Ontario Teachers Pension Plan Board Cuts Stake in Dana Incorporated (NYSE:DAN)

Ontario Teachers Pension Plan Board decreased its holdings in Dana Incorporated (NYSE:DANFree Report) by 78.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 22,914 shares of the auto parts company’s stock after selling 85,403 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Dana were worth $335,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Handelsbanken Fonder AB boosted its stake in shares of Dana by 71.5% in the 4th quarter. Handelsbanken Fonder AB now owns 35,490 shares of the auto parts company’s stock valued at $519,000 after purchasing an additional 14,800 shares in the last quarter. Great Lakes Advisors LLC raised its holdings in Dana by 93.6% during the 3rd quarter. Great Lakes Advisors LLC now owns 66,513 shares of the auto parts company’s stock valued at $976,000 after buying an additional 32,163 shares during the last quarter. Neo Ivy Capital Management bought a new stake in Dana during the 3rd quarter valued at $1,602,000. Finally, Knights of Columbus Asset Advisors LLC raised its holdings in Dana by 164.0% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 284,582 shares of the auto parts company’s stock valued at $4,158,000 after buying an additional 176,778 shares during the last quarter. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Dana Stock Up 3.1 %

Shares of NYSE DAN opened at $14.00 on Monday. The company has a current ratio of 1.60, a quick ratio of 0.97 and a debt-to-equity ratio of 1.61. Dana Incorporated has a 12 month low of $11.10 and a 12 month high of $19.75. The firm has a market capitalization of $2.03 billion, a PE ratio of 155.57, a price-to-earnings-growth ratio of 0.43 and a beta of 2.46. The firm has a fifty day simple moving average of $12.83 and a two-hundred day simple moving average of $13.15.

Dana (NYSE:DANGet Free Report) last issued its quarterly earnings results on Tuesday, April 30th. The auto parts company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.08). The business had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.69 billion. Dana had a return on equity of 5.42% and a net margin of 0.12%. The firm’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.25 earnings per share. Equities analysts expect that Dana Incorporated will post 0.91 earnings per share for the current year.

Dana Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 10th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $0.40 annualized dividend and a dividend yield of 2.86%. Dana’s payout ratio is 444.49%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Wells Fargo & Company lowered their price target on shares of Dana from $14.00 to $13.00 and set an “equal weight” rating for the company in a report on Wednesday, February 21st. Oppenheimer upped their price target on shares of Dana from $17.00 to $18.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. JPMorgan Chase & Co. lowered their price target on shares of Dana from $19.00 to $18.00 and set an “overweight” rating for the company in a report on Monday, February 26th. Finally, Barclays decreased their price objective on shares of Dana from $16.00 to $15.00 and set an “equal weight” rating for the company in a report on Wednesday, February 28th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Dana has an average rating of “Hold” and a consensus price target of $16.67.

Get Our Latest Stock Report on Dana

Dana Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Dana (NYSE:DAN)

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