Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of Dana Inc (NYSE:DAN) during the 4th quarter, HoldingsChannel reports. The firm acquired 19,525 shares of the auto parts company’s stock, valued at approximately $266,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in DAN. Oregon Public Employees Retirement Fund raised its holdings in shares of Dana by 1,263.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 784,038 shares of the auto parts company’s stock valued at $58,000 after purchasing an additional 726,515 shares during the period. Honkamp Krueger Financial Services Inc. acquired a new position in shares of Dana during the third quarter valued at about $131,000. Quantamental Technologies LLC acquired a new position in shares of Dana during the fourth quarter valued at about $158,000. Janney Montgomery Scott LLC acquired a new position in shares of Dana during the fourth quarter valued at about $179,000. Finally, Bank of Montreal Can raised its holdings in shares of Dana by 30.1% during the fourth quarter. Bank of Montreal Can now owns 16,982 shares of the auto parts company’s stock valued at $231,000 after purchasing an additional 3,927 shares during the period. Hedge funds and other institutional investors own 94.25% of the company’s stock.
DAN opened at $18.24 on Friday. The company has a current ratio of 1.66, a quick ratio of 1.07 and a debt-to-equity ratio of 1.22. Dana Inc has a fifty-two week low of $12.65 and a fifty-two week high of $27.21. The stock has a market capitalization of $2.62 billion, a P/E ratio of 6.14, a price-to-earnings-growth ratio of 1.31 and a beta of 1.88.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 22nd. Shareholders of record on Friday, March 1st will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date of this dividend is Thursday, February 28th. Dana’s payout ratio is 13.47%.
DAN has been the topic of several research reports. UBS Group upgraded shares of Dana from a “neutral” rating to a “buy” rating and set a $19.00 price objective on the stock in a report on Friday, January 4th. Stephens restated a “hold” rating and issued a $16.00 target price on shares of Dana in a report on Sunday, January 6th. KeyCorp set a $20.00 target price on shares of Dana and gave the stock a “buy” rating in a report on Friday, January 18th. Zacks Investment Research lowered shares of Dana from a “hold” rating to a “sell” rating in a report on Thursday, January 3rd. Finally, Deutsche Bank started coverage on shares of Dana in a report on Thursday, December 13th. They issued a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $22.09.
Dana Incorporated provides drive and motion products, sealing solutions, thermal-management technologies, and fluid-power products to vehicle and engine manufacturer in North America, Europe, South America, and the Asia Pacific. The company operates in four segments: Light Vehicle Driveline Technologies, Commercial Vehicle Driveline Technologies, Off-Highway Drive and Motion Technologies, and Power Technologies.
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