Dana Incorporated (NYSE:DAN) Stock Holdings Cut by Yousif Capital Management LLC

Yousif Capital Management LLC lessened its position in Dana Incorporated (NYSE:DAN) by 1.9% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 55,732 shares of the auto parts company’s stock after selling 1,086 shares during the period. Yousif Capital Management LLC’s holdings in Dana were worth $743,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Sterling Capital Management LLC grew its holdings in Dana by 829.3% during the fourth quarter. Sterling Capital Management LLC now owns 4,182 shares of the auto parts company’s stock worth $48,000 after acquiring an additional 3,732 shares during the period. GAMMA Investing LLC boosted its position in shares of 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 purchasing an additional 40,394 shares in the last quarter. State of Tennessee Department of Treasury grew its stake in shares of Dana by 6.6% in the 4th quarter. State of Tennessee Department of Treasury now owns 54,271 shares of the auto parts company’s stock worth $627,000 after purchasing an additional 3,368 shares during the last quarter. MetLife Investment Management LLC grew its stake in shares of Dana by 6.1% in the 4th quarter. MetLife Investment Management LLC now owns 79,026 shares of the auto parts company’s stock worth $914,000 after purchasing an additional 4,531 shares during the last quarter. Finally, Great Lakes Advisors LLC raised its holdings in shares of Dana by 103.6% in the 4th quarter. Great Lakes Advisors LLC now owns 280,798 shares of the auto parts company’s stock worth $3,246,000 after purchasing an additional 142,850 shares in the last quarter. Institutional investors and hedge funds own 96.79% of the company’s stock.

Dana Price Performance

Shares of NYSE:DAN opened at $17.32 on Friday. The company’s fifty day moving average is $15.15 and its two-hundred day moving average is $14.10. The company has a market cap of $2.52 billion, a P/E ratio of -72.17, a price-to-earnings-growth ratio of 1.11 and a beta of 2.11. Dana Incorporated has a 12-month low of $7.58 and a 12-month high of $18.03. The company has a quick ratio of 0.85, a current ratio of 1.43 and a debt-to-equity ratio of 1.68.

Dana (NYSE:DAN) last issued its quarterly earnings results on Wednesday, April 30th. The auto parts company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.04). The business had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.28 billion. Dana had a negative net margin of 0.35% and a positive return on equity of 7.96%. The business’s quarterly revenue was down 14.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.02 EPS. Equities analysts expect that Dana Incorporated will post 1.5 earnings per share for the current fiscal year.

Dana Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, May 31st. Stockholders of record on Saturday, May 10th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.31%. Dana’s dividend payout ratio is -166.67%.

Wall Street Analyst Weigh In

DAN has been the subject of a number of research reports. Wells Fargo & Company restated a “buy” rating on shares of Dana in a report on Thursday, June 12th. Barclays reissued an “overweight” rating and set a $25.00 price objective (up from $20.00) on shares of Dana in a research note on Thursday, June 12th. UBS Group reaffirmed a “buy” rating and set a $22.00 target price (up from $20.00) on shares of Dana in a research report on Friday, June 13th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $24.00 target price (up from $20.00) on shares of Dana in a report on Thursday, June 12th. Finally, Wall Street Zen upgraded Dana from a “hold” rating to a “buy” rating in a research report on Thursday, May 22nd. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $20.43.

Dana Profile

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.