SummerHaven Investment Management LLC Acquires 20,424 Shares of Dana Incorporated $DAN

SummerHaven Investment Management LLC lifted its holdings in shares of Dana Incorporated (NYSE:DAN) by 44.5% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 66,338 shares of the auto parts company’s stock after buying an additional 20,424 shares during the period. Dana comprises about 1.3% of SummerHaven Investment Management LLC’s portfolio, making the stock its 11th biggest holding. SummerHaven Investment Management LLC’s holdings in Dana were worth $1,812,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Fortitude Family Office LLC increased its holdings in shares of Dana by 536.3% during the third quarter. Fortitude Family Office LLC now owns 929 shares of the auto parts company’s stock worth $25,000 after buying an additional 783 shares in the last quarter. Plato Investment Management Ltd bought a new position in shares of Dana during the second quarter worth about $45,000. Pinnacle Holdings LLC bought a new position in Dana during the 2nd quarter worth approximately $49,000. Northwestern Mutual Wealth Management Co. acquired a new position in Dana in the second quarter valued at $49,000. Finally, Parallel Advisors LLC lifted its stake in shares of Dana by 105.2% in the 1st quarter. Parallel Advisors LLC now owns 1,925 shares of the auto parts company’s stock valued at $65,000 after purchasing an additional 987 shares during the period. Institutional investors and hedge funds own 96.79% of the company’s stock.

Dana Stock Performance

NYSE:DAN opened at $28.93 on Friday. Dana Incorporated has a 1-year low of $18.65 and a 1-year high of $39.56. The company has a market capitalization of $3.11 billion, a price-to-earnings ratio of 2.88 and a beta of 2.05. The business has a 50 day moving average of $29.67 and a 200 day moving average of $31.08. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.49 and a quick ratio of 1.03.

Dana (NYSE:DAN) last announced its quarterly earnings data on Thursday, August 6th. The auto parts company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.51). The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.93 billion. Dana had a net margin of 14.55% and a return on equity of 4.07%. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period last year, the business posted $0.13 earnings per share. Dana has set its FY 2026 guidance at 1.750-2.250 EPS. On average, sell-side analysts predict that Dana Incorporated will post 1.92 earnings per share for the current fiscal year.

Dana Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 7th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Friday, August 7th. Dana’s dividend payout ratio is currently 4.78%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on DAN. Wells Fargo & Company dropped their target price on shares of Dana from $33.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Friday, August 7th. Royal Bank Of Canada raised their target price on Dana from $33.00 to $37.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Dana from $40.00 to $39.00 and set a “buy” rating on the stock in a research report on Tuesday, July 7th. Zacks Research raised shares of Dana from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 8th. Finally, UBS Group dropped their price objective on Dana from $38.00 to $36.00 and set a “buy” rating on the stock in a research note on Wednesday, October 7th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $36.67.

Dana Company Profile

Dana Incorporated (NYSE: DAN) is a global supplier of drivetrain, propulsion, thermal-management and sealing technologies for the automotive, commercial-vehicle, off-highway and industrial markets. The company develops systems that help vehicles transmit power, manage heat, reduce emissions and improve efficiency across conventional, hybrid and battery-electric platforms.

Its products include axles, driveshafts, transmissions, differentials, power-transfer units, sealing solutions, thermal-management systems and electric propulsion components.