Xact Kapitalforvaltning AB lifted its position in shares of Dana Inc (NYSE:DAN) by 10.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 26,590 shares of the auto parts company’s stock after purchasing an additional 2,600 shares during the period. Xact Kapitalforvaltning AB’s holdings in Dana were worth $362,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DAN. Frontier Capital Management Co. LLC lifted its stake in shares of Dana by 117.6% during the 4th quarter. Frontier Capital Management Co. LLC now owns 2,814,475 shares of the auto parts company’s stock valued at $38,361,000 after buying an additional 1,520,977 shares in the last quarter. First Pacific Advisors LP purchased a new position in shares of Dana during the 3rd quarter valued at $19,414,000. Marshall Wace LLP purchased a new position in shares of Dana during the 3rd quarter valued at $13,826,000. Wedge Capital Management L L P NC lifted its stake in shares of Dana by 10.7% during the 3rd quarter. Wedge Capital Management L L P NC now owns 6,404,004 shares of the auto parts company’s stock valued at $119,563,000 after buying an additional 616,595 shares in the last quarter. Finally, James Investment Research Inc. lifted its stake in shares of Dana by 512.6% during the 4th quarter. James Investment Research Inc. now owns 370,515 shares of the auto parts company’s stock valued at $5,050,000 after buying an additional 310,029 shares in the last quarter. Institutional investors own 95.24% of the company’s stock.
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Shares of DAN stock opened at $19.11 on Friday. The firm has a market capitalization of $2.76 billion, a price-to-earnings ratio of 7.58, a P/E/G ratio of 1.86 and a beta of 1.90. Dana Inc has a 52 week low of $12.65 and a 52 week high of $28.61. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.04 and a current ratio of 1.65.
Dana (NYSE:DAN) last announced its quarterly earnings results on Friday, February 15th. The auto parts company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.66 by $0.05. Dana had a net margin of 2.79% and a return on equity of 34.30%. The business had revenue of $1.97 billion for the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter in the previous year, the company earned $0.62 EPS. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. As a group, equities analysts expect that Dana Inc will post 2.91 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 22nd. Stockholders of record on Friday, March 1st will be issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, February 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.09%. Dana’s dividend payout ratio (DPR) is presently 15.87%.
DAN has been the topic of a number of analyst reports. Zacks Investment Research cut shares of Dana from a “hold” rating to a “sell” rating in a research note on Monday, October 22nd. Royal Bank of Canada restated a “buy” rating and set a $21.00 target price on shares of Dana in a research note on Monday, October 29th. TheStreet cut shares of Dana from a “b-” rating to a “c” rating in a research note on Monday, October 29th. Wolfe Research upgraded shares of Dana from a “market perform” rating to an “outperform” rating in a research note on Wednesday, October 31st. Finally, KeyCorp initiated coverage on shares of Dana in a research note on Monday, December 10th. They set an “overweight” rating and a $18.00 target price on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $21.91.
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Dana Incorporated provides drive and motion products, sealing solutions, thermal-management technologies, and fluid-power products to vehicle and engine manufacturer in North America, Europe, South America, and the Asia Pacific. The company operates in four segments: Light Vehicle Driveline Technologies, Commercial Vehicle Driveline Technologies, Off-Highway Driveline Technologies, and Power Technologies.
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