Nordea Investment Management AB Sells 12,657 Shares of Dorman Products, Inc. $DORM

Nordea Investment Management AB trimmed its holdings in shares of Dorman Products, Inc. (NASDAQ:DORM) by 12.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 86,982 shares of the auto parts company’s stock after selling 12,657 shares during the quarter. Nordea Investment Management AB owned 0.28% of Dorman Products worth $10,803,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Envestnet Asset Management Inc. increased its stake in Dorman Products by 15.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 190,530 shares of the auto parts company’s stock worth $29,700,000 after buying an additional 25,710 shares during the period. First National Bank of Omaha purchased a new stake in Dorman Products in the 3rd quarter valued at about $5,099,000. Capital Fund Management S.A. purchased a new stake in Dorman Products in the 2nd quarter valued at about $1,423,000. Tributary Capital Management LLC grew its stake in Dorman Products by 90.5% in the 3rd quarter. Tributary Capital Management LLC now owns 234,388 shares of the auto parts company’s stock worth $36,536,000 after acquiring an additional 111,380 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in Dorman Products by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 3,061,577 shares of the auto parts company’s stock worth $477,239,000 after acquiring an additional 9,811 shares in the last quarter. 84.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Stephens reaffirmed an “overweight” rating and set a $150.00 price target on shares of Dorman Products in a research note on Wednesday, March 18th. Weiss Ratings cut Dorman Products from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, January 30th. Zacks Research lowered Dorman Products from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 3rd. Wall Street Zen cut Dorman Products from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Finally, Jefferies Financial Group raised Dorman Products from a “hold” rating to a “buy” rating and dropped their price target for the stock from $159.00 to $140.00 in a research report on Monday, March 2nd. Six equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Dorman Products has a consensus rating of “Moderate Buy” and an average target price of $157.00.

Insider Buying and Selling at Dorman Products

In related news, SVP Donna M. Long sold 947 shares of the firm’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $103.07, for a total transaction 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. This trade represents 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. 8.90% of the stock is owned by company insiders.

Dorman Products Stock Performance

Shares of NASDAQ:DORM opened at $106.95 on Thursday. The firm has a 50 day moving average of $119.38 and a 200 day moving average of $131.56. The company has a quick ratio of 1.14, a current ratio of 3.09 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $3.23 billion, a price-to-earnings ratio of 16.11 and a beta of 0.92. Dorman Products, Inc. has a 52 week low of $98.44 and a 52 week 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 return on equity of 19.15% and a net margin of 9.59%.The business had revenue of $537.93 million for the quarter, compared to analysts’ expectations of $573.38 million. During the same quarter last year, the firm earned $2.20 EPS. The business’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. On average, sell-side analysts predict that Dorman Products, Inc. will post 6.9 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.