Great Lakes Advisors LLC Invests $5.46 Million in Dana Incorporated $DAN

Great Lakes Advisors LLC bought a new stake in Dana Incorporated (NYSE:DAN) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 200,506 shares of the auto parts company’s stock, valued at approximately $5,456,000.

Other hedge funds have also bought and sold shares of the company. BlackRock Inc. acquired a new stake in Dana in the 2nd quarter worth about $496,741,000. Bank of New York Mellon Corp acquired a new position in shares of Dana during the 2nd quarter worth approximately $25,571,000. SG Americas Securities LLC increased its holdings in shares of Dana by 1,341.4% during the first quarter. SG Americas Securities LLC now owns 690,454 shares of the auto parts company’s stock worth $23,234,000 after purchasing an additional 642,552 shares during the period. Loomis Sayles & Co. L P increased its holdings in shares of Dana by 61.2% during the fourth quarter. Loomis Sayles & Co. L P now owns 1,591,768 shares of the auto parts company’s stock worth $37,820,000 after purchasing an additional 604,246 shares during the period. Finally, Alberta Investment Management Corp acquired a new stake in shares of Dana in the second quarter valued at approximately $4,647,000. 96.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on DAN. Barclays boosted their price target on Dana from $33.00 to $35.00 and gave the company an “equal weight” rating in a research note on Friday, August 14th. JPMorgan Chase & Co. raised their price objective on Dana from $39.00 to $45.00 and gave the stock an “overweight” rating in a research note on Thursday, April 23rd. Wells Fargo & Company dropped their price objective on Dana from $33.00 to $28.00 and set an “equal weight” rating for the company in a report on Friday, August 7th. UBS Group cut their target price on Dana from $39.00 to $38.00 and set a “buy” rating for the company in a research report on Friday, August 7th. Finally, Zacks Research lowered Dana from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 16th. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $37.00.

Dana Stock Performance

NYSE DAN opened at $30.78 on Thursday. The company has a current ratio of 1.49, a quick ratio of 1.03 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $3.31 billion, a price-to-earnings ratio of 3.06 and a beta of 1.99. The firm’s 50 day simple moving average is $28.02 and its 200 day simple moving average is $32.04. Dana Incorporated has a 1 year low of $17.74 and a 1 year high of $39.56.

Dana (NYSE:DAN) last announced its quarterly earnings data on Thursday, August 6th. The auto parts company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.51). Dana had a net margin of 14.55% and a return on equity of 4.07%. The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.93 billion. During the same quarter in the prior year, the firm earned $0.13 earnings per share. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. Dana has set its FY 2026 guidance at 1.750-2.250 EPS. As a group, research analysts expect that Dana Incorporated will post 1.93 earnings per share for the current fiscal year.

Dana Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 7th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, August 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.6%. Dana’s payout ratio is 4.78%.

Dana Company Profile

Dana Incorporated is a global leader in the design and manufacture of drivetrain, sealing, and thermal-management technologies for the automotive, commercial vehicle, off-highway and industrial markets. The company’s product portfolio includes axles, driveshafts, transmissions, e-Propulsion systems and thermal-management assemblies that help improve fuel efficiency, reduce emissions and enhance vehicle performance. Dana’s expertise spans internal combustion and electrified powertrains, positioning it to support both traditional and next-generation mobility solutions.

Founded in 1904 by Clarence W.