Dana Inc (DAN) Holdings Increased by Bailard Inc.

Bailard Inc. raised its position in shares of Dana Inc (NYSE:DAN) by 423.3% in the third quarter, according to its most recent filing with the SEC. The firm owned 177,928 shares of the auto parts company’s stock after purchasing an additional 143,928 shares during the quarter. Bailard Inc.’s holdings in Dana were worth $3,322,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Renaissance Technologies LLC grew its position in shares of Dana by 13.0% during the 3rd quarter. Renaissance Technologies LLC now owns 1,166,000 shares of the auto parts company’s stock worth $21,769,000 after buying an additional 133,700 shares during the period. Riverhead Capital Management LLC grew its position in shares of Dana by 49.0% during the 3rd quarter. Riverhead Capital Management LLC now owns 21,279 shares of the auto parts company’s stock worth $397,000 after buying an additional 7,000 shares during the period. Honkamp Krueger Financial Services Inc. acquired a new stake in shares of Dana during the 3rd quarter worth approximately $131,000. Tower Research Capital LLC TRC grew its position in shares of Dana by 252.4% during the 3rd quarter. Tower Research Capital LLC TRC now owns 25,519 shares of the auto parts company’s stock worth $476,000 after buying an additional 18,277 shares during the period. Finally, William Blair Investment Management LLC grew its position in shares of Dana by 13.0% during the 3rd quarter. William Blair Investment Management LLC now owns 870,456 shares of the auto parts company’s stock worth $16,251,000 after buying an additional 99,840 shares during the period. 93.16% of the stock is owned by institutional investors and hedge funds.

Shares of DAN opened at $14.20 on Thursday. Dana Inc has a 12-month low of $13.75 and a 12-month high of $35.27. The company has a current ratio of 1.65, a quick ratio of 1.04 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of $2.10 billion, a P/E ratio of 5.63, a PEG ratio of 1.65 and a beta of 1.87.

Dana (NYSE:DAN) last issued its earnings results on Monday, October 29th. The auto parts company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.02. Dana had a return on equity of 34.30% and a net margin of 2.79%. The company had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same period last year, the business earned $0.59 EPS. Dana’s quarterly revenue was up 8.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Dana Inc will post 2.91 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, November 30th. Investors of record on Friday, November 9th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date was Thursday, November 8th. Dana’s dividend payout ratio is currently 15.87%.

Several brokerages have recently commented on DAN. Zacks Investment Research downgraded shares of Dana from a “hold” rating to a “sell” rating in a research report on Monday, October 22nd. Wolfe Research began coverage on shares of Dana in a research report on Tuesday, October 2nd. They set a “peer perform” rating for the company. TheStreet downgraded shares of Dana from a “b-” rating to a “c” rating in a research report on Monday, October 29th. Royal Bank of Canada reaffirmed a “buy” rating and set a $21.00 price objective on shares of Dana in a research report on Monday, October 29th. Finally, Bank of America downgraded shares of Dana from a “buy” rating to a “neutral” rating and set a $21.00 price objective for the company. in a research report on Thursday, October 18th. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $25.33.

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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.

Further Reading: What does earnings per share mean?

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Institutional Ownership by Quarter for Dana (NYSE:DAN)

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