SG Americas Securities LLC Makes New $488,000 Investment in Dana Incorporated $DAN

SG Americas Securities LLC bought a new position in shares of Dana Incorporated (NYSE:DAN) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 24,353 shares of the auto parts company’s stock, valued at approximately $488,000.

Several other institutional investors have also recently made changes to their positions in the company. Loomis Sayles & Co. L P lifted its stake in shares of Dana by 4.2% in the 2nd quarter. Loomis Sayles & Co. L P now owns 1,102,729 shares of the auto parts company’s stock valued at $18,912,000 after purchasing an additional 44,010 shares during the period. Segall Bryant & Hamill LLC lifted its position in Dana by 6.4% during the second quarter. Segall Bryant & Hamill LLC now owns 194,338 shares of the auto parts company’s stock valued at $3,333,000 after buying an additional 11,711 shares during the period. Captrust Financial Advisors bought a new stake in shares of Dana during the 2nd quarter valued at $176,000. Rhumbline Advisers grew its position in shares of Dana by 2.2% in the 2nd quarter. Rhumbline Advisers now owns 401,017 shares of the auto parts company’s stock worth $6,877,000 after buying an additional 8,787 shares during the period. Finally, State of Tennessee Department of Treasury increased its stake in shares of Dana by 10.7% in the 2nd quarter. State of Tennessee Department of Treasury now owns 55,842 shares of the auto parts company’s stock worth $958,000 after acquiring an additional 5,405 shares in the last quarter. Institutional investors own 96.79% of the company’s stock.

Dana Stock Up 0.1%

DAN stock opened at $31.01 on Friday. The stock has a market capitalization of $3.62 billion, a P/E ratio of 68.90, a P/E/G ratio of 1.18 and a beta of 2.14. The company has a debt-to-equity ratio of 2.23, a current ratio of 1.31 and a quick ratio of 0.96. Dana Incorporated has a 1-year low of $10.11 and a 1-year high of $31.73. The business has a fifty day moving average price of $24.06 and a 200-day moving average price of $20.86.

Dana (NYSE:DAN) last released its quarterly earnings data on Wednesday, October 29th. The auto parts company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.09). Dana had a return on equity of 6.35% and a net margin of 0.64%.The business had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same quarter in the previous year, the business posted $0.12 earnings per share. Dana’s quarterly revenue was up 1.1% compared to the same quarter last year. Equities analysts forecast that Dana Incorporated will post 1.5 earnings per share for the current fiscal year.

Analyst Ratings Changes

DAN has been the topic of a number of recent research reports. Weiss Ratings restated a “hold (c)” rating on shares of Dana in a report on Monday, December 29th. Wells Fargo & Company boosted their price target on Dana from $24.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Thursday. Royal Bank Of Canada upped their price target on Dana from $26.00 to $32.00 and gave the stock an “outperform” rating in a research note on Thursday. Barclays raised their price objective on Dana from $27.00 to $32.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Zacks Research raised Dana from a “hold” rating to a “strong-buy” rating in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $32.17.

Dana Company 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.