Hsbc Holdings PLC Takes $3.22 Million Position in Dana Incorporated $DAN

Hsbc Holdings PLC purchased a new position in Dana Incorporated (NYSE:DAN) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 119,377 shares of the auto parts company’s stock, valued at approximately $3,223,000.

Several other institutional investors have also made changes to their positions in the stock. EverSource Wealth Advisors LLC grew its position in Dana by 39.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,580 shares of the auto parts company’s stock valued at $38,000 after purchasing an additional 445 shares in the last quarter. Plato Investment Management Ltd purchased a new stake in Dana in the 2nd quarter worth approximately $45,000. Pinnacle Holdings LLC acquired a new stake in shares of Dana during the 2nd quarter valued at $49,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Dana during the 2nd quarter valued at $49,000. Finally, Parallel Advisors LLC grew its holdings in shares of Dana by 105.2% during the 1st quarter. Parallel Advisors LLC now owns 1,925 shares of the auto parts company’s stock valued at $65,000 after acquiring an additional 987 shares in the last quarter. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Dana Stock Up 0.9%

Dana stock opened at $30.33 on Friday. The company has a market capitalization of $3.26 billion, a P/E ratio of 3.02 and a beta of 1.99. The firm’s fifty day simple moving average is $28.15 and its 200-day simple moving average is $32.04. The company has a current ratio of 1.49, a quick ratio of 1.03 and a debt-to-equity ratio of 0.66. Dana Incorporated has a 1-year low of $17.74 and a 1-year high of $39.56.

Dana (NYSE:DAN) last issued its quarterly earnings data on Thursday, August 6th. The auto parts company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.51). The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.93 billion. Dana had a return on equity of 4.07% and a net margin of 14.55%.The company’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.13 earnings per share. Dana has set its FY 2026 guidance at 1.750-2.250 EPS. Sell-side analysts forecast that Dana Incorporated will post 1.93 earnings per share for the current fiscal year.

Dana Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 7th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Friday, August 7th. Dana’s dividend payout ratio is 4.78%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on DAN shares. Weiss Ratings downgraded shares of Dana from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. UBS Group reduced their price objective on Dana from $39.00 to $38.00 and set a “buy” rating for the company in a research report on Friday, August 7th. Wells Fargo & Company lowered their target price on Dana from $33.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Friday, August 7th. Barclays upped their target price on Dana from $33.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Friday, August 14th. Finally, Zacks Research lowered Dana from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 16th. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $37.00.

About Dana

Dana Incorporated is a global leader in the design and manufacture of drivetrain, sealing, and thermal-management technologies for the automotive, commercial vehicle, off-highway and industrial markets. The company’s product portfolio includes axles, driveshafts, transmissions, e-Propulsion systems and thermal-management assemblies that help improve fuel efficiency, reduce emissions and enhance vehicle performance. Dana’s expertise spans internal combustion and electrified powertrains, positioning it to support both traditional and next-generation mobility solutions.

Founded in 1904 by Clarence W.