Dorman Products had a net margin of 10.18% and a return on equity of 19.37%. The business had revenue of $544.60 million during the quarter, compared to analysts’ expectations of $582.24 million. During the same period last year, the company posted $2.06 EPS. The company’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. On average, analysts forecast that Dorman Products, Inc. will post 8.65 earnings per share 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.