Bessemer Group Inc. Has $13.43 Million Stock Holdings in Dorman Products, Inc. $DORM

Bessemer Group Inc. lifted its stake in Dorman Products, Inc. (NASDAQ:DORM) by 24,717.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 109,445 shares of the auto parts company’s stock after acquiring an additional 109,004 shares during the quarter. Bessemer Group Inc. owned approximately 0.36% of Dorman Products worth $13,425,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Invesco Ltd. increased its position in Dorman Products by 22.1% in the 1st quarter. Invesco Ltd. now owns 760,774 shares of the auto parts company’s stock worth $91,704,000 after purchasing an additional 137,913 shares during the last quarter. GW&K Investment Management LLC raised its position in Dorman Products by 0.7% during the first quarter. GW&K Investment Management LLC now owns 601,363 shares of the auto parts company’s stock valued at $72,489,000 after acquiring an additional 4,363 shares in the last quarter. Jennison Associates LLC raised its position in Dorman Products by 32.1% during the first quarter. Jennison Associates LLC now owns 598,642 shares of the auto parts company’s stock valued at $72,160,000 after acquiring an additional 145,391 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of Dorman Products by 192.9% during the 1st quarter. Wellington Management Group LLP now owns 511,791 shares of the auto parts company’s stock worth $61,691,000 after purchasing an additional 337,074 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. increased its stake in shares of Dorman Products by 30.2% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 427,104 shares of the auto parts company’s stock worth $51,483,000 after purchasing an additional 99,084 shares during the last quarter. 84.70% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CAO Gregory C. Bowen sold 1,453 shares of Dorman Products stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $162.81, for a total transaction of $236,562.93. Following the sale, the chief accounting officer directly owned 4,659 shares of the company’s stock, valued at $758,531.79. This trade represents a 23.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.90% of the stock is currently owned by company insiders.

Dorman Products Stock Performance

DORM opened at $138.73 on Wednesday. The stock’s 50 day moving average price is $154.45 and its two-hundred day moving average price is $135.48. The firm has a market capitalization of $4.24 billion, a P/E ratio of 17.28 and a beta of 0.84. The company has a quick ratio of 1.21, a current ratio of 2.74 and a debt-to-equity ratio of 0.31. Dorman Products, Inc. has a 12-month low of $106.95 and a 12-month high of $166.89.

Dorman Products (NASDAQ:DORM) last announced 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. The business had revenue of $543.74 million for the quarter, compared to the consensus estimate of $548.60 million. Dorman Products had a net margin of 11.62% and a return on equity of 20.36%. Dorman Products’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the company posted $1.96 earnings per share. Dorman Products has set its FY 2025 guidance at 8.600-8.900 EPS. On average, equities analysts forecast that Dorman Products, Inc. will post 6.9 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on DORM. Zacks Research upgraded shares of Dorman Products from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 13th. BMO Capital Markets started coverage on shares of Dorman Products in a research report on Thursday, September 18th. They set an “outperform” rating and a $180.00 target price on the stock. Weiss Ratings raised Dorman Products from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 8th. Roth Capital increased their price objective on Dorman Products to $182.00 and gave the company a “buy” rating in a report on Tuesday, August 26th. Finally, Wall Street Zen downgraded Dorman Products from a “strong-buy” rating to a “buy” rating in a report on Sunday. Two investment analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the company’s stock. According to data from MarketBeat, Dorman Products presently has a consensus rating of “Buy” and an average price target of $175.00.

Dorman Products Profile

Dorman Products, Inc supplies replacement and upgrade parts for passenger cars, light trucks, medium- and heavy-duty trucks, utility terrain vehicles, and all-terrain vehicles in the motor vehicle aftermarket industry in the United States and internationally. It offers engine products, including intake and exhaust manifolds, fans, thermostat housings, and throttle bodies; undercar products comprising fluid lines, fluid reservoirs, connectors, 4-wheel drive components and axles, drain plugs, other engine, and transmission and axle components; steering and suspension products consist of control arms, ball joints, tie-rod ends, brake hardware and hydraulics, wheel and axle hardware, suspension arms, knuckles, links, bushings, and leaf springs, as well as other suspension, steering, and brake components; body products, such as door handles and hinges, window lift motors, window regulators, switches and handles, wiper components, lighting, electrical, and other interior and exterior vehicle body components, including windshields for UTVs; electronics products comprise new and remanufactured modules, clusters and sensors; and hardware products, such as threaded bolts and auto body fasteners, automotive and home electrical wiring components, and other hardware assortments and merchandise.