PDT Partners LLC Takes Position in Dana Incorporated $DAN

PDT Partners LLC bought a new position in shares of Dana Incorporated (NYSE:DAN) in the 2nd quarter, HoldingsChannel reports. The fund bought 386,747 shares of the auto parts company’s stock, valued at approximately $10,523,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its position in Dana by 39.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,580 shares of the auto parts company’s stock valued at $38,000 after acquiring an additional 445 shares in the last quarter. Parallel Advisors LLC increased its holdings in Dana by 105.2% during the 1st quarter. Parallel Advisors LLC now owns 1,925 shares of the auto parts company’s stock worth $65,000 after purchasing an additional 987 shares in the last quarter. Plato Investment Management Ltd bought a new stake in Dana during the 2nd quarter worth approximately $45,000. Pinnacle Holdings LLC purchased a new stake in shares of Dana in the second quarter worth approximately $49,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Dana in the second quarter worth approximately $49,000. Institutional investors and hedge funds own 96.79% of the company’s stock.

Dana Stock Performance

NYSE DAN opened at $30.20 on Wednesday. The company has a market capitalization of $3.25 billion, a PE ratio of 3.01 and a beta of 1.99. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.03 and a current ratio of 1.49. Dana Incorporated has a 52-week low of $17.74 and a 52-week high of $39.56. The company has a 50-day simple moving average of $28.07 and a 200 day simple moving average of $32.07.

Dana (NYSE:DAN) last released its earnings results on Thursday, August 6th. The auto parts company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.51). Dana had a net margin of 14.55% and a return on equity of 4.07%. The company had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.93 billion. During the same quarter in the previous year, the firm earned $0.13 earnings per share. The firm’s revenue was up 3.9% compared to the same quarter last year. Dana has set its FY 2026 guidance at 1.750-2.250 EPS. On average, research analysts predict that Dana Incorporated will post 1.93 EPS for the current year.

Dana Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 7th will be paid a $0.12 dividend. The ex-dividend date is Friday, August 7th. This represents a $0.48 annualized dividend and a yield of 1.6%. Dana’s dividend payout ratio is presently 4.78%.

Analyst Ratings Changes

DAN has been the topic of a number of recent research reports. UBS Group dropped their target price on Dana from $39.00 to $38.00 and set a “buy” rating on the stock in a report on Friday, August 7th. Deutsche Bank Aktiengesellschaft decreased their price target on Dana from $40.00 to $39.00 and set a “buy” rating for the company in a report on Tuesday, July 7th. Barclays raised their price objective on Dana from $33.00 to $35.00 and gave the company an “equal weight” rating in a research note on Friday, August 14th. Royal Bank Of Canada lifted their price objective on shares of Dana from $33.00 to $37.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Finally, Wells Fargo & Company reduced their target price on shares of Dana from $33.00 to $28.00 and set an “equal weight” rating for the company in a research note on Friday, August 7th. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $37.00.

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.