Dana Incorporated (DAN) Stake Maintained by Weber Alan W
Weber Alan W held its position in Dana Incorporated (NYSE:DAN) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 522,993 shares of the auto parts company’s stock at the end of the second quarter. Dana makes up about 6.3% of Weber Alan W’s holdings, making the stock its 6th largest position. Weber Alan W’s holdings in Dana were worth $11,678,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. FMR LLC bought a new position in Dana during the fourth quarter worth $2,401,000. Teachers Advisors LLC increased its position in 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 in the last quarter. American International Group Inc. increased its position in 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 in the last quarter. Nordea Investment Management AB increased its position in Dana by 1.3% in the first quarter. Nordea Investment Management AB now owns 80,390 shares of the auto parts company’s stock worth $1,552,000 after buying an additional 1,004 shares in the last quarter. Finally, Koch Industries Inc. bought a new position in Dana during the first quarter worth $237,000. 97.01% of the stock is owned by hedge funds and other institutional investors.
Shares of Dana Incorporated (NYSE DAN) opened at 24.30 on Thursday. Dana Incorporated has a 1-year low of $13.63 and a 1-year high of $25.10. The stock has a market capitalization of $3.52 billion, a PE ratio of 5.15 and a beta of 1.49. The firm has a 50-day moving average of $23.15 and a 200 day moving average of $20.60.
Dana (NYSE:DAN) last issued its quarterly earnings results on Monday, July 31st. The auto parts company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.17. Dana had a net margin of 10.80% and a return on equity of 30.79%. The business had revenue of $18.40 million for the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter in the previous year, the firm earned $0.53 earnings per share. The company’s revenue for the quarter was down 98.8% on a year-over-year basis. Analysts predict that Dana Incorporated will post $2.34 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 11th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend is Wednesday, August 9th. Dana’s dividend payout ratio is currently 5.10%.
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DAN has been the subject of a number of research reports. BidaskClub raised shares of Dana from a “hold” rating to a “buy” rating in a research report on Saturday, July 1st. Deutsche Bank AG reissued a “buy” rating and set a $23.00 target price (up from $22.00) on shares of Dana in a research report on Wednesday, May 3rd. Zacks Investment Research raised shares of Dana from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research report on Thursday, July 27th. Guggenheim initiated coverage on shares of Dana in a research report on Wednesday, June 21st. They set a “buy” rating and a $27.00 target price for the company. Finally, Barclays PLC reissued an “equal weight” rating and set a $26.00 target price (up from $24.00) on shares of Dana in a research report on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $23.50.
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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