Jane Street Group LLC trimmed its holdings in Dana Inc (NYSE:DAN) by 83.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,987 shares of the auto parts company’s stock after selling 60,554 shares during the period. Jane Street Group LLC’s holdings in Dana were worth $335,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Janus Henderson Group PLC acquired a new stake in Dana during the 2nd quarter worth approximately $41,249,000. Anchor Bolt Capital LP lifted its holdings in Dana by 101.2% during the 3rd quarter. Anchor Bolt Capital LP now owns 2,666,372 shares of the auto parts company’s stock worth $74,552,000 after purchasing an additional 1,341,353 shares during the last quarter. Northern Trust Corp lifted its holdings in Dana by 32.5% during the 2nd quarter. Northern Trust Corp now owns 3,070,975 shares of the auto parts company’s stock worth $68,574,000 after purchasing an additional 753,716 shares during the last quarter. Frontier Capital Management Co. LLC lifted its holdings in Dana by 24.9% during the 3rd quarter. Frontier Capital Management Co. LLC now owns 3,592,845 shares of the auto parts company’s stock worth $100,456,000 after purchasing an additional 717,152 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Dana by 12.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,342,803 shares of the auto parts company’s stock worth $96,975,000 after purchasing an additional 484,520 shares during the last quarter. 96.46% of the stock is owned by institutional investors.
In other news, CEO James Kevin Kamsickas sold 57,003 shares of the business’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $31.01, for a total value of $1,767,663.03. Following the transaction, the chief executive officer now directly owns 96,312 shares of the company’s stock, valued at approximately $2,986,635.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Virginia A. Kamsky sold 7,323 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $32.14, for a total value of $235,361.22. Following the transaction, the director now directly owns 35,448 shares in the company, valued at $1,139,298.72. The disclosure for this sale can be found here. Insiders sold a total of 124,085 shares of company stock worth $3,776,775 over the last three months. 1.60% of the stock is owned by company insiders.
Shares of Dana Inc (DAN) traded up $1.01 during mid-day trading on Thursday, reaching $34.26. The company had a trading volume of 1,157,949 shares, compared to its average volume of 1,629,606. Dana Inc has a twelve month low of $17.53 and a twelve month high of $34.77. The company has a market cap of $4,870.00, a price-to-earnings ratio of 7.18 and a beta of 1.67. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.72 and a quick ratio of 1.17.
Dana (NYSE:DAN) last released its quarterly earnings results on Thursday, October 26th. The auto parts company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.03. The firm had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.71 billion. Dana had a return on equity of 29.34% and a net margin of 10.27%. The business’s revenue was up 32.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.49 EPS. sell-side analysts anticipate that Dana Inc will post 2.45 earnings per share for the current fiscal year.
Several analysts recently weighed in on the company. Guggenheim reissued a “buy” rating and set a $40.00 price target on shares of Dana in a report on Wednesday. Barclays reaffirmed a “hold” rating and issued a $32.00 price objective on shares of Dana in a report on Tuesday. ValuEngine cut Dana from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. Deutsche Bank lifted their price objective on Dana from $24.00 to $30.00 and gave the company a “hold” rating in a report on Friday, November 17th. Finally, B. Riley reiterated a “neutral” rating on shares of Dana in a research note on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Dana presently has an average rating of “Hold” and a consensus target price of $29.50.
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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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