State of Alaska Department of Revenue decreased its position in shares of Dana Incorporated (NYSE:DAN – Free Report) by 47.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,357 shares of the auto parts company’s stock after selling 20,906 shares during the quarter. State of Alaska Department of Revenue’s holdings in Dana were worth $637,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of DAN. BlackRock Inc. acquired a new position in Dana in the 2nd quarter worth about $496,741,000. Nykredit A S bought a new position in Dana in the second quarter valued at about $84,700,000. JB Capital Partners LP acquired a new stake in shares of Dana during the second quarter valued at about $50,400,893. Bank of New York Mellon Corp acquired a new stake in shares of Dana during the second quarter valued at about $25,571,000. Finally, Bank of America Corp DE bought a new stake in shares of Dana during the second quarter worth about $17,276,000. Institutional investors and hedge funds own 96.79% of the company’s stock.
Dana Price Performance
Shares of DAN opened at $26.79 on Friday. The business has a 50-day moving average of $29.50 and a 200-day moving average of $30.91. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.49 and a quick ratio of 1.03. The company has a market capitalization of $2.67 billion, a price-to-earnings ratio of 53.26 and a beta of 2.05. Dana Incorporated has a 1 year low of $18.95 and a 1 year high of $39.56.
Dana (NYSE:DAN – Get Free Report) last issued its quarterly earnings results 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). Dana had a return on equity of 4.07% and a net margin of 14.55%. 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 firm posted $0.13 EPS. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. Dana has set its FY 2026 guidance at 1.750-2.250 EPS. As a group, equities research analysts anticipate that Dana Incorporated will post 1.92 earnings per share for the current year.
Dana Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 27th. Stockholders of record on Friday, November 6th will be issued a dividend of $0.12 per share. The ex-dividend date is Friday, November 6th. This represents a $0.48 annualized dividend and a dividend yield of 1.8%. Dana’s dividend payout ratio is currently 4.78%.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on DAN. Deutsche Bank Aktiengesellschaft lowered their price objective on Dana from $40.00 to $39.00 and set a “buy” rating for the company in a research note on Tuesday, July 7th. UBS Group cut their target price on shares of Dana from $38.00 to $36.00 and set a “buy” rating on the stock in a research report on Wednesday, October 7th. Royal Bank Of Canada boosted their target price on shares of Dana from $33.00 to $37.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Barclays upped their price target on shares of Dana from $33.00 to $35.00 and gave the company an “equal weight” rating in a research report on Friday, August 14th. Finally, Zacks Research cut shares of Dana from a “hold” rating to a “strong sell” rating in a research report on Friday, October 16th. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $36.67.
Check Out Our Latest Stock Analysis on DAN
Dana Company Profile
Dana Incorporated (NYSE: DAN) is a global supplier of drivetrain, motion, and thermal-management technologies for the automotive, commercial-vehicle, and off-highway industries. The company develops systems that help vehicles transmit power, manage heat, and operate efficiently across conventional, hybrid, and electric powertrains.
Dana’s products include axles, driveshafts, gearboxes, transmissions, sealing solutions, thermal-management systems, and components for electrified propulsion.
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