Dana Incorporated (NYSE:DAN) Stock Position Trimmed by Strs Ohio

Strs Ohio cut its position in Dana Incorporated (NYSE:DAN) by 36.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 36,800 shares of the auto parts company’s stock after selling 21,200 shares during the quarter. Strs Ohio’s holdings in Dana were worth $537,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of DAN. Neo Ivy Capital Management bought a new stake in shares of Dana during the 3rd quarter worth about $1,602,000. Great Lakes Advisors LLC raised its position in shares of Dana by 93.6% during the 3rd quarter. Great Lakes Advisors LLC now owns 66,513 shares of the auto parts company’s stock worth $976,000 after buying an additional 32,163 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Dana during the 3rd quarter worth about $567,000. 96.79% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on DAN shares. Wells Fargo & Company dropped their price target on shares of Dana from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 21st. Barclays dropped their price target on shares of Dana from $16.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 28th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Dana from $19.00 to $18.00 and set an “overweight” rating on the stock in a research report on Monday, February 26th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Dana presently has an average rating of “Hold” and an average target price of $16.43.

Dana Stock Performance

Shares of DAN opened at $12.48 on Friday. The firm’s 50 day moving average is $12.34 and its 200-day moving average is $12.99. The stock has a market capitalization of $1.81 billion, a P/E ratio of 48.00, a P/E/G ratio of 0.35 and a beta of 2.49. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.58 and a quick ratio of 0.93. Dana Incorporated has a 12-month low of $11.10 and a 12-month high of $19.75.

Dana (NYSE:DAN) last released its earnings results on Tuesday, February 20th. The auto parts company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.06). The firm had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.58 billion. Dana had a return on equity of 7.37% and a net margin of 0.36%. The business’s revenue was down 2.4% on a year-over-year basis. During the same period last year, the business earned ($0.10) earnings per share. Equities research analysts anticipate that Dana Incorporated will post 0.99 EPS for the current fiscal year.

Dana Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 10th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 3.21%. The ex-dividend date is Thursday, May 9th. Dana’s dividend payout ratio (DPR) is currently 153.85%.

About Dana

Dana Incorporated, together with its subsidiaries, provides power-conveyance and energy-management solutions for vehicles and machinery in North America, Europe, South America, and the Asia Pacific. The company operates through four segments: Light Vehicle Drive Systems, Commercial Vehicle Drive and Motion Systems, Off-Highway Drive and Motion Systems, and Power Technologies.