Dana Incorporated (NYSE:DAN) Stock Position Trimmed by Rhumbline Advisers

Rhumbline Advisers cut its position in Dana Incorporated (NYSE:DAN) by 3.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 392,230 shares of the auto parts company’s stock after selling 12,256 shares during the quarter. Rhumbline Advisers owned about 0.27% of Dana worth $5,228,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Sterling Capital Management LLC lifted its position in Dana by 829.3% in the 4th quarter. Sterling Capital Management LLC now owns 4,182 shares of the auto parts company’s stock valued at $48,000 after purchasing an additional 3,732 shares during the last quarter. GAMMA Investing LLC increased its stake in Dana by 1,495.0% during the 1st quarter. GAMMA Investing LLC now owns 43,096 shares of the auto parts company’s stock valued at $574,000 after buying an additional 40,394 shares during the period. State of Tennessee Department of Treasury increased its stake in Dana by 6.6% during the 4th quarter. State of Tennessee Department of Treasury now owns 54,271 shares of the auto parts company’s stock valued at $627,000 after buying an additional 3,368 shares during the period. Yousif Capital Management LLC increased its stake in Dana by 2.0% during the 4th quarter. Yousif Capital Management LLC now owns 56,818 shares of the auto parts company’s stock valued at $657,000 after buying an additional 1,130 shares during the period. Finally, MetLife Investment Management LLC increased its stake in Dana by 6.1% during the 4th quarter. MetLife Investment Management LLC now owns 79,026 shares of the auto parts company’s stock valued at $914,000 after buying an additional 4,531 shares during the period. 96.79% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on DAN shares. Wall Street Zen raised shares of Dana from a “hold” rating to a “buy” rating in a research note on Thursday, May 22nd. Royal Bank of Canada raised their target price on shares of Dana from $20.00 to $24.00 and gave the company an “outperform” rating in a research note on Thursday. Wells Fargo & Company raised their target price on shares of Dana from $15.00 to $17.00 and gave the company an “equal weight” rating in a research note on Thursday. UBS Group raised their target price on shares of Dana from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, May 1st. Finally, Barclays raised their target price on shares of Dana from $20.00 to $25.00 and gave the company an “overweight” rating in a research note on Thursday. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Dana presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.14.

Dana Stock Performance

Shares of DAN opened at $17.45 on Friday. The firm’s 50 day moving average is $14.52 and its 200-day moving average is $13.86. The stock has a market capitalization of $2.54 billion, a P/E ratio of -44.74, a P/E/G ratio of 0.72 and a beta of 2.11. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.45 and a quick ratio of 0.86. Dana Incorporated has a 12-month low of $7.58 and a 12-month high of $18.03.

Dana (NYSE:DAN) last announced its quarterly earnings data on Wednesday, April 30th. The auto parts company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.04). The business had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.28 billion. Dana had a positive return on equity of 6.70% and a negative net margin of 0.55%. The business’s revenue for the quarter was down 14.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.02 EPS. Equities research analysts anticipate that Dana Incorporated will post 1.5 EPS for the current fiscal year.

Dana Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, May 31st. Shareholders of record on Saturday, May 10th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.29%. Dana’s payout ratio is -166.67%.

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.