JPMorgan Chase & Co. boosted its position in shares of Dana Inc (NYSE:DAN) by 8.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,506,002 shares of the auto parts company’s stock after acquiring an additional 117,044 shares during the period. JPMorgan Chase & Co. owned 1.04% of Dana worth $42,198,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of DAN. Janus Henderson Group PLC purchased a new position in Dana during the second quarter valued at approximately $41,249,000. Frontier Capital Management Co. LLC grew its stake in Dana by 163.7% during the second quarter. Frontier Capital Management Co. LLC now owns 2,875,693 shares of the auto parts company’s stock valued at $64,214,000 after acquiring an additional 1,784,986 shares in the last quarter. Northern Trust Corp grew its stake in Dana by 32.5% during the second quarter. Northern Trust Corp now owns 3,070,975 shares of the auto parts company’s stock valued at $68,574,000 after acquiring an additional 753,716 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Dana by 12.6% during the second quarter. Dimensional Fund Advisors LP now owns 4,342,803 shares of the auto parts company’s stock valued at $96,975,000 after acquiring an additional 484,520 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in Dana by 14.2% during the second quarter. Goldman Sachs Group Inc. now owns 3,884,437 shares of the auto parts company’s stock valued at $86,740,000 after acquiring an additional 481,611 shares in the last quarter. 96.49% of the stock is owned by institutional investors.

DAN has been the subject of several recent analyst reports. Royal Bank Of Canada reaffirmed a “buy” rating and set a $27.00 price objective on shares of Dana in a research note on Thursday, October 5th. Zacks Investment Research cut shares of Dana from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 17th. UBS boosted their price objective on shares of Dana from $24.00 to $29.00 and gave the company a “neutral” rating in a research note on Thursday, October 19th. Barclays set a $28.00 price objective on shares of Dana and gave the company a “hold” rating in a research note on Friday, October 20th. Finally, FBR & Co reaffirmed a “neutral” rating and set a $25.00 price objective (up previously from $17.00) on shares of Dana in a research note on Friday, October 27th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $28.00.

Shares of Dana Inc (NYSE DAN) opened at $32.02 on Monday. Dana Inc has a 1 year low of $17.53 and a 1 year high of $33.45. The stock has a market cap of $4,638.77, a P/E ratio of 12.86 and a beta of 1.67. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.17 and a current ratio of 1.72.

Dana (NYSE:DAN) last announced its earnings results on Thursday, October 26th. The auto parts company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.03. Dana had a net margin of 10.27% and a return on equity of 29.34%. The business had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same period in the previous year, the business posted $0.49 earnings per share. Dana’s revenue for the quarter was up 32.3% on a year-over-year basis. equities research analysts anticipate that Dana Inc will post 2.45 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Friday, November 10th were issued a $0.06 dividend. The ex-dividend date was Thursday, November 9th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.75%. Dana’s payout ratio is 5.02%.

In other news, Director Terrence J. Keating sold 2,321 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $29.62, for a total value of $68,748.02. Following the completion of the sale, the director now directly owns 52,140 shares in the company, valued at approximately $1,544,386.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO James Kevin Kamsickas sold 57,003 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $31.01, for a total transaction of $1,767,663.03. Following the completion of the sale, the chief executive officer now owns 96,312 shares of the company’s stock, valued at $2,986,635.12. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 124,085 shares of company stock valued at $3,776,775. Company insiders own 1.60% of the company’s stock.

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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.

Institutional Ownership by Quarter for Dana (NYSE:DAN)

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