LSV Asset Management Purchases 28,400 Shares of Dana Inc (DAN)

LSV Asset Management raised its position in Dana Inc (NYSE:DAN) by 1.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,603,403 shares of the auto parts company’s stock after acquiring an additional 28,400 shares during the quarter. LSV Asset Management’s holdings in Dana were worth $46,184,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of DAN. Norges Bank acquired a new stake in Dana during the fourth quarter worth approximately $30,517,000. Frontier Capital Management Co. LLC raised its holdings in Dana by 117.6% during the fourth quarter. Frontier Capital Management Co. LLC now owns 2,814,475 shares of the auto parts company’s stock worth $38,361,000 after purchasing an additional 1,520,977 shares in the last quarter. Precision Path Capital LP raised its holdings in Dana by 270.3% during the fourth quarter. Precision Path Capital LP now owns 1,370,000 shares of the auto parts company’s stock worth $18,673,000 after purchasing an additional 1,000,000 shares in the last quarter. Two Sigma Investments LP raised its holdings in Dana by 150.9% during the fourth quarter. Two Sigma Investments LP now owns 1,384,880 shares of the auto parts company’s stock worth $18,876,000 after purchasing an additional 832,815 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in Dana by 373.8% during the first quarter. Assenagon Asset Management S.A. now owns 922,649 shares of the auto parts company’s stock worth $16,368,000 after purchasing an additional 727,918 shares in the last quarter. Institutional investors own 95.66% of the company’s stock.

Shares of Dana stock opened at $16.24 on Wednesday. The firm has a market capitalization of $2.28 billion, a PE ratio of 5.47, a price-to-earnings-growth ratio of 1.10 and a beta of 1.88. Dana Inc has a 12 month low of $12.65 and a 12 month high of $24.72. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.02 and a current ratio of 1.63.



Dana (NYSE:DAN) last announced its earnings results on Thursday, May 2nd. The auto parts company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.05. The business had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.18 billion. Dana had a net margin of 5.11% and a return on equity of 31.31%. The company’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.75 EPS. As a group, equities research analysts expect that Dana Inc will post 3.32 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be paid a $0.10 dividend. The ex-dividend date is Thursday, May 16th. This represents a $0.40 annualized dividend and a yield of 2.46%. Dana’s dividend payout ratio is currently 13.47%.

A number of analysts have weighed in on DAN shares. TheStreet raised shares of Dana from a “c” rating to a “b” rating in a report on Wednesday, February 20th. Zacks Investment Research raised shares of Dana from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a report on Tuesday, March 19th. Barclays reissued a “buy” rating and set a $24.00 price objective on shares of Dana in a report on Wednesday, March 13th. Buckingham Research set a $21.00 price objective on shares of Dana and gave the stock a “hold” rating in a report on Thursday, February 28th. Finally, Royal Bank of Canada raised their price objective on shares of Dana from $22.00 to $23.00 and gave the stock an “outperform” rating in a report on Tuesday, March 12th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $21.00.

In other Dana news, VP James D. Kellett sold 2,825 shares of the business’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $16.05, for a total value of $45,341.25. Following the transaction, the vice president now directly owns 2,704 shares of the company’s stock, valued at approximately $43,399.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.75% of the company’s stock.

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Dana Profile

Dana Incorporated provides drive and motion products, sealing solutions, thermal-management technologies, and fluid-power products to vehicle and engine manufacturer in North America, Europe, South America, and the Asia Pacific. The company operates in four segments: Light Vehicle Driveline Technologies, Commercial Vehicle Driveline Technologies, Off-Highway Drive and Motion Technologies, and Power Technologies.

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Institutional Ownership by Quarter for Dana (NYSE:DAN)

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