TCW Group Inc. reduced its stake in Dana Incorporated (NYSE:DAN) by 5.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,938,316 shares of the auto parts company’s stock after selling 242,595 shares during the period. TCW Group Inc. owned about 2.72% of Dana worth $110,115,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Dana by 11.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,055 shares of the auto parts company’s stock valued at $113,000 after purchasing an additional 520 shares in the last quarter. ETRADE Capital Management LLC acquired a new stake in shares of Dana in the 2nd quarter valued at approximately $205,000. US Bancorp DE boosted its stake in shares of Dana by 1.4% in the 2nd quarter. US Bancorp DE now owns 9,605 shares of the auto parts company’s stock valued at $214,000 after purchasing an additional 129 shares in the last quarter. Riverhead Capital Management LLC boosted its stake in shares of Dana by 70.4% in the 2nd quarter. Riverhead Capital Management LLC now owns 10,056 shares of the auto parts company’s stock valued at $225,000 after purchasing an additional 4,156 shares in the last quarter. Finally, Oakbrook Investments LLC boosted its stake in shares of Dana by 2.9% in the 2nd quarter. Oakbrook Investments LLC now owns 10,700 shares of the auto parts company’s stock valued at $239,000 after purchasing an additional 300 shares in the last quarter. Institutional investors own 94.99% of the company’s stock.
A number of equities research analysts have recently weighed in on the stock. B. Riley restated a “neutral” rating on shares of Dana in a research note on Wednesday, November 1st. Barclays PLC restated an “equal weight” rating and issued a $26.00 price target (up from $24.00) on shares of Dana in a research note on Wednesday, August 2nd. Buckingham Research raised their price target on shares of Dana from $23.00 to $25.00 and gave the company a “neutral” rating in a research note on Wednesday, August 2nd. BidaskClub downgraded shares of Dana from a “buy” rating to a “hold” rating in a research note on Saturday, August 12th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $27.00 price target on shares of Dana in a research note on Thursday, October 5th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $27.00.
In other news, Director Terrence J. Keating sold 2,321 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $29.62, for a total value of $68,748.02. Following the transaction, the director now owns 52,140 shares in the company, valued at approximately $1,544,386.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Rodney R. Filcek sold 3,292 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $30.18, for a total transaction of $99,352.56. Following the completion of the transaction, the senior vice president now owns 50,251 shares in the company, valued at approximately $1,516,575.18. The disclosure for this sale can be found here. Insiders sold a total of 59,759 shares of company stock worth $1,773,750 in the last 90 days. Corporate insiders own 1.60% of the company’s stock.
Dana Incorporated (DAN) traded up $0.08 during trading hours on Tuesday, reaching $30.65. 1,506,600 shares of the company traded hands, compared to its average volume of 1,498,504. The company has a current ratio of 1.72, a quick ratio of 1.17 and a debt-to-equity ratio of 1.36. Dana Incorporated has a twelve month low of $16.02 and a twelve month high of $31.91. The firm has a market cap of $4,428.71, a P/E ratio of 12.28 and a beta of 1.64.
Dana (NYSE:DAN) last posted its earnings results on Thursday, October 26th. The auto parts company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.56 by $0.03. The business had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.71 billion. Dana had a net margin of 10.27% and a return on equity of 29.34%. The firm’s revenue was up 32.3% compared to the same quarter last year. During the same period last year, the company earned $0.49 EPS. equities analysts predict that Dana Incorporated will post 2.43 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 10th will be given a $0.06 dividend. The ex-dividend date is Thursday, November 9th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.78%. Dana’s dividend payout ratio (DPR) is currently 5.02%.
Dana Incorporated, formerly Dana Holding Corporation, is a global provider of technology driveline, sealing and thermal-management products. The Company operates in four segments: Light Vehicle Driveline Technologies (Light Vehicle), Commercial Vehicle Driveline Technologies (Commercial Vehicle), Off-Highway Driveline Technologies (Off-Highway) and Power Technologies.
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