QS Investors LLC lowered its position in Dana Incorporated (NYSE:DAN) by 1.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 156,624 shares of the auto parts company’s stock after selling 1,790 shares during the period. QS Investors LLC owned approximately 0.11% of Dana worth $5,014,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Dana by 48.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,502 shares of the auto parts company’s stock worth $240,000 after purchasing an additional 2,447 shares during the last quarter. Rhumbline Advisers lifted its stake in Dana by 1.1% in the fourth quarter. Rhumbline Advisers now owns 309,003 shares of the auto parts company’s stock worth $9,891,000 after purchasing an additional 3,218 shares during the last quarter. KBC Group NV lifted its stake in Dana by 107.9% in the fourth quarter. KBC Group NV now owns 6,707 shares of the auto parts company’s stock worth $215,000 after purchasing an additional 3,481 shares during the last quarter. Advisors Preferred LLC bought a new stake in Dana in the fourth quarter worth about $120,000. Finally, Itau Unibanco Holding S.A. lifted its stake in Dana by 29.6% in the fourth quarter. Itau Unibanco Holding S.A. now owns 17,791 shares of the auto parts company’s stock worth $569,000 after purchasing an additional 4,060 shares during the last quarter. 97.89% of the stock is owned by institutional investors and hedge funds.
Several analysts have issued reports on DAN shares. Barclays reissued a “hold” rating and issued a $32.00 price objective on shares of Dana in a research note on Tuesday, January 9th. Guggenheim reissued a “buy” rating and issued a $40.00 price objective on shares of Dana in a research note on Wednesday, January 10th. Zacks Investment Research downgraded shares of Dana from a “buy” rating to a “hold” rating in a research note on Monday, February 5th. JPMorgan Chase decreased their price objective on shares of Dana from $37.00 to $35.00 and set a “neutral” rating for the company in a research note on Wednesday, February 14th. Finally, TheStreet downgraded shares of Dana from a “b” rating to a “c” rating in a research note on Tuesday, February 13th. Ten investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Dana has an average rating of “Hold” and an average price target of $30.55.
Dana stock opened at $26.14 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.69 and a debt-to-equity ratio of 1.58. Dana Incorporated has a fifty-two week low of $17.53 and a fifty-two week high of $35.27. The company has a market cap of $3,803.37, a PE ratio of 10.37, a P/E/G ratio of 0.91 and a beta of 1.77.
Dana (NYSE:DAN) last posted its quarterly earnings results on Tuesday, February 13th. The auto parts company reported $0.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.09. The firm had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.82 billion. Dana had a net margin of 1.54% and a return on equity of 30.70%. The company’s revenue was up 27.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.59 earnings per share. sell-side analysts predict that Dana Incorporated will post 2.89 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 23rd. Investors of record on Friday, March 2nd were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.53%. This is a positive change from Dana’s previous quarterly dividend of $0.06. The ex-dividend date was Thursday, March 1st. Dana’s dividend payout ratio (DPR) is presently 15.87%.
Dana declared that its Board of Directors has initiated a stock buyback plan on Wednesday, January 17th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the auto parts company to purchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.
In related news, EVP Mark E. Wallace sold 40,339 shares of Dana stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $33.42, for a total transaction of $1,348,129.38. Following the transaction, the executive vice president now directly owns 108,139 shares of the company’s stock, valued at $3,614,005.38. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Dwayne Matthews sold 33,244 shares of Dana stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $33.22, for a total transaction of $1,104,365.68. Following the transaction, the insider now directly owns 65,267 shares in the company, valued at $2,168,169.74. The disclosure for this sale can be found here. Over the last three months, insiders have sold 86,207 shares of company stock worth $2,870,602. 1.60% of the stock is currently owned by corporate insiders.
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Dana Incorporated provides drive and motion products, sealing solutions, thermal-management technologies, and fluid-power products to vehicle and engine manufacturer in North America, Europe, South America, and the Asia Pacific. The company operates in four segments: Light Vehicle Driveline Technologies, Commercial Vehicle Driveline Technologies, Off-Highway Driveline Technologies, and Power Technologies.
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