Squarepoint Ops LLC Acquires 120,978 Shares of Dana Incorporated $DAN

Squarepoint Ops LLC boosted its holdings in Dana Incorporated (NYSE:DAN) by 96.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 245,894 shares of the auto parts company’s stock after purchasing an additional 120,978 shares during the period. Squarepoint Ops LLC owned about 0.23% of Dana worth $6,691,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DAN. Nykredit A S bought a new stake in Dana during the 2nd quarter worth about $61,081,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Dana in the 2nd quarter valued at about $207,000. California State Teachers Retirement System increased its position in shares of Dana by 2,541.4% in the second quarter. California State Teachers Retirement System now owns 3,467,697 shares of the auto parts company’s stock valued at $94,356,000 after acquiring an additional 3,336,415 shares during the last quarter. BTG Pactual Asset Management US LLC acquired a new stake in shares of Dana in the second quarter valued at about $286,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in Dana by 1,439.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,816 shares of the auto parts company’s stock worth $49,000 after acquiring an additional 1,698 shares in the last quarter. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have weighed in on DAN. Weiss Ratings downgraded Dana from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Zacks Research upgraded Dana from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Dana from $40.00 to $39.00 and set a “buy” rating for the company in a research note on Tuesday, July 7th. UBS Group lowered their target price on shares of Dana from $39.00 to $38.00 and set a “buy” rating on the stock in a report on Friday, August 7th. Finally, Royal Bank Of Canada upped their price target on shares of Dana from $33.00 to $37.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $37.00.

Dana Price Performance

Shares of NYSE DAN opened at $30.67 on Friday. The business’s 50 day moving average price is $28.74 and its two-hundred day moving average price is $31.88. The company has a market cap of $3.30 billion, a PE ratio of 3.05 and a beta of 2.01. The company has a quick ratio of 1.03, a current ratio of 1.49 and a debt-to-equity ratio of 0.66. Dana Incorporated has a twelve month low of $17.74 and a twelve month high of $39.56.

Dana (NYSE:DAN) last released its quarterly earnings data 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 net margin of 14.55% and a return on equity of 4.07%. The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter in the prior year, the company earned $0.13 EPS. Dana’s quarterly revenue was up 3.9% on a year-over-year basis. Dana has set its FY 2026 guidance at 1.750-2.250 EPS. On average, analysts predict that Dana Incorporated will post 1.93 EPS for the current year.

Dana Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 7th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, August 7th. This represents a $0.48 annualized dividend and a yield of 1.6%. Dana’s dividend payout ratio (DPR) is currently 4.78%.

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.