LSV Asset Management increased its position in shares of Dana Incorporated (NYSE:DAN) by 26.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,507,015 shares of the auto parts company’s stock after buying an additional 318,700 shares during the quarter. LSV Asset Management owned about 1.04% of Dana worth $33,651,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in DAN. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Dana by 11.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,055 shares of the auto parts company’s stock valued at $113,000 after buying an additional 520 shares during the period. US Bancorp DE raised its position in shares of Dana by 15.0% during the 1st quarter. US Bancorp DE now owns 9,476 shares of the auto parts company’s stock valued at $183,000 after buying an additional 1,233 shares during the period. World Asset Management Inc raised its position in shares of Dana by 0.3% during the 1st quarter. World Asset Management Inc now owns 10,815 shares of the auto parts company’s stock valued at $209,000 after buying an additional 37 shares during the period. Shelton Capital Management purchased a new stake in shares of Dana during the 1st quarter valued at approximately $210,000. Finally, Koch Industries Inc. purchased a new stake in shares of Dana during the 1st quarter valued at approximately $237,000. 98.61% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Dana Incorporated (NYSE:DAN) opened at 24.23 on Monday. The firm has a 50-day moving average price of $23.58 and a 200-day moving average price of $21.15. The stock has a market cap of $3.51 billion, a price-to-earnings ratio of 5.14 and a beta of 1.49. Dana Incorporated has a 12 month low of $13.93 and a 12 month high of $25.10.
Dana (NYSE:DAN) last posted its quarterly earnings results on Monday, July 31st. The auto parts company reported $0.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.17. The company had revenue of $18.40 million for the quarter, compared to the consensus estimate of $1.67 billion. Dana had a net margin of 10.80% and a return on equity of 30.79%. Dana’s revenue was down 98.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.53 earnings per share. Equities analysts expect that Dana Incorporated will post $2.33 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, August 11th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date was Wednesday, August 9th. Dana’s dividend payout ratio is presently 5.10%.
Several analysts have recently commented on the stock. Barclays PLC reaffirmed an “equal weight” rating and set a $26.00 price target (up previously from $24.00) on shares of Dana in a research report on Wednesday, August 2nd. Buckingham Research lifted their price target on shares of Dana from $23.00 to $25.00 and gave the company a “neutral” rating in a research report on Wednesday, August 2nd. BidaskClub lowered shares of Dana from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. UBS AG reaffirmed a “neutral” rating and set a $24.00 price target (up previously from $20.00) on shares of Dana in a research report on Tuesday, August 1st. Finally, Zacks Investment Research raised Dana from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. Dana has an average rating of “Hold” and a consensus target price of $23.50.
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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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