13,200 Shares in Dana Inc (DAN) Acquired by Barings LLC
Barings LLC bought a new position in shares of Dana Inc (NYSE:DAN) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 13,200 shares of the auto parts company’s stock, valued at approximately $369,000.
Other hedge funds have also bought and sold shares of the company. Janus Henderson Group PLC bought a new stake in shares of Dana in the second quarter valued at about $41,249,000. Frontier Capital Management Co. LLC lifted its holdings in shares of Dana by 163.7% in the second 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 purchasing an additional 1,784,986 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Dana by 32.5% in the second quarter. Northern Trust Corp now owns 3,070,975 shares of the auto parts company’s stock valued at $68,574,000 after purchasing an additional 753,716 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings 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 in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Dana by 14.2% in the second quarter. Goldman Sachs Group Inc. now owns 3,884,437 shares of the auto parts company’s stock valued at $86,740,000 after purchasing an additional 481,611 shares in the last quarter. Hedge funds and other institutional investors own 96.49% of the company’s stock.
Several research firms recently issued reports on DAN. ValuEngine lowered Dana from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. Deutsche Bank upped their target price on Dana from $24.00 to $30.00 and gave the stock a “hold” rating in a report on Friday, November 17th. 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. Finally, Barclays upped their target price on Dana from $28.00 to $30.00 and gave the stock an “equal weight” rating in a report on Friday, October 27th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $28.00.
Shares of Dana Inc (DAN) traded down $0.06 during midday trading on Wednesday, reaching $32.22. The company’s stock had a trading volume of 1,516,000 shares, compared to its average volume of 1,480,163. The firm has a market capitalization of $4,676.44, a P/E ratio of 12.96 and a beta of 1.67. 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 Inc has a 1 year low of $17.53 and a 1 year high of $33.45.
Dana (NYSE:DAN) last posted its earnings results on Thursday, October 26th. The auto parts company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.56 by $0.03. Dana had a return on equity of 29.34% and a net margin of 10.27%. The company had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter in the prior year, the business earned $0.49 earnings per share. The firm’s revenue for the quarter was up 32.3% on a year-over-year basis. equities analysts forecast that Dana Inc will post 2.45 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Friday, November 10th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.74%. The ex-dividend date was Thursday, November 9th. Dana’s payout ratio is 5.02%.
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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