USA Financial Portformulas Corp purchased a new stake in shares of Dana Incorporated (NYSE:DAN) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 20,121 shares of the auto parts company’s stock, valued at approximately $563,000.
Several other institutional investors and hedge funds have also modified their holdings of DAN. Teachers Advisors LLC boosted its position in shares of Dana by 5.5% during the 1st quarter. Teachers Advisors LLC now owns 258,083 shares of the auto parts company’s stock valued at $4,984,000 after acquiring an additional 13,498 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Dana by 4.7% during the 1st quarter. Vanguard Group Inc. now owns 11,731,080 shares of the auto parts company’s stock valued at $226,527,000 after acquiring an additional 527,535 shares during the last quarter. New York State Teachers Retirement System boosted its position in shares of Dana by 218.6% during the 1st quarter. New York State Teachers Retirement System now owns 83,800 shares of the auto parts company’s stock valued at $1,618,000 after acquiring an additional 57,500 shares during the last quarter. KCG Holdings Inc. boosted its position in shares of Dana by 12.6% during the 1st quarter. KCG Holdings Inc. now owns 17,312 shares of the auto parts company’s stock valued at $334,000 after acquiring an additional 1,937 shares during the last quarter. Finally, State Street Corp boosted its position in shares of Dana by 5.3% during the 1st quarter. State Street Corp now owns 5,059,594 shares of the auto parts company’s stock valued at $97,700,000 after acquiring an additional 256,746 shares during the last quarter. Hedge funds and other institutional investors own 97.38% of the company’s stock.
In other news, SVP Rodney R. Filcek sold 3,292 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $30.18, for a total transaction of $99,352.56. Following the transaction, the senior vice president now directly owns 50,251 shares of the company’s stock, valued at $1,516,575.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Dwayne Matthews sold 17,543 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $29.60, for a total value of $519,272.80. Following the transaction, the insider now directly owns 76,402 shares in the company, valued at $2,261,499.20. The disclosure for this sale can be found here. Insiders have sold 59,759 shares of company stock worth $1,773,750 over the last three months. Insiders own 1.60% of the company’s stock.
A number of brokerages have recently issued reports on DAN. B. Riley reiterated a “neutral” rating on shares of Dana in a research report on Wednesday, November 1st. Royal Bank Of Canada reissued a “buy” rating on shares of Dana in a report on Friday, October 27th. FBR & Co reissued a “neutral” rating and set a $25.00 price objective (up from $17.00) on shares of Dana in a report on Friday, October 27th. Buckingham Research raised their price objective on Dana from $25.00 to $32.00 and gave the company a “neutral” rating in a report on Friday, October 27th. Finally, Barclays PLC raised their price objective on Dana from $28.00 to $30.00 and gave the company an “equal weight” rating in a report on Friday, October 27th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Dana currently has a consensus rating of “Hold” and an average price target of $27.00.
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Dana Incorporated (DAN) opened at $30.58 on Friday. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.72 and a quick ratio of 1.17. The company has a market capitalization of $4,518.53, a P/E ratio of 12.53 and a beta of 1.64. Dana Incorporated has a 12 month low of $15.13 and a 12 month high of $31.91.
Dana (NYSE:DAN) last announced its quarterly earnings results on Thursday, October 26th. The auto parts company reported $0.59 EPS for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.03. The business had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.71 billion. Dana had a return on equity of 29.34% and a net margin of 10.27%. The business’s quarterly revenue was up 32.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.49 EPS. equities analysts predict that Dana Incorporated will post 2.43 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 10th will be paid a $0.06 dividend. The ex-dividend date is Thursday, November 9th. This represents a $0.24 dividend on an annualized basis and a yield of 0.78%. Dana’s dividend payout ratio (DPR) is currently 5.02%.
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.
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