Banco de Sabadell S.A Takes $477,000 Position in Dana Inc (DAN)

Banco de Sabadell S.A purchased a new stake in shares of Dana Inc (NYSE:DAN) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 23,573 shares of the auto parts company’s stock, valued at approximately $477,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Macquarie Group Ltd. boosted its position in Dana by 54.8% during the second quarter. Macquarie Group Ltd. now owns 9,600 shares of the auto parts company’s stock valued at $194,000 after buying an additional 3,400 shares during the period. Virginia Retirement Systems ET AL purchased a new stake in Dana during the first quarter valued at about $222,000. Delpha Capital Management LLC boosted its position in Dana by 1,472.2% during the first quarter. Delpha Capital Management LLC now owns 9,433 shares of the auto parts company’s stock valued at $243,000 after buying an additional 8,833 shares during the period. First Allied Advisory Services Inc. boosted its position in Dana by 30.5% during the first quarter. First Allied Advisory Services Inc. now owns 9,639 shares of the auto parts company’s stock valued at $250,000 after buying an additional 2,255 shares during the period. Finally, HAP Trading LLC boosted its position in Dana by 38.4% during the first quarter. HAP Trading LLC now owns 14,391 shares of the auto parts company’s stock valued at $371,000 after buying an additional 3,991 shares during the period. Institutional investors and hedge funds own 93.99% of the company’s stock.

In related news, Director Keith E. Wandell sold 14,576 shares of the stock in a transaction dated Monday, June 25th. The shares were sold at an average price of $20.56, for a total value of $299,682.56. Following the completion of the transaction, the director now directly owns 69,988 shares of the company’s stock, valued at $1,438,953.28. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.60% of the stock is owned by corporate insiders.

DAN has been the subject of several analyst reports. Barclays upgraded shares of Dana from an “equal weight” rating to an “overweight” rating and set a $30.00 price target for the company in a research report on Thursday, July 26th. Bank of America started coverage on shares of Dana in a report on Friday, June 1st. They set a “buy” rating and a $28.00 target price for the company. Zacks Investment Research upgraded shares of Dana from a “strong sell” rating to a “hold” rating in a report on Monday, July 23rd. ValuEngine lowered shares of Dana from a “hold” rating to a “sell” rating in a report on Saturday, June 2nd. Finally, Stephens reiterated a “hold” rating and set a $23.00 target price on shares of Dana in a report on Wednesday, August 1st. One research analyst has rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the stock. Dana has a consensus rating of “Hold” and a consensus target price of $27.67.

Dana stock opened at $19.56 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.63 and a debt-to-equity ratio of 1.41. The stock has a market cap of $2.74 billion, a PE ratio of 7.76, a PEG ratio of 5.08 and a beta of 1.70. Dana Inc has a 1-year low of $18.08 and a 1-year high of $35.27.

Dana (NYSE:DAN) last posted its earnings results on Wednesday, July 25th. The auto parts company reported $0.74 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.78 by ($0.04). The firm had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2 billion. Dana had a return on equity of 32.56% and a net margin of 2.51%. The business’s revenue for the quarter was up 11063.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.68 earnings per share. sell-side analysts predict that Dana Inc will post 2.95 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, August 31st. Investors of record on Friday, August 10th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend was Thursday, August 9th. Dana’s payout ratio is currently 15.87%.

Dana Company Profile

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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Institutional Ownership by Quarter for Dana (NYSE:DAN)

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