Russell Investments Group Ltd. lifted its stake in shares of Dana Inc (NYSE:DAN) by 21.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 275,178 shares of the auto parts company’s stock after buying an additional 48,152 shares during the period. Russell Investments Group Ltd. owned about 0.19% of Dana worth $7,691,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Royal Bank of Canada increased its holdings in shares of Dana by 47.3% during the second quarter. Royal Bank of Canada now owns 208,043 shares of the auto parts company’s stock worth $4,646,000 after buying an additional 66,827 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Dana by 3.3% during the second quarter. Vanguard Group Inc. now owns 12,122,567 shares of the auto parts company’s stock worth $270,696,000 after buying an additional 391,487 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Dana by 51.0% during the second quarter. SG Americas Securities LLC now owns 60,545 shares of the auto parts company’s stock worth $1,352,000 after buying an additional 20,451 shares in the last quarter. Great West Life Assurance Co. Can increased its holdings in shares of Dana by 1.1% during the second quarter. Great West Life Assurance Co. Can now owns 85,680 shares of the auto parts company’s stock worth $1,912,000 after buying an additional 942 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Dana by 14.2% during the second quarter. Goldman Sachs Group Inc. now owns 3,884,437 shares of the auto parts company’s stock worth $86,740,000 after buying an additional 481,611 shares in the last quarter. Institutional investors own 96.49% of the company’s stock.
Shares of Dana Inc (NYSE:DAN) opened at $31.87 on Friday. The company has a current ratio of 1.72, a quick ratio of 1.17 and a debt-to-equity ratio of 1.36. The company has a market cap of $4,606.90, a price-to-earnings ratio of 12.77 and a beta of 1.67. Dana Inc has a 1 year low of $17.53 and a 1 year high of $33.45.
Dana (NYSE:DAN) last released its quarterly earnings data on Thursday, October 26th. The auto parts company reported $0.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.03. The company had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.71 billion. Dana had a net margin of 10.27% and a return on equity of 29.34%. The business’s revenue was up 32.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.49 EPS. equities research analysts expect that Dana Inc will post 2.45 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Friday, November 10th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Thursday, November 9th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.75%. Dana’s dividend payout ratio (DPR) is presently 5.02%.
In other news, SVP Rodney R. Filcek sold 3,292 shares of the stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $30.18, for a total transaction of $99,352.56. Following the transaction, the senior vice president now owns 50,251 shares of the company’s stock, valued at approximately $1,516,575.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Terrence J. Keating sold 2,321 shares of the stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $29.62, for a total transaction of $68,748.02. Following the transaction, the director now directly owns 52,140 shares in the company, valued at approximately $1,544,386.80. The disclosure for this sale can be found here. Insiders have sold a total of 116,762 shares of company stock worth $3,541,413 in the last three months. Insiders own 1.60% of the company’s stock.
Several brokerages recently weighed in on DAN. ValuEngine cut shares of Dana from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Royal Bank Of Canada reissued a “buy” rating and issued a $27.00 price objective on shares of Dana in a research note on Thursday, October 5th. Barclays boosted their price objective on shares of Dana from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Friday, October 27th. BidaskClub cut shares of Dana from a “buy” rating to a “hold” rating in a research note on Saturday, August 12th. Finally, Zacks Investment Research cut shares of Dana from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 17th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Dana presently has a consensus rating of “Hold” and a consensus price target of $28.00.
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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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