Parametric Portfolio Associates LLC lowered its stake in shares of Dana Inc (NYSE:DAN) by 12.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 547,298 shares of the auto parts company’s stock after selling 79,405 shares during the period. Parametric Portfolio Associates LLC owned approximately 0.38% of Dana worth $15,302,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of DAN. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Dana by 11.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,055 shares of the auto parts company’s stock worth $113,000 after buying an additional 520 shares during the last quarter. Boothbay Fund Management LLC bought a new position in shares of Dana during the 3rd quarter valued at about $204,000. ETRADE Capital Management LLC bought a new position in shares of Dana during the 2nd quarter valued at about $205,000. First Allied Advisory Services Inc. bought a new position in shares of Dana during the 3rd quarter valued at about $206,000. Finally, Riverhead Capital Management LLC lifted its holdings in shares of Dana by 70.4% during the 2nd quarter. Riverhead Capital Management LLC now owns 10,056 shares of the auto parts company’s stock valued at $225,000 after purchasing an additional 4,156 shares in the last quarter. Hedge funds and other institutional investors own 96.46% of the company’s stock.
Shares of Dana Inc (DAN) opened at $34.88 on Friday. The company has a market capitalization of $4,963.28, a P/E ratio of 7.30 and a beta of 1.68. 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 Inc has a 12 month low of $17.53 and a 12 month high of $35.00.
Dana (NYSE:DAN) last released its earnings results on Thursday, October 26th. The auto parts company reported $0.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.03. The firm 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.49 EPS. equities research analysts expect that Dana Inc will post 2.45 earnings per share for the current fiscal year.
DAN has been the topic of several recent analyst reports. 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. Zacks Investment Research cut Dana from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 17th. Royal Bank of Canada reiterated a “buy” rating on shares of Dana in a report on Friday, October 27th. Barclays lifted 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. Finally, ValuEngine cut Dana from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $29.50.
In other Dana news, Director Terrence J. Keating sold 2,321 shares of the business’s stock in a transaction that occurred on 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 owns 52,140 shares of the company’s stock, valued at approximately $1,544,386.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Virginia A. Kamsky sold 7,323 shares of the business’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 approximately $1,139,298.72. The disclosure for this sale can be found here. Insiders have sold a total of 124,085 shares of company stock worth $3,776,775 in the last ninety days. Insiders own 1.60% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: “Dana Inc (DAN) Position Decreased by Parametric Portfolio Associates LLC” was first reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of US & international copyright and trademark laws. The legal version of this piece of content can be viewed at https://www.dispatchtribunal.com/2018/01/14/dana-inc-dan-stake-lowered-by-parametric-portfolio-associates-llc.html.
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.
Receive News & Ratings for Dana Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dana and related companies with MarketBeat.com's FREE daily email newsletter.