Bessemer Group Inc. Boosts Stock Position in Dorman Products, Inc. $DORM

Bessemer Group Inc. grew its stake in Dorman Products, Inc. (NASDAQ:DORM) by 26.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 244,273 shares of the auto parts company’s stock after purchasing an additional 51,103 shares during the period. Bessemer Group Inc.’s holdings in Dorman Products were worth $30,092,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC grew its position in shares of Dorman Products by 594.1% in the second quarter. EverSource Wealth Advisors LLC now owns 236 shares of the auto parts company’s stock valued at $29,000 after purchasing an additional 202 shares in the last quarter. Quent Capital LLC purchased a new stake in shares of Dorman Products in the third quarter valued at approximately $38,000. Richardson Financial Services Inc. grew its position in shares of Dorman Products by 134.6% in the third quarter. Richardson Financial Services Inc. now owns 244 shares of the auto parts company’s stock valued at $38,000 after purchasing an additional 140 shares in the last quarter. Jones Financial Companies Lllp grew its position in shares of Dorman Products by 26.7% in the third quarter. Jones Financial Companies Lllp now owns 417 shares of the auto parts company’s stock valued at $65,000 after purchasing an additional 88 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in shares of Dorman Products in the first quarter valued at approximately $71,000. 84.70% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Stephens restated an “overweight” rating and issued a $150.00 price target on shares of Dorman Products in a research report on Wednesday, March 18th. Barrington Research reiterated an “outperform” rating and issued a $150.00 price objective on shares of Dorman Products in a report on Monday, May 4th. Weiss Ratings cut Dorman Products from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, January 30th. Jefferies Financial Group upgraded Dorman Products from a “hold” rating to a “buy” rating and decreased their price objective for the company from $159.00 to $140.00 in a report on Monday, March 2nd. Finally, Wells Fargo & Company decreased their price objective on Dorman Products from $150.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday, February 27th. Six equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $157.00.

Dorman Products Stock Down 3.6%

Shares of NASDAQ DORM opened at $116.16 on Friday. The firm has a market cap of $3.47 billion, a price-to-earnings ratio of 18.74 and a beta of 0.97. The company has a quick ratio of 1.28, a current ratio of 3.29 and a debt-to-equity ratio of 0.27. Dorman Products, Inc. has a 52-week low of $98.44 and a 52-week high of $166.89. The business’s 50 day moving average is $108.97 and its two-hundred day moving average is $121.33.

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

Insider Transactions at Dorman Products

In other Dorman Products news, SVP Donna M. Long sold 947 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $103.07, for a total value of $97,607.29. Following the sale, the senior vice president owned 20,073 shares of the company’s stock, valued at $2,068,924.11. The trade was a 4.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 7.70% of the stock is currently owned by insiders.

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.