SG Americas Securities LLC Reduces Position in Dana Incorporated (NYSE:DAN)

SG Americas Securities LLC lessened its holdings in shares of Dana Incorporated (NYSE:DANGet Rating) by 36.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,193 shares of the auto parts company’s stock after selling 19,541 shares during the quarter. SG Americas Securities LLC’s holdings in Dana were worth $601,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. Gabelli Funds LLC boosted its stake in shares of Dana by 4.4% during the 4th quarter. Gabelli Funds LLC now owns 2,561,654 shares of the auto parts company’s stock worth $58,457,000 after acquiring an additional 107,540 shares during the last quarter. Pzena Investment Management LLC lifted its stake in shares of Dana by 8.8% during the 4th quarter. Pzena Investment Management LLC now owns 3,348,838 shares of the auto parts company’s stock valued at $76,420,000 after buying an additional 270,195 shares in the last quarter. Keene & Associates Inc. increased its holdings in Dana by 19.9% in the 1st quarter. Keene & Associates Inc. now owns 19,707 shares of the auto parts company’s stock valued at $346,000 after acquiring an additional 3,267 shares during the last quarter. Strs Ohio increased its holdings in Dana by 6.2% in the 1st quarter. Strs Ohio now owns 68,200 shares of the auto parts company’s stock valued at $1,198,000 after acquiring an additional 4,000 shares during the last quarter. Finally, Loomis Sayles & Co. L P increased its holdings in Dana by 0.3% in the 4th quarter. Loomis Sayles & Co. L P now owns 872,522 shares of the auto parts company’s stock valued at $19,911,000 after acquiring an additional 2,253 shares during the last quarter. Hedge funds and other institutional investors own 94.65% of the company’s stock.

Dana Stock Performance

Shares of NYSE DAN opened at $16.06 on Thursday. The company’s fifty day moving average price is $15.38 and its 200 day moving average price is $17.11. Dana Incorporated has a 1 year low of $13.06 and a 1 year high of $25.59. The company has a market capitalization of $2.30 billion, a PE ratio of 16.22 and a beta of 2.27. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.90 and a current ratio of 1.52.

Dana (NYSE:DANGet Rating) last announced its quarterly earnings results on Wednesday, August 3rd. The auto parts company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.13). Dana had a return on equity of 8.65% and a net margin of 1.56%. The firm had revenue of $2.59 billion for the quarter, compared to analysts’ expectations of $2.45 billion. During the same period last year, the company posted $0.59 earnings per share. The business’s quarterly revenue was up 17.3% on a year-over-year basis. On average, research analysts predict that Dana Incorporated will post 1.16 earnings per share for the current year.

Dana Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 2nd. Shareholders of record on Friday, August 12th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.49%. The ex-dividend date is Thursday, August 11th. Dana’s payout ratio is 40.40%.

Wall Street Analyst Weigh In

DAN has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Dana from $21.00 to $18.00 in a research note on Thursday, April 28th. Exane BNP Paribas initiated coverage on shares of Dana in a research note on Monday, April 11th. They set a “neutral” rating for the company. Wells Fargo & Company cut shares of Dana from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $23.00 to $17.00 in a research note on Tuesday, April 12th. BNP Paribas began coverage on shares of Dana in a research report on Monday, April 11th. They issued a “neutral” rating for the company. Finally, Barclays lowered their price target on shares of Dana from $18.00 to $16.00 in a research report on Thursday, April 28th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Dana currently has an average rating of “Hold” and an average price target of $21.00.

Dana Profile

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Dana Incorporated provides power-conveyance and energy-management solutions for vehicles and machinery in North America, Europe, South America, and the Asia Pacific. It operates in four segments: Light Vehicle Drive Systems, Commercial Vehicle Drive and Motion Systems, Off-Highway Drive and Motion Systems, and Power Technologies.

Further Reading

Institutional Ownership by Quarter for Dana (NYSE:DAN)

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