Caxton Associates LP lowered its stake in shares of Dana Inc (NYSE:DAN) by 51.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,129 shares of the auto parts company’s stock after selling 12,702 shares during the quarter. Caxton Associates LP’s holdings in Dana were worth $226,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Alps Advisors Inc. grew its holdings in shares of Dana by 8.8% during the second quarter. Alps Advisors Inc. now owns 48,011 shares of the auto parts company’s stock worth $969,000 after buying an additional 3,901 shares in the last quarter. Virginia Retirement Systems ET AL grew its holdings in shares of Dana by 190.7% during the second quarter. Virginia Retirement Systems ET AL now owns 25,000 shares of the auto parts company’s stock worth $505,000 after buying an additional 16,400 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Dana during the second quarter worth $793,000. Strs Ohio grew its holdings in shares of Dana by 12.4% during the second quarter. Strs Ohio now owns 73,200 shares of the auto parts company’s stock worth $1,477,000 after buying an additional 8,100 shares in the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of Dana by 204.7% during the second quarter. SG Americas Securities LLC now owns 139,526 shares of the auto parts company’s stock worth $2,817,000 after buying an additional 93,742 shares in the last quarter. 93.13% of the stock is currently owned by institutional investors and hedge funds.

Shares of DAN opened at $13.81 on Tuesday. The company has a quick ratio of 1.04, a current ratio of 1.65 and a debt-to-equity ratio of 1.29. Dana Inc has a 12-month low of $13.12 and a 12-month high of $35.27. The stock has a market capitalization of $1.97 billion, a P/E ratio of 4.73, a PEG ratio of 1.50 and a beta of 1.87.

Dana (NYSE:DAN) last announced its quarterly earnings data on Monday, October 29th. The auto parts company reported $0.77 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.02. Dana had a net margin of 2.79% and a return on equity of 34.30%. The firm had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the prior year, the firm posted $0.59 earnings per share. Dana’s quarterly revenue was up 8.0% on a year-over-year basis. Equities research analysts anticipate that Dana Inc will post 2.91 EPS for the current year.

The company also recently disclosed 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 2.90%. The ex-dividend date was Thursday, November 8th. Dana’s dividend payout ratio is currently 15.87%.

A number of equities research analysts have recently issued reports on DAN shares. Deutsche Bank started coverage on shares of Dana in a report on Thursday, December 13th. They set a “buy” rating for the company. Royal Bank of Canada reaffirmed a “buy” rating and set a $21.00 target price on shares of Dana in a report on Monday, October 29th. TheStreet lowered shares of Dana from a “b-” rating to a “c” rating in a report on Monday, October 29th. Zacks Investment Research raised shares of Dana from a “sell” rating to a “hold” rating in a report on Wednesday, October 31st. Finally, Bank of America lowered shares of Dana from a “buy” rating to a “neutral” rating and set a $21.00 target price for the company. in a report on Thursday, October 18th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $24.60.

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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.

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Institutional Ownership by Quarter for Dana (NYSE:DAN)

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