JPMorgan Chase & Co. Sells 18,068 Shares of Dorman Products, Inc. $DORM

JPMorgan Chase & Co. lessened its holdings in Dorman Products, Inc. (NASDAQ:DORM) by 12.5% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 126,816 shares of the auto parts company’s stock after selling 18,068 shares during the period. JPMorgan Chase & Co. owned approximately 0.41% of Dorman Products worth $19,768,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Envestnet Asset Management Inc. increased its position in shares of Dorman Products by 15.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 190,530 shares of the auto parts company’s stock valued at $29,700,000 after purchasing an additional 25,710 shares during the last quarter. First National Bank of Omaha purchased a new stake in shares of Dorman Products during the 3rd quarter valued at approximately $5,099,000. Capital Fund Management S.A. bought a new position in shares of Dorman Products in the second quarter worth $1,423,000. Tributary Capital Management LLC lifted its holdings in Dorman Products by 90.5% during the 3rd quarter. Tributary Capital Management LLC now owns 234,388 shares of the auto parts company’s stock worth $36,536,000 after purchasing an additional 111,380 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Dorman Products by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 3,061,577 shares of the auto parts company’s stock worth $477,239,000 after purchasing an additional 9,811 shares in the last quarter. 84.70% of the stock is owned by institutional investors.

Dorman Products Stock Up 1.3%

DORM stock opened at $105.19 on Wednesday. The company’s 50 day moving average is $119.76 and its 200 day moving average is $131.74. The stock has a market cap of $3.17 billion, a price-to-earnings ratio of 15.84 and a beta of 0.92. The company has a current ratio of 3.09, a quick ratio of 1.14 and a debt-to-equity ratio of 0.27. Dorman Products, Inc. has a 1-year low of $98.44 and a 1-year high of $166.89.

Dorman Products (NASDAQ:DORM) last announced its earnings results on Wednesday, February 25th. The auto parts company reported $2.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.02. Dorman Products had a net margin of 9.59% and a return on equity of 19.15%. The business had revenue of $537.93 million during the quarter, compared to analyst estimates of $573.38 million. During the same period in the previous year, the business posted $2.20 earnings per share. Dorman Products’s revenue for the quarter was up .8% on a year-over-year basis. Dorman Products has set its FY 2026 guidance at 8.100-8.50 EPS. Sell-side analysts predict that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

Insider Buying and Selling at Dorman Products

In related news, SVP Donna M. Long sold 947 shares of the company’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $103.07, for a total value of $97,607.29. Following the completion of the transaction, the senior vice president directly owned 20,073 shares in the company, valued at approximately $2,068,924.11. The trade was a 4.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 8.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on DORM. Stephens reaffirmed an “overweight” rating and set a $150.00 target price on shares of Dorman Products in a report on Wednesday, March 18th. Wells Fargo & Company cut their price objective on shares of Dorman Products from $150.00 to $140.00 and set an “overweight” rating for the company in a research report on Friday, February 27th. Barrington Research reaffirmed an “outperform” rating and set a $150.00 price objective on shares of Dorman Products in a research note on Thursday, March 5th. Weiss Ratings lowered shares of Dorman Products from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, January 30th. Finally, Jefferies Financial Group upgraded shares of Dorman Products from a “hold” rating to a “buy” rating and lowered their target price for the stock from $159.00 to $140.00 in a research note on Monday, March 2nd. Six 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 company’s stock. According to data from MarketBeat, Dorman Products currently has an average rating of “Moderate Buy” and an average target price of $157.00.

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.