Dorman Products, Inc. $DORM Stake Lessened by Squarepoint Ops LLC

Squarepoint Ops LLC reduced its holdings in Dorman Products, Inc. (NASDAQ:DORM) by 18.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,343 shares of the auto parts company’s stock after selling 7,646 shares during the period. Squarepoint Ops LLC owned about 0.12% of Dorman Products worth $4,686,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Allworth Financial LP acquired a new position in shares of Dorman Products in the 2nd quarter valued at about $25,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Dorman Products in the second quarter worth approximately $26,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Dorman Products by 594.1% during the second quarter. EverSource Wealth Advisors LLC now owns 236 shares of the auto parts company’s stock worth $29,000 after purchasing an additional 202 shares during the period. Miller Capital Partners Inc. acquired a new stake in shares of Dorman Products during the fourth quarter worth approximately $37,000. Finally, Sankala Group LLC purchased a new position in Dorman Products during the fourth quarter valued at approximately $47,000. 84.70% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Dorman Products news, CAO Gregory Bowen sold 3,531 shares of the business’s stock in a transaction dated 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 sale, the chief accounting officer owned 5,340 shares of the company’s stock, valued at $774,353.40. The trade was a 39.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 7.70% of the stock is currently owned by company insiders.

Dorman Products Price Performance

NASDAQ DORM opened at $126.66 on Friday. The company has a quick ratio of 1.73, a current ratio of 3.60 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $3.76 billion, a PE ratio of 17.54 and a beta of 0.99. The company has a 50 day moving average price of $134.36 and a two-hundred day moving average price of $122.64. Dorman Products, Inc. has a 12-month low of $98.44 and a 12-month high of $165.43.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Weiss Ratings raised shares of Dorman Products from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 10th. Wells Fargo & Company upped their price target on shares of Dorman Products from $155.00 to $160.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. Zacks Research upgraded Dorman Products from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Roth Capital reissued a “buy” rating on shares of Dorman Products in a research report on Wednesday, August 5th. Finally, Freedom Capital downgraded Dorman Products from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 10th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Dorman Products presently has an average rating of “Moderate Buy” and an average price target of $156.00.

About Dorman Products

Dorman Products, Inc is an automotive parts supplier that designs, manufactures, packages and distributes replacement components for the automotive aftermarket. The company serves vehicle owners, professional repair shops and distributors with parts intended to restore or improve the performance of cars, trucks and other vehicles.

Its product portfolio includes components for vehicle chassis, suspension, steering, brakes, drivetrain, powertrain, electrical systems, heating and air conditioning, body hardware and engine systems.