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.

In related news, EVP Mark E. Wallace sold 36,603 shares of the stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $29.68, for a total transaction of $1,086,377.04. Following the sale, the executive vice president now owns 108,239 shares of the company’s stock, valued at $3,212,533.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO James Kevin Kamsickas sold 57,003 shares of the stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $31.01, for a total value of $1,767,663.03. Following the sale, the chief executive officer now directly owns 96,312 shares in the company, valued at approximately $2,986,635.12. The disclosure for this sale can be found here. Insiders sold 116,762 shares of company stock worth $3,541,413 in the last ninety days. 1.60% of the stock is owned by company insiders.

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%.

TRADEMARK VIOLATION WARNING: “13,200 Shares in Dana Inc (DAN) Acquired by Barings LLC” was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece of content on another publication, it was stolen and reposted in violation of U.S. & international copyright law. The original version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/12/06/13200-shares-in-dana-inc-dan-acquired-by-barings-llc.html.

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.

Institutional Ownership by Quarter for Dana (NYSE:DAN)

Receive News & Stock Ratings for Dana Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dana Inc and related stocks with our FREE daily email newsletter.