Public Employees Retirement Association of Colorado Has $568,000 Stake in Dana Incorporated (DAN)
Public Employees Retirement Association of Colorado held its position in Dana Incorporated (NYSE:DAN) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,421 shares of the auto parts company’s stock at the end of the second quarter. Public Employees Retirement Association of Colorado’s holdings in Dana were worth $568,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DAN. US Bancorp DE raised its position in Dana by 15.0% in the first quarter. US Bancorp DE now owns 9,476 shares of the auto parts company’s stock worth $183,000 after buying an additional 1,233 shares in the last quarter. World Asset Management Inc increased its position in Dana by 0.3% in the first quarter. World Asset Management Inc now owns 10,815 shares of the auto parts company’s stock valued at $209,000 after buying an additional 37 shares during the last quarter. Shelton Capital Management bought a new position in Dana during the first quarter valued at about $210,000. Koch Industries Inc. bought a new position in Dana during the first quarter valued at about $237,000. Finally, Oakbrook Investments LLC increased its position in Dana by 2.9% in the second quarter. Oakbrook Investments LLC now owns 10,700 shares of the auto parts company’s stock valued at $239,000 after buying an additional 300 shares during the last quarter. 97.55% of the stock is owned by hedge funds and other institutional investors.
Shares of Dana Incorporated (DAN) opened at 22.97 on Tuesday. The company has a market cap of $3.32 billion, a PE ratio of 4.87 and a beta of 1.49. The company has a 50-day moving average of $23.50 and a 200-day moving average of $20.80. Dana Incorporated has a 1-year low of $13.93 and a 1-year high of $25.10.
Dana (NYSE:DAN) last released its earnings results on Monday, July 31st. The auto parts company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.51 by $0.17. Dana had a net margin of 10.80% and a return on equity of 30.79%. The firm had revenue of $18.40 million for the quarter, compared to analyst estimates of $1.67 billion. During the same period last year, the firm earned $0.53 EPS. The business’s quarterly revenue was down 98.8% compared to the same quarter last year. Equities analysts forecast that Dana Incorporated will post $2.33 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 11th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend is Wednesday, August 9th. Dana’s dividend payout ratio is currently 5.10%.
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Several research analysts have recently issued reports on DAN shares. Zacks Investment Research upgraded shares of Dana from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a report on Tuesday, April 25th. Deutsche Bank AG restated a “buy” rating and set a $23.00 price objective (up previously from $22.00) on shares of Dana in a report on Wednesday, May 3rd. BidaskClub upgraded shares of Dana from a “hold” rating to a “buy” rating in a report on Saturday, June 10th. Guggenheim started coverage on shares of Dana in a report on Wednesday, June 21st. They set a “buy” rating and a $27.00 price objective on the stock. Finally, CLSA started coverage on shares of Dana in a report on Thursday, June 22nd. They set a “buy” rating and a $27.00 price objective on the stock. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. Dana currently has a consensus rating of “Hold” and a consensus target price of $23.50.
Dana Company Profile
Dana Incorporated, formerly Dana Holding Corporation, is a global provider of technology driveline, sealing and thermal-management products. The Company operates in four segments: Light Vehicle Driveline Technologies (Light Vehicle), Commercial Vehicle Driveline Technologies (Commercial Vehicle), Off-Highway Driveline Technologies (Off-Highway) and Power Technologies.
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