Dana Incorporated (DAN) Stake Lifted by Flinton Capital Management LLC
Flinton Capital Management LLC lifted its stake in shares of Dana Incorporated (NYSE:DAN) by 67.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,566 shares of the auto parts company’s stock after acquiring an additional 5,474 shares during the period. Flinton Capital Management LLC’s holdings in Dana were worth $303,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Dana by 0.3% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,097 shares of the auto parts company’s stock worth $471,000 after acquiring an additional 60 shares during the period. Capstone Asset Management Co. lifted its holdings in shares of Dana by 0.4% during the 2nd quarter. Capstone Asset Management Co. now owns 18,278 shares of the auto parts company’s stock worth $408,000 after acquiring an additional 80 shares during the period. US Bancorp DE lifted its holdings in shares of Dana by 1.4% during the 2nd quarter. US Bancorp DE now owns 9,605 shares of the auto parts company’s stock worth $214,000 after acquiring an additional 129 shares during the period. Teacher Retirement System of Texas lifted its holdings in shares of Dana by 1.3% during the 2nd quarter. Teacher Retirement System of Texas now owns 11,550 shares of the auto parts company’s stock worth $258,000 after acquiring an additional 143 shares during the period. Finally, Oakbrook Investments LLC lifted its holdings in shares of Dana by 2.9% during the 2nd quarter. Oakbrook Investments LLC now owns 10,700 shares of the auto parts company’s stock worth $239,000 after acquiring an additional 300 shares during the period. Institutional investors and hedge funds own 98.61% of the company’s stock.
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Several research analysts have recently weighed in on DAN shares. BidaskClub upgraded shares of Dana from a “hold” rating to a “buy” rating in a report on Saturday, July 1st. Zacks Investment Research upgraded shares of Dana from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a report on Thursday, July 27th. Royal Bank Of Canada reiterated a “buy” rating and set a $27.00 price objective on shares of Dana in a report on Thursday, October 5th. 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, Barclays PLC reiterated an “equal weight” rating and set a $26.00 price objective (up from $24.00) on shares of Dana in a report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. Dana has a consensus rating of “Hold” and a consensus target price of $23.80.
Dana Incorporated (NYSE:DAN) opened at 28.39 on Friday. The company has a 50-day moving average of $26.19 and a 200 day moving average of $22.56. Dana Incorporated has a 12-month low of $13.93 and a 12-month high of $29.16. The stock has a market cap of $4.11 billion, a price-to-earnings ratio of 6.02 and a beta of 1.56.
Dana (NYSE:DAN) last announced its quarterly earnings results on Monday, July 31st. The auto parts company reported $0.68 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.17. The business had revenue of $18.40 million during the quarter, compared to analyst estimates of $1.67 billion. Dana had a return on equity of 30.79% and a net margin of 10.80%. The firm’s revenue was down 98.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.53 EPS. Equities analysts anticipate that Dana Incorporated will post $2.33 earnings per share for the current year.
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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