BlackRock Inc. increased its holdings in Dana Inc (NYSE:DAN) by 5.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,040,843 shares of the auto parts company’s stock after buying an additional 906,329 shares during the quarter. BlackRock Inc. owned about 0.13% of Dana worth $379,673,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of the stock. Invesco Ltd. grew its holdings in Dana by 15.4% in the 2nd quarter. Invesco Ltd. now owns 3,978,035 shares of the auto parts company’s stock worth $79,323,000 after buying an additional 530,630 shares in the last quarter. Northern Trust Corp boosted its stake in Dana by 8.8% during the 2nd quarter. Northern Trust Corp now owns 3,330,635 shares of the auto parts company’s stock valued at $66,414,000 after purchasing an additional 270,555 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Dana by 9.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,097,661 shares of the auto parts company’s stock valued at $61,767,000 after purchasing an additional 273,385 shares in the last quarter. Silvercrest Asset Management Group LLC boosted its stake in Dana by 8.6% during the 2nd quarter. Silvercrest Asset Management Group LLC now owns 2,926,872 shares of the auto parts company’s stock valued at $58,362,000 after purchasing an additional 231,184 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its stake in Dana by 47.8% during the 2nd quarter. Nuveen Asset Management LLC now owns 2,602,629 shares of the auto parts company’s stock valued at $51,896,000 after purchasing an additional 842,244 shares in the last quarter. 95.60% of the stock is owned by institutional investors and hedge funds.
DAN has been the subject of a number of research reports. ValuEngine lowered Dana from a “sell” rating to a “strong sell” rating in a research note on Saturday, October 19th. TheStreet raised Dana from a “c” rating to a “b-” rating in a research note on Thursday, November 7th. KeyCorp decreased their price target on Dana from $22.00 to $20.00 and set an “overweight” rating for the company in a research note on Thursday, September 12th. Zacks Investment Research lowered Dana from a “hold” rating to a “sell” rating in a research note on Tuesday, October 8th. Finally, UBS Group decreased their price target on Dana from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Thursday, September 12th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $20.75.
Shares of NYSE:DAN opened at $17.00 on Thursday. Dana Inc has a one year low of $11.57 and a one year high of $20.96. The stock has a fifty day moving average of $15.54 and a 200-day moving average of $16.07. The company has a market capitalization of $2.56 billion, a PE ratio of 5.72, a price-to-earnings-growth ratio of 1.80 and a beta of 2.23. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.03 and a current ratio of 1.64.
Dana (NYSE:DAN) last announced its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. Dana had a return on equity of 26.97% and a net margin of 2.80%. The company had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter in the prior year, the firm earned $0.77 EPS. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. As a group, research analysts forecast that Dana Inc will post 3.09 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 8th will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, November 7th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.35%. Dana’s dividend payout ratio (DPR) is presently 13.47%.
Dana Company Profile
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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