SG Americas Securities LLC Raises Stock Position in Dana Incorporated $DAN

SG Americas Securities LLC boosted its position in shares of Dana Incorporated (NYSE:DAN) by 1,341.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 690,454 shares of the auto parts company’s stock after purchasing an additional 642,552 shares during the period. SG Americas Securities LLC’s holdings in Dana were worth $23,234,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Loomis Sayles & Co. L P grew its stake in shares of Dana by 61.2% in the 4th quarter. Loomis Sayles & Co. L P now owns 1,591,768 shares of the auto parts company’s stock valued at $37,820,000 after buying an additional 604,246 shares during the period. Tudor Investment Corp ET AL raised its position in shares of Dana by 1,706.3% during the 3rd quarter. Tudor Investment Corp ET AL now owns 213,144 shares of the auto parts company’s stock valued at $4,271,000 after buying an additional 201,344 shares during the period. Russell Investments Group Ltd. lifted its holdings in Dana by 3.1% in the third quarter. Russell Investments Group Ltd. now owns 927,987 shares of the auto parts company’s stock valued at $18,597,000 after acquiring an additional 27,712 shares during the last quarter. Horizon Investments LLC acquired a new position in Dana in the third quarter valued at approximately $553,000. Finally, Entropy Technologies LP grew its position in Dana by 266.2% in the third quarter. Entropy Technologies LP now owns 37,303 shares of the auto parts company’s stock worth $748,000 after acquiring an additional 27,116 shares during the period. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on DAN. Wall Street Zen downgraded Dana from a “buy” rating to a “hold” rating in a research report on Sunday, April 19th. UBS Group increased their price target on Dana from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Tuesday, April 14th. Zacks Research downgraded Dana from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 16th. Wells Fargo & Company reduced their price objective on shares of Dana from $36.00 to $33.00 and set an “equal weight” rating on the stock in a report on Friday, June 12th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $41.00 target price on shares of Dana in a research report on Friday, June 12th. Six investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $39.67.

Dana Trading Down 1.5%

Shares of DAN stock opened at $28.28 on Thursday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.09 and a current ratio of 1.57. The stock has a market capitalization of $3.06 billion, a P/E ratio of 2.75 and a beta of 1.94. The company has a 50 day moving average price of $34.41 and a 200 day moving average price of $31.43. Dana Incorporated has a fifty-two week low of $15.31 and a fifty-two week high of $39.56.

Dana (NYSE:DAN) last announced its earnings results on Friday, May 15th. The auto parts company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.18). The business had revenue of $1.87 billion for the quarter. Dana had a return on equity of 3.56% and a net margin of 15.12%. Equities research analysts predict that Dana Incorporated will post 2.26 EPS for the current fiscal year.

Dana Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 8th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, May 8th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.7%. Dana’s dividend payout ratio is currently 4.66%.

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.