Dana Incorporated (NYSE:DAN) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC lifted its position in Dana Incorporated (NYSE:DAN) by 81.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 58,274 shares of the auto parts company’s stock after acquiring an additional 26,225 shares during the quarter. SG Americas Securities LLC’s holdings in Dana were worth $615,000 as of its most recent filing with the SEC.

Separately, Rhumbline Advisers lifted its position in shares of Dana by 1.3% in the 2nd quarter. Rhumbline Advisers now owns 426,586 shares of the auto parts company’s stock valued at $5,170,000 after acquiring an additional 5,468 shares in the last quarter. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Dana Stock Performance

Shares of DAN opened at $11.19 on Tuesday. The company’s fifty day moving average is $10.54 and its 200-day moving average is $11.95. Dana Incorporated has a 12 month low of $9.16 and a 12 month high of $15.07. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 124.28, a price-to-earnings-growth ratio of 0.62 and a beta of 2.28. The company has a quick ratio of 0.90, a current ratio of 1.48 and a debt-to-equity ratio of 1.55.

Dana (NYSE:DAN) last announced its quarterly earnings results on Wednesday, July 31st. The auto parts company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.24 by $0.07. Dana had a negative net margin of 0.01% and a positive return on equity of 4.98%. The company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.76 billion. During the same quarter in the prior year, the business posted $0.37 EPS. Dana’s quarterly revenue was down .4% on a year-over-year basis. Equities analysts expect that Dana Incorporated will post 0.95 EPS for the current fiscal year.

Dana Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 9th were paid a $0.10 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $0.40 dividend on an annualized basis and a yield of 3.58%. Dana’s payout ratio is presently 444.44%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on DAN shares. Wolfe Research started coverage on shares of Dana in a research report on Thursday, September 5th. They issued a “peer perform” rating for the company. StockNews.com downgraded shares of Dana from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. UBS Group reduced their price target on shares of Dana from $14.00 to $12.00 and set a “neutral” rating for the company in a research report on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $12.00 target price on shares of Dana in a research report on Tuesday, September 10th. Finally, JPMorgan Chase & Co. cut their target price on shares of Dana from $18.00 to $17.00 and set an “overweight” rating for the company in a research report on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $14.00.

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.