Public Employees Retirement System of Ohio Invests $2.33 Million in Dana Incorporated $DAN

Public Employees Retirement System of Ohio acquired a new position in Dana Incorporated (NYSE:DAN) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 85,815 shares of the auto parts company’s stock, valued at approximately $2,335,000. Public Employees Retirement System of Ohio owned 0.08% of Dana as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in Dana during the 2nd quarter valued at about $496,741,000. Bessemer Group Inc. increased its stake in shares of Dana by 44.3% in the first quarter. Bessemer Group Inc. now owns 208,088 shares of the auto parts company’s stock valued at $7,002,000 after purchasing an additional 63,879 shares during the period. The Manufacturers Life Insurance Company acquired a new stake in shares of Dana in the second quarter valued at approximately $1,447,000. Deutsche Bank AG bought a new stake in shares of Dana during the second quarter valued at approximately $3,768,000. Finally, Hsbc Holdings PLC bought a new stake in shares of Dana during the second quarter valued at approximately $3,223,000. 96.79% of the stock is currently owned by institutional investors.

Dana Stock Up 1.6%

Shares of DAN stock opened at $32.04 on Friday. Dana Incorporated has a 1 year low of $17.74 and a 1 year high of $39.56. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.03 and a current ratio of 1.49. The business’s fifty day moving average is $28.35 and its 200-day moving average is $31.97. The stock has a market cap of $3.45 billion, a PE ratio of 3.19 and a beta of 2.01.

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

Dana Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 7th were paid a $0.12 dividend. The ex-dividend date of this dividend was Friday, August 7th. This represents a $0.48 annualized dividend and a dividend yield of 1.5%. Dana’s payout ratio is currently 4.78%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on DAN shares. Deutsche Bank Aktiengesellschaft decreased their price objective on Dana from $40.00 to $39.00 and set a “buy” rating for the company in a report on Tuesday, July 7th. Weiss Ratings downgraded Dana from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Zacks Research lowered Dana from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 16th. UBS Group decreased their price target on Dana from $39.00 to $38.00 and set a “buy” rating for the company in a research note on Friday, August 7th. Finally, Wells Fargo & Company decreased their target price on shares of Dana from $33.00 to $28.00 and set an “equal weight” rating for the company in a research report on Friday, August 7th. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price 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.