85,815 Shares in Dana Incorporated $DAN Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio bought a new position in shares of Dana Incorporated (NYSE:DAN) during the second quarter, Holdings Channel reports. The fund bought 85,815 shares of the auto parts company’s stock, valued at approximately $2,335,000.

Several other hedge funds have also modified their holdings of DAN. BlackRock Inc. acquired a new position in shares of Dana in the 2nd quarter valued at $496,741,000. JB Capital Partners LP acquired a new stake in Dana during the 2nd quarter worth about $50,400,893. Bank of New York Mellon Corp acquired a new stake in Dana during the 2nd quarter worth about $25,571,000. SG Americas Securities LLC lifted its stake in Dana by 1,341.4% during the first quarter. SG Americas Securities LLC now owns 690,454 shares of the auto parts company’s stock valued at $23,234,000 after buying an additional 642,552 shares in the last quarter. Finally, Bank of America Corp DE purchased a new stake in Dana during the second quarter valued at about $17,276,000. 96.79% of the stock is owned by hedge funds and other institutional investors.

Dana Trading Up 1.6%

NYSE:DAN opened at $32.04 on Friday. The stock has a market cap of $3.45 billion, a PE ratio of 3.19 and a beta of 2.01. Dana Incorporated has a fifty-two week low of $17.74 and a fifty-two week high of $39.56. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.49 and a quick ratio of 1.03. The stock’s 50-day moving average is $28.35 and its two-hundred day moving average is $31.97.

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

Dana Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 7th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Friday, August 7th. Dana’s payout ratio is currently 4.78%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DAN. Wells Fargo & Company dropped their target price 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. Zacks Research downgraded shares of Dana from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 16th. Barclays raised their price objective on shares of Dana from $33.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Friday, August 14th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Dana from $40.00 to $39.00 and set a “buy” rating on the stock in a research note on Tuesday, July 7th. Finally, UBS Group reduced their target price on Dana from $39.00 to $38.00 and set a “buy” rating for the company in a report on Friday, August 7th. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus 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.