Comerica Bank reduced its stake in shares of Dana Incorporated (NYSE:DAN) by 14.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 471,624 shares of the auto parts company’s stock after selling 81,379 shares during the quarter. Comerica Bank owned 0.33% of Dana worth $14,017,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. BNP Paribas Arbitrage SA increased its holdings in Dana by 194.8% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 242,083 shares of the auto parts company’s stock worth $6,769,000 after purchasing an additional 159,973 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Dana by 5.6% during the 3rd quarter. Principal Financial Group Inc. now owns 1,033,375 shares of the auto parts company’s stock worth $28,893,000 after purchasing an additional 54,474 shares during the last quarter. USA Financial Portformulas Corp purchased a new stake in Dana during the 3rd quarter worth approximately $563,000. Chicago Equity Partners LLC increased its holdings in Dana by 178.5% during the 3rd quarter. Chicago Equity Partners LLC now owns 92,910 shares of the auto parts company’s stock worth $2,598,000 after purchasing an additional 59,555 shares during the last quarter. Finally, Meridian Wealth Management LLC acquired a new position in shares of Dana in the 3rd quarter worth approximately $301,000. Institutional investors and hedge funds own 94.99% of the company’s stock.

Dana Incorporated (DAN) traded down $0.47 during trading hours on Thursday, reaching $30.32. The company had a trading volume of 1,517,400 shares, compared to its average volume of 1,499,159. The firm has a market capitalization of $4,460.58, a price-to-earnings ratio of 12.36 and a beta of 1.64. Dana Incorporated has a 52-week low of $16.15 and a 52-week high of $31.91. The company has a quick ratio of 1.17, a current ratio of 1.72 and a debt-to-equity ratio of 1.36.

Dana (NYSE:DAN) last posted its quarterly earnings results on Thursday, October 26th. The auto parts company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.03. The firm had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.71 billion. Dana had a return on equity of 29.34% and a net margin of 10.27%. Dana’s quarterly revenue was up 32.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.49 earnings per share. sell-side analysts anticipate that Dana Incorporated will post 2.43 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 10th will be paid a $0.06 dividend. The ex-dividend date is Thursday, November 9th. This represents a $0.24 dividend on an annualized basis and a yield of 0.79%. Dana’s dividend payout ratio (DPR) is currently 5.02%.

In other Dana news, insider Dwayne Matthews sold 17,543 shares of the business’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $29.60, for a total value of $519,272.80. Following the transaction, the insider now owns 76,402 shares in the company, valued at $2,261,499.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Rodney R. Filcek sold 3,292 shares of the business’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $30.18, for a total value of $99,352.56. Following the completion of the transaction, the senior vice president now owns 50,251 shares in the company, valued at approximately $1,516,575.18. The disclosure for this sale can be found here. Insiders sold 59,759 shares of company stock worth $1,773,750 in the last 90 days. Corporate insiders own 1.60% of the company’s stock.

A number of brokerages have recently issued reports on DAN. Buckingham Research boosted their target price on Dana from $23.00 to $25.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 2nd. FBR & Co reaffirmed a “neutral” rating and set a $25.00 target price (up from $17.00) on shares of Dana in a research report on Friday, October 27th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Dana in a research report on Friday, October 27th. UBS AG reaffirmed a “neutral” rating and set a $24.00 target price (up from $20.00) on shares of Dana in a research report on Tuesday, August 1st. Finally, Zacks Investment Research raised Dana from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $27.00.

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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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Institutional Ownership by Quarter for Dana (NYSE:DAN)

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