SG Americas Securities LLC Has $1.32 Million Stock Position in Dorman Products, Inc. $DORM

SG Americas Securities LLC lifted its position in Dorman Products, Inc. (NASDAQ:DORM) by 534.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,433 shares of the auto parts company’s stock after acquiring an additional 7,103 shares during the period. SG Americas Securities LLC’s holdings in Dorman Products were worth $1,315,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in DORM. Private Trust Co. NA boosted its stake in Dorman Products by 101.2% in the 3rd quarter. Private Trust Co. NA now owns 165 shares of the auto parts company’s stock worth $26,000 after purchasing an additional 83 shares during the period. Salem Investment Counselors Inc. purchased a new stake in shares of Dorman Products in the third quarter valued at $27,000. Salomon & Ludwin LLC acquired a new stake in shares of Dorman Products in the third quarter worth $29,000. EverSource Wealth Advisors LLC grew 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 valued at $29,000 after buying an additional 202 shares in the last quarter. Finally, McIlrath & Eck LLC raised its position in Dorman Products by 56.3% during the third quarter. McIlrath & Eck LLC now owns 286 shares of the auto parts company’s stock valued at $45,000 after buying an additional 103 shares during the period. Hedge funds and other institutional investors own 84.70% of the company’s stock.

Insider Activity

In related news, insider John Mcknight sold 2,000 shares of the stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $128.80, for a total transaction of $257,600.00. Following the completion of the sale, the insider owned 9,112 shares in the company, valued at $1,173,625.60. This represents a 18.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Donna M. Long sold 812 shares of Dorman Products stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $123.75, for a total value of $100,485.00. Following the completion of the transaction, the senior vice president directly owned 17,856 shares in the company, valued at approximately $2,209,680. This represents a 4.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 8.90% of the stock is currently owned by insiders.

Dorman Products Trading Down 2.1%

Shares of DORM stock opened at $126.11 on Friday. Dorman Products, Inc. has a 12 month low of $106.95 and a 12 month high of $166.89. The company has a market cap of $3.85 billion, a PE ratio of 15.70 and a beta of 0.91. The company has a quick ratio of 1.19, a current ratio of 2.94 and a debt-to-equity ratio of 0.28. The business’s 50 day moving average is $128.12 and its two-hundred day moving average is $138.07.

Dorman Products (NASDAQ:DORM) last posted its quarterly earnings data on Monday, October 27th. The auto parts company reported $2.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.31 by $0.31. Dorman Products had a net margin of 11.62% and a return on equity of 19.85%. The business had revenue of $543.74 million during the quarter, compared to the consensus estimate of $548.60 million. During the same period in the prior year, the firm earned $1.96 EPS. Dorman Products’s quarterly revenue was up 7.9% compared to the same quarter last year. Dorman Products has set its FY 2025 guidance at 8.600-8.900 EPS. Equities analysts predict that Dorman Products, Inc. will post 6.9 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on DORM. Wall Street Zen lowered Dorman Products from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 26th. Weiss Ratings restated a “buy (b-)” rating on shares of Dorman Products in a report on Monday, December 29th. Zacks Research lowered shares of Dorman Products from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 27th. Finally, Stephens assumed coverage on shares of Dorman Products in a research note on Tuesday, September 30th. They set an “overweight” rating and a $185.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $180.50.

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.