Xact Kapitalforvaltning AB purchased a new stake in Dana Incorporated (NYSE:DAN) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 12,790 shares of the auto parts company’s stock, valued at approximately $409,000.
Other large investors also recently bought and sold shares of the company. Advisors Preferred LLC acquired a new stake in shares of Dana in the fourth quarter valued at approximately $120,000. Macquarie Group Ltd. acquired a new stake in shares of Dana in the fourth quarter valued at approximately $141,000. Boothbay Fund Management LLC acquired a new stake in shares of Dana in the third quarter valued at approximately $204,000. Advisory Services Network LLC acquired a new stake in shares of Dana in the fourth quarter valued at approximately $204,000. Finally, First Allied Advisory Services Inc. acquired a new stake in shares of Dana in the third quarter valued at approximately $206,000. 97.89% of the stock is owned by hedge funds and other institutional investors.
In other news, insider Dwayne Matthews sold 33,244 shares of the firm’s stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $33.22, for a total transaction of $1,104,365.68. Following the completion of the transaction, the insider now directly owns 65,267 shares in the company, valued at $2,168,169.74. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Aziz Aghili sold 12,624 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $33.12, for a total value of $418,106.88. Following the transaction, the insider now owns 18,024 shares of the company’s stock, valued at $596,954.88. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 86,207 shares of company stock valued at $2,870,602. Company insiders own 1.60% of the company’s stock.
Several research firms recently commented on DAN. Guggenheim reaffirmed a “buy” rating and issued a $40.00 price target on shares of Dana in a report on Wednesday, January 10th. Barclays reaffirmed a “hold” rating and issued a $32.00 price target on shares of Dana in a report on Tuesday, January 9th. Zacks Investment Research raised Dana from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a research note on Tuesday, February 6th. JPMorgan Chase cut their target price on Dana from $37.00 to $35.00 and set a “neutral” rating for the company in a research note on Wednesday, February 14th. Finally, Gabelli reissued a “buy” rating on shares of Dana in a research note on Wednesday, February 14th. Ten analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $30.55.
DAN 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. The firm has a market cap of $3,877.35, a price-to-earnings ratio of 10.61, a price-to-earnings-growth ratio of 0.93 and a beta of 1.77. Dana Incorporated has a 52-week low of $17.53 and a 52-week high of $35.27.
Dana (NYSE:DAN) last posted its earnings results on Tuesday, February 13th. The auto parts company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.09. The company had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.82 billion. Dana had a return on equity of 30.70% and a net margin of 1.54%. The firm’s quarterly revenue was up 27.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.59 earnings per share. equities research analysts anticipate that Dana Incorporated will post 2.89 earnings per share for the current fiscal year.
Dana declared that its board has approved a stock repurchase program on Wednesday, January 17th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the auto parts company to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.
The company also recently declared a quarterly dividend, which was paid on Friday, March 23rd. Stockholders of record on Friday, March 2nd were given a dividend of $0.10 per share. This is a positive change from Dana’s previous quarterly dividend of $0.06. This represents a $0.40 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend was Thursday, March 1st. Dana’s dividend payout ratio (DPR) is currently 15.87%.
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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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