SG Americas Securities LLC Raises Stock Position in Dana Incorporated $DAN

SG Americas Securities LLC boosted its stake in shares of Dana Incorporated (NYSE:DAN) by 1,341.4% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 690,454 shares of the auto parts company’s stock after acquiring an additional 642,552 shares during the period. SG Americas Securities LLC owned about 0.63% of Dana worth $23,234,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Tudor Investment Corp ET AL grew its position in shares of Dana by 1,706.3% in the third quarter. Tudor Investment Corp ET AL now owns 213,144 shares of the auto parts company’s stock valued at $4,271,000 after purchasing an additional 201,344 shares during the period. GAMMA Investing LLC raised its position in shares of Dana by 11.3% during the 4th quarter. GAMMA Investing LLC now owns 4,315 shares of the auto parts company’s stock worth $103,000 after purchasing an additional 439 shares during the last quarter. Segall Bryant & Hamill LLC lifted its stake in Dana by 6.8% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 207,608 shares of the auto parts company’s stock valued at $4,160,000 after buying an additional 13,270 shares in the last quarter. Loomis Sayles & Co. L P lifted its stake in Dana by 61.2% in the 4th quarter. Loomis Sayles & Co. L P now owns 1,591,768 shares of the auto parts company’s stock valued at $37,820,000 after buying an additional 604,246 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in Dana by 3.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 927,987 shares of the auto parts company’s stock worth $18,597,000 after buying an additional 27,712 shares during the last quarter. 96.79% of the stock is owned by hedge funds and other institutional investors.

Dana Trading Down 1.5%

DAN opened at $28.28 on Thursday. The firm has a market capitalization of $3.06 billion, a price-to-earnings ratio of 2.75 and a beta of 1.94. The company’s 50 day simple moving average is $34.41 and its two-hundred day simple moving average is $31.43. Dana Incorporated has a 1-year low of $15.31 and a 1-year high of $39.56. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.57 and a quick ratio of 1.09.

Dana (NYSE:DAN) last posted its quarterly earnings results on Friday, May 15th. The auto parts company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.18). Dana had a net margin of 15.12% and a return on equity of 3.56%. The company had revenue of $1.87 billion during the quarter. Analysts expect that Dana Incorporated will post 2.26 EPS for the current fiscal year.

Dana Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 8th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.7%. The ex-dividend date was Friday, May 8th. Dana’s dividend payout ratio is presently 4.66%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Weiss Ratings raised Dana from a “hold (c-)” rating to a “buy (b-)” rating in a report on Monday, May 18th. JPMorgan Chase & Co. lifted their price target on Dana from $39.00 to $45.00 and gave the stock an “overweight” rating in a research note on Thursday, April 23rd. Wells Fargo & Company dropped their price target on Dana from $36.00 to $33.00 and set an “equal weight” rating for the company in a research report on Friday, June 12th. Royal Bank Of Canada reissued an “outperform” rating and issued a $41.00 price objective on shares of Dana in a research note on Friday, June 12th. Finally, Zacks Research lowered Dana from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 16th. Six equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $39.67.

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.