Rational Advisors LLC Sells 2,200 Shares of Dana Incorporated (DAN)
Rational Advisors LLC lowered its stake in Dana Incorporated (NYSE:DAN) by 15.7% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,800 shares of the auto parts company’s stock after selling 2,200 shares during the quarter. Rational Advisors LLC’s holdings in Dana were worth $330,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently bought and sold shares of DAN. Janus Henderson Group PLC purchased a new stake in Dana in the 2nd quarter valued at approximately $41,249,000. Frontier Capital Management Co. LLC raised its holdings in Dana by 163.7% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 2,875,693 shares of the auto parts company’s stock valued at $64,214,000 after acquiring an additional 1,784,986 shares during the last quarter. Northern Trust Corp raised its holdings in Dana by 32.5% in the 2nd quarter. Northern Trust Corp now owns 3,070,975 shares of the auto parts company’s stock valued at $68,574,000 after acquiring an additional 753,716 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Dana by 12.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,342,803 shares of the auto parts company’s stock valued at $96,975,000 after acquiring an additional 484,520 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in Dana by 14.2% in the 2nd quarter. Goldman Sachs Group Inc. now owns 3,884,437 shares of the auto parts company’s stock valued at $86,740,000 after acquiring an additional 481,611 shares during the last quarter. 94.29% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have weighed in on the company. Deutsche Bank AG boosted their price target on Dana from $24.00 to $30.00 and gave the company a “hold” rating in a report on Friday. B. Riley reiterated a “neutral” rating on shares of Dana in a report on Wednesday, November 1st. Royal Bank Of Canada reiterated a “buy” rating on shares of Dana in a report on Friday, October 27th. Barclays PLC boosted their price target on Dana from $28.00 to $30.00 and gave the company an “equal weight” rating in a report on Friday, October 27th. Finally, Buckingham Research boosted their price target on Dana from $25.00 to $32.00 and gave the company a “neutral” rating in a report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $28.00.
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In related news, SVP Rodney R. Filcek sold 3,292 shares of the stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $30.18, for a total value of $99,352.56. Following the completion of the sale, the senior vice president now directly owns 50,251 shares in the company, valued at approximately $1,516,575.18. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO James Kevin Kamsickas sold 57,003 shares of the stock in a transaction on Friday, November 17th. The shares were sold at an average price of $31.01, for a total value of $1,767,663.03. Following the completion of the sale, the chief executive officer now owns 96,312 shares of the company’s stock, valued at $2,986,635.12. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 116,762 shares of company stock valued at $3,541,413. Insiders own 1.60% of the company’s stock.
Dana Incorporated (DAN) traded up $0.51 during mid-day trading on Tuesday, hitting $31.69. The stock had a trading volume of 904,400 shares, compared to its average volume of 1,493,497. The firm has a market cap of $4,550.00, a P/E ratio of 12.52 and a beta of 1.64. The company has a current ratio of 1.72, a quick ratio of 1.17 and a debt-to-equity ratio of 1.36. Dana Incorporated has a 1-year low of $16.62 and a 1-year high of $31.91.
Dana (NYSE:DAN) last released its quarterly earnings data on Thursday, October 26th. The auto parts company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.03. The business had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.71 billion. Dana had a return on equity of 29.34% and a net margin of 10.27%. The business’s revenue for the quarter was up 32.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.49 EPS. equities analysts forecast that Dana Incorporated will post 2.43 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 10th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.76%. Dana’s payout ratio is 5.03%.
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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