Cibc World Market Inc. purchased a new stake in Dana Incorporated (NYSE:DAN – Free Report) during the second quarter, HoldingsChannel.com reports. The firm purchased 97,005 shares of the auto parts company’s stock, valued at approximately $2,640,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. EverSource Wealth Advisors LLC raised its position in shares of Dana by 39.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,580 shares of the auto parts company’s stock worth $38,000 after buying an additional 445 shares during the period. Parallel Advisors LLC increased its holdings in Dana by 105.2% in the 1st quarter. Parallel Advisors LLC now owns 1,925 shares of the auto parts company’s stock valued at $65,000 after purchasing an additional 987 shares in the last quarter. Plato Investment Management Ltd purchased a new position in Dana in the second quarter valued at about $45,000. Pinnacle Holdings LLC purchased a new position in Dana in the second quarter valued at about $49,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in shares of Dana during the second quarter worth about $49,000. 96.79% of the stock is currently owned by institutional investors and hedge funds.
Dana Stock Performance
Shares of Dana stock opened at $30.04 on Thursday. The stock’s fifty day simple moving average is $28.11 and its 200 day simple moving average is $32.06. The company has a current ratio of 1.49, a quick ratio of 1.03 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $3.23 billion, a PE ratio of 2.99 and a beta of 1.99. Dana Incorporated has a 12 month low of $17.74 and a 12 month high of $39.56.
Dana Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 7th will be given 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 of this dividend is Friday, August 7th. Dana’s dividend payout ratio is currently 4.78%.
Analysts Set New Price Targets
DAN has been the topic of a number of recent research reports. Weiss Ratings cut shares of Dana from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Deutsche Bank Aktiengesellschaft cut their price target on Dana from $40.00 to $39.00 and set a “buy” rating on the stock in a research note on Tuesday, July 7th. Barclays increased their price target on Dana from $33.00 to $35.00 and gave the company an “equal weight” rating in a report on Friday, August 14th. Zacks Research lowered shares of Dana from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 16th. Finally, UBS Group decreased their price objective on shares of Dana from $39.00 to $38.00 and set a “buy” rating for the company in a report on Friday, August 7th. Four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $37.00.
Read Our Latest Stock Analysis on Dana
Dana Profile
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.
Featured Articles
- Five stocks we like better than Dana
- Williams-Sonoma’s Quarter Gave Bulls More Than Just a Beat-and-Raise
- Alcoa’s Gallium Project Opens a New Door Beyond Aluminum
- Oura’s $16 Billion IPO Could Put a New Price on Wearable Tech
- Can Tesla’s Flying Roadster Distract From Its Real Risks?
Want to see what other hedge funds are holding DAN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dana Incorporated (NYSE:DAN – Free Report).
Receive News & Ratings for Dana Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dana and related companies with MarketBeat.com's FREE daily email newsletter.
