Bessemer Group Inc. Has $7 Million Holdings in Dana Incorporated $DAN

Bessemer Group Inc. increased its stake in Dana Incorporated (NYSE:DAN) by 44.3% in the first quarter, Holdings Channel.com reports. The firm owned 208,088 shares of the auto parts company’s stock after purchasing an additional 63,879 shares during the quarter. Bessemer Group Inc.’s holdings in Dana were worth $7,002,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Captrust Financial Advisors acquired a new stake in shares of Dana in the 2nd quarter valued at about $176,000. State of Tennessee Department of Treasury boosted its position in shares of Dana by 10.7% during the second quarter. State of Tennessee Department of Treasury now owns 55,842 shares of the auto parts company’s stock worth $958,000 after buying an additional 5,405 shares during the period. Russell Investments Group Ltd. grew its holdings in shares of Dana by 3.1% during the third 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 in the last quarter. Entropy Technologies LP grew its holdings in shares of Dana by 266.2% during the third quarter. Entropy Technologies LP now owns 37,303 shares of the auto parts company’s stock worth $748,000 after buying an additional 27,116 shares in the last quarter. Finally, Horizon Investments LLC acquired a new stake in Dana in the 3rd quarter valued at approximately $553,000. Institutional investors own 96.79% of the company’s stock.

Wall Street Analyst Weigh In

DAN has been the topic of several research reports. Barclays cut Dana from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $41.00 to $33.00 in a research note on Thursday, July 2nd. Weiss Ratings downgraded shares of Dana from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, July 6th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Dana from $40.00 to $39.00 and set a “buy” rating on the stock in a report on Tuesday, July 7th. Zacks Research lowered shares of Dana from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 16th. Finally, Royal Bank Of Canada reduced their target price on shares of Dana from $41.00 to $33.00 and set an “outperform” rating for the company in a report on Monday, July 13th. Four research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Dana currently has a consensus rating of “Hold” and an average target price of $37.00.

Dana Price Performance

NYSE:DAN opened at $26.57 on Monday. Dana Incorporated has a 52-week low of $15.31 and a 52-week high of $39.56. The company has a market cap of $2.88 billion, a P/E ratio of 2.58 and a beta of 1.99. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.09 and a current ratio of 1.57. The stock’s 50-day simple moving average is $30.99 and its 200 day simple moving average is $31.86.

Dana (NYSE:DAN) last issued its quarterly earnings results on Friday, May 15th. The auto parts company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.18). The company had revenue of $1.87 billion for the quarter. Dana had a net margin of 15.12% and a return on equity of 3.56%. As a group, sell-side analysts forecast that Dana Incorporated will post 2.07 EPS for the current fiscal year.

Dana Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 8th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, May 8th. Dana’s dividend payout ratio is presently 4.66%.

About Dana

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.