Dana Inc (DAN) Position Held by QS Investors LLC
QS Investors LLC continued to hold its position in shares of Dana Inc (NYSE:DAN) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 165,410 shares of the auto parts company’s stock at the end of the second quarter. QS Investors LLC owned about 0.11% of Dana worth $3,694,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. BlackRock Inc. increased its stake in Dana by 16,306.0% during the first quarter. BlackRock Inc. now owns 15,385,037 shares of the auto parts company’s stock worth $297,086,000 after purchasing an additional 15,291,260 shares during the period. Vanguard Group Inc. lifted its position in shares of Dana by 3.3% during the second quarter. Vanguard Group Inc. now owns 12,122,567 shares of the auto parts company’s stock worth $270,696,000 after purchasing an additional 391,487 shares in the last quarter. State Street Corp lifted its position in shares of Dana by 5.3% during the first quarter. State Street Corp now owns 5,059,594 shares of the auto parts company’s stock worth $97,700,000 after purchasing an additional 256,746 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Dana by 12.6% in the second quarter. Dimensional Fund Advisors LP now owns 4,342,803 shares of the auto parts company’s stock valued at $96,975,000 after purchasing an additional 484,520 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Dana by 48.8% in the first quarter. Goldman Sachs Group Inc. now owns 3,402,826 shares of the auto parts company’s stock valued at $65,709,000 after purchasing an additional 1,116,271 shares during the period. 98.61% of the stock is owned by institutional investors.
Dana Inc (NYSE:DAN) opened at 28.08 on Wednesday. The firm’s 50-day moving average is $25.12 and its 200 day moving average is $22.11. Dana Inc has a 12-month low of $13.93 and a 12-month high of $29.16. The firm has a market cap of $4.06 billion, a PE ratio of 5.96 and a beta of 1.56.
Dana (NYSE:DAN) last issued its quarterly earnings data on Monday, July 31st. The auto parts company reported $0.68 EPS for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.17. Dana had a return on equity of 25.19% and a net margin of 3.70%. The company had revenue of $18.40 million for the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter in the previous year, the firm posted $0.53 earnings per share. The firm’s quarterly revenue was down 98.8% on a year-over-year basis. Equities research analysts predict that Dana Inc will post $2.33 EPS for the current year.
A number of research analysts recently weighed in on DAN shares. BidaskClub cut shares of Dana from a “buy” rating to a “hold” rating in a report on Saturday, August 12th. Barclays PLC reiterated an “equal weight” rating and set a $26.00 target price (up from $24.00) on shares of Dana in a report on Wednesday, August 2nd. Buckingham Research increased their target price on shares of Dana from $23.00 to $25.00 and gave the stock a “neutral” rating in a report on Wednesday, August 2nd. UBS AG reissued a “neutral” rating and issued a $24.00 price target (up previously from $20.00) on shares of Dana in a research report on Tuesday, August 1st. Finally, Zacks Investment Research raised shares of Dana from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $23.50.
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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