Systematic Financial Management LP Has $941,000 Position in Dana Incorporated (DAN)
Systematic Financial Management LP decreased its stake in shares of Dana Incorporated (NYSE:DAN) by 68.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,731 shares of the auto parts company’s stock after selling 105,043 shares during the period. Systematic Financial Management LP’s holdings in Dana were worth $941,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of the stock. FMR LLC purchased a new stake in Dana during the fourth quarter valued at about $2,401,000. Teachers Advisors LLC increased its position in shares of Dana by 2.4% in the fourth quarter. Teachers Advisors LLC now owns 244,585 shares of the auto parts company’s stock worth $4,642,000 after buying an additional 5,623 shares during the last quarter. American International Group Inc. increased its position in shares of Dana by 4.3% in the first quarter. American International Group Inc. now owns 374,437 shares of the auto parts company’s stock worth $7,230,000 after buying an additional 15,381 shares during the last quarter. DnB Asset Management AS increased its position in shares of Dana by 1.1% in the first quarter. DnB Asset Management AS now owns 2,988,315 shares of the auto parts company’s stock worth $57,704,000 after buying an additional 31,489 shares during the last quarter. Finally, Guggenheim Capital LLC increased its position in shares of Dana by 3.2% in the fourth quarter. Guggenheim Capital LLC now owns 215,324 shares of the auto parts company’s stock worth $4,088,000 after buying an additional 6,634 shares during the last quarter. 97.37% of the stock is currently owned by institutional investors and hedge funds.
Shares of Dana Incorporated (NYSE DAN) traded down 1.09% on Tuesday, reaching $21.76. The company had a trading volume of 261,214 shares. The firm has a market capitalization of $3.15 billion, a PE ratio of 4.74 and a beta of 1.43. The company’s 50-day moving average is $20.95 and its 200 day moving average is $19.59. Dana Incorporated has a 12 month low of $9.80 and a 12 month high of $22.40.
Dana (NYSE:DAN) last issued its quarterly earnings data on Tuesday, May 2nd. The auto parts company reported $0.63 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.25. Dana had a return on equity of 31.55% and a net margin of 11.02%. The firm had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the previous year, the company posted $0.34 EPS. The business’s revenue for the quarter was up 17.4% compared to the same quarter last year. Equities analysts forecast that Dana Incorporated will post $1.93 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 2nd. Shareholders of record on Friday, May 12th were given a $0.06 dividend. The ex-dividend date of this dividend was Wednesday, May 10th. This represents a $0.24 annualized dividend and a yield of 1.09%. Dana’s payout ratio is 5.22%.
DAN has been the subject of a number of recent research reports. Zacks Investment Research downgraded Dana from a “hold” rating to a “sell” rating in a research note on Wednesday, March 1st. Deutsche Bank AG restated a “buy” rating and set a $23.00 price objective (up from $22.00) on shares of Dana in a research note on Wednesday, May 3rd. Finally, BidaskClub upgraded Dana from a “hold” rating to a “buy” rating in a research note on Saturday, June 10th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Dana has an average rating of “Buy” and an average target price of $21.40.
In other Dana news, SVP Rodney R. Filcek sold 10,000 shares of Dana stock in a transaction on Friday, May 5th. The stock was sold at an average price of $20.35, for a total value of $203,500.00. Following the completion of the transaction, the senior vice president now owns 36,481 shares in the company, valued at approximately $742,388.35. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Dwayne Matthews sold 6,667 shares of Dana stock in a transaction on Thursday, May 4th. The shares were sold at an average price of $20.13, for a total value of $134,206.71. Following the completion of the transaction, the insider now owns 49,422 shares of the company’s stock, valued at approximately $994,864.86. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.
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.
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