Dana Incorporated $DAN Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue cut its stake in Dana Incorporated (NYSE:DAN) by 47.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 23,357 shares of the auto parts company’s stock after selling 20,906 shares during the quarter. State of Alaska Department of Revenue’s holdings in Dana were worth $637,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. BlackRock Inc. purchased a new position in shares of Dana during the second quarter valued at approximately $496,741,000. Nykredit A S bought a new stake in Dana during the second quarter worth $84,700,000. JB Capital Partners LP bought a new stake in Dana during the second quarter worth $50,400,893. Bank of New York Mellon Corp purchased a new stake in Dana in the 2nd quarter valued at $25,571,000. Finally, Bank of America Corp DE purchased a new stake in Dana in the 2nd quarter valued at $17,276,000. Institutional investors own 96.79% of the company’s stock.

Dana Stock Down 5.1%

DAN opened at $26.79 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.49 and a debt-to-equity ratio of 0.66. The stock has a market cap of $2.67 billion, a price-to-earnings ratio of 53.26 and a beta of 2.05. Dana Incorporated has a twelve month low of $18.95 and a twelve month high of $39.56. The company’s 50-day moving average price is $29.50 and its two-hundred day moving average price is $30.91.

Dana (NYSE:DAN) last issued its quarterly earnings results on Thursday, August 6th. The auto parts company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.51). Dana had a return on equity of 4.07% and a net margin of 14.55%. The company had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.93 billion. During the same quarter in the previous year, the business earned $0.13 EPS. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. Dana has set its FY 2026 guidance at 1.750-2.250 EPS. As a group, equities analysts expect that Dana Incorporated will post 1.92 earnings per share for the current year.

Dana Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Friday, November 6th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Friday, November 6th. Dana’s dividend payout ratio is 4.78%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on DAN. Royal Bank Of Canada raised their price objective on Dana from $33.00 to $37.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. UBS Group reduced their target price on shares of Dana from $38.00 to $36.00 and set a “buy” rating for the company in a research note on Wednesday, October 7th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Dana from $40.00 to $39.00 and set a “buy” rating for the company in a report on Tuesday, July 7th. Wells Fargo & Company dropped their price target on shares of Dana from $33.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Friday, August 7th. Finally, Zacks Research cut shares of Dana from a “hold” rating to a “strong sell” rating in a report on Friday, October 16th. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Dana currently has a consensus rating of “Hold” and a consensus target price of $36.67.

Dana Profile

Dana Incorporated (NYSE: DAN) is a global supplier of drivetrain, motion, and thermal-management technologies for the automotive, commercial-vehicle, and off-highway industries. The company develops systems that help vehicles transmit power, manage heat, and operate efficiently across conventional, hybrid, and electric powertrains.

Dana’s products include axles, driveshafts, gearboxes, transmissions, sealing solutions, thermal-management systems, and components for electrified propulsion.