Dana Incorporated $DAN Shares Sold by Great Lakes Advisors LLC

Great Lakes Advisors LLC trimmed its position in shares of Dana Incorporated (NYSE:DAN) by 9.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 279,330 shares of the auto parts company’s stock after selling 28,939 shares during the period. Great Lakes Advisors LLC owned approximately 0.21% of Dana worth $5,598,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. FNY Investment Advisers LLC purchased a new stake in Dana during the second quarter valued at about $25,000. Captrust Financial Advisors acquired a new position in shares of Dana in the 2nd quarter valued at about $176,000. SG Americas Securities LLC acquired a new position in shares of Dana in the 3rd quarter valued at about $488,000. Amalgamated Bank grew its holdings in shares of Dana by 3.5% during the 3rd quarter. Amalgamated Bank now owns 38,337 shares of the auto parts company’s stock worth $768,000 after purchasing an additional 1,279 shares during the period. Finally, State of Tennessee Department of Treasury increased its position in Dana by 10.7% during the 2nd quarter. State of Tennessee Department of Treasury now owns 55,842 shares of the auto parts company’s stock worth $958,000 after purchasing an additional 5,405 shares in the last quarter. 96.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on DAN. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dana in a research report on Monday, December 29th. UBS Group upped their price target on shares of Dana from $31.00 to $35.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Barclays raised their price objective on Dana from $27.00 to $32.00 and gave the company an “overweight” rating in a research report on Thursday, January 22nd. Royal Bank Of Canada upped their target price on Dana from $26.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday, January 22nd. Finally, Zacks Research upgraded Dana from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.17.

Dana Stock Down 0.4%

Shares of Dana stock opened at $28.89 on Friday. Dana Incorporated has a 1-year low of $10.11 and a 1-year high of $31.73. The company has a market capitalization of $3.38 billion, a PE ratio of 64.21, a P/E/G ratio of 1.23 and a beta of 2.14. The company has a debt-to-equity ratio of 2.23, a current ratio of 1.31 and a quick ratio of 0.96. The business has a 50-day moving average of $25.00 and a 200-day moving average of $21.26.

Dana (NYSE:DAN) last released its quarterly earnings results on Wednesday, October 29th. The auto parts company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.09). Dana had a return on equity of 6.35% and a net margin of 0.64%.The business had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.91 billion. During the same quarter last year, the firm posted $0.12 EPS. The company’s revenue was up 1.1% compared to the same quarter last year. As a group, equities analysts forecast that Dana Incorporated will post 1.5 EPS for the current fiscal year.

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.