Dana Inc (DAN) Stake Lessened by Robotti Robert

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Robotti Robert lowered its position in Dana Inc (NYSE:DAN) by 26.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 185,475 shares of the auto parts company’s stock after selling 67,470 shares during the period. Dana accounts for approximately 1.0% of Robotti Robert’s portfolio, making the stock its 27th largest position. Robotti Robert owned 0.13% of Dana worth $2,528,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Virginia Retirement Systems ET AL lifted its position in shares of Dana by 2.4% in the 4th quarter. Virginia Retirement Systems ET AL now owns 25,900 shares of the auto parts company’s stock worth $353,000 after purchasing an additional 600 shares during the period. Retirement Systems of Alabama increased its stake in Dana by 0.4% during the 4th quarter. Retirement Systems of Alabama now owns 187,564 shares of the auto parts company’s stock valued at $2,556,000 after purchasing an additional 766 shares in the last quarter. Verity Asset Management Inc. increased its stake in Dana by 3.7% during the 4th quarter. Verity Asset Management Inc. now owns 23,144 shares of the auto parts company’s stock valued at $315,000 after purchasing an additional 831 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its stake in Dana by 9.0% during the 4th quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 11,313 shares of the auto parts company’s stock valued at $154,000 after purchasing an additional 938 shares in the last quarter. Finally, Arizona State Retirement System increased its stake in Dana by 1.2% during the 4th quarter. Arizona State Retirement System now owns 103,830 shares of the auto parts company’s stock valued at $1,415,000 after purchasing an additional 1,196 shares in the last quarter. Hedge funds and other institutional investors own 94.23% of the company’s stock.

DAN has been the subject of a number of recent research reports. KeyCorp initiated coverage on shares of Dana in a research note on Monday, December 10th. They set an “overweight” rating and a $18.00 price target for the company. Deutsche Bank initiated coverage on shares of Dana in a research note on Thursday, December 13th. They set a “buy” rating for the company. Zacks Investment Research lowered shares of Dana from a “hold” rating to a “sell” rating in a research note on Thursday, January 3rd. UBS Group upgraded shares of Dana from a “neutral” rating to a “buy” rating and set a $19.00 target price for the company in a research note on Friday, January 4th. Finally, Stephens reiterated a “hold” rating and issued a $16.00 target price on shares of Dana in a research note on Sunday, January 6th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $21.60.

Shares of NYSE:DAN opened at $17.94 on Thursday. The company has a current ratio of 1.66, a quick ratio of 1.07 and a debt-to-equity ratio of 1.22. The stock has a market capitalization of $2.62 billion, a P/E ratio of 6.04, a P/E/G ratio of 1.27 and a beta of 1.88. Dana Inc has a fifty-two week low of $12.65 and a fifty-two week high of $27.21.

Dana (NYSE:DAN) last announced its quarterly earnings results on Friday, February 15th. The auto parts company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.05. The firm had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $1.95 billion. Dana had a net margin of 5.24% and a return on equity of 33.01%. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.62 earnings per share. On average, analysts expect that Dana Inc will post 3.28 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 22nd. Stockholders of record on Friday, March 1st will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.23%. The ex-dividend date is Thursday, February 28th. Dana’s dividend payout ratio is 13.47%.

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Dana Company Profile

Dana Incorporated provides drive and motion products, sealing solutions, thermal-management technologies, and fluid-power products to vehicle and engine manufacturer in North America, Europe, South America, and the Asia Pacific. The company operates in four segments: Light Vehicle Driveline Technologies, Commercial Vehicle Driveline Technologies, Off-Highway Drive and Motion Technologies, and Power Technologies.

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Institutional Ownership by Quarter for Dana (NYSE:DAN)

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