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.
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.
ILLEGAL ACTIVITY WARNING: This story was posted by Dakota Financial News and is the sole property of of Dakota Financial News. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of US and international trademark and copyright law. The legal version of this story can be read at https://dakotafinancialnews.com/2019/05/22/lsv-asset-management-purchases-28400-shares-of-dana-inc-dan.html.
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.
Read More: Day Trading – Risk Worth the Reward?
Want to see what other hedge funds are holding DAN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dana Inc (NYSE:DAN).
Receive News & Ratings for Dana Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dana and related companies with MarketBeat.com's FREE daily email newsletter.