Dana Incorporated (NYSE:DAN) Shares Sold by Kennedy Capital Management LLC

Kennedy Capital Management LLC reduced its position in shares of Dana Incorporated (NYSE:DAN) by 7.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 518,991 shares of the auto parts company’s stock after selling 43,488 shares during the period. Kennedy Capital Management LLC owned 0.36% of Dana worth $6,591,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in DAN. Cibc World Markets Corp grew its position in Dana by 46.0% during the fourth quarter. Cibc World Markets Corp now owns 1,190,000 shares of the auto parts company’s stock valued at $17,386,000 after acquiring an additional 375,000 shares during the period. Great Lakes Advisors LLC grew its holdings in shares of Dana by 89.5% during the 4th quarter. Great Lakes Advisors LLC now owns 126,015 shares of the auto parts company’s stock worth $1,841,000 after purchasing an additional 59,502 shares during the period. Knights of Columbus Asset Advisors LLC grew its holdings in shares of Dana by 164.0% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 284,582 shares of the auto parts company’s stock worth $4,158,000 after purchasing an additional 176,778 shares during the period. Finally, Handelsbanken Fonder AB increased its position in Dana by 71.5% during the 4th quarter. Handelsbanken Fonder AB now owns 35,490 shares of the auto parts company’s stock worth $519,000 after purchasing an additional 14,800 shares in the last quarter. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have weighed in on DAN shares. JPMorgan Chase & Co. reduced their price target on shares of Dana from $18.00 to $17.00 and set an “overweight” rating on the stock in a research report on Monday, July 22nd. Wells Fargo & Company cut their target price on shares of Dana from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Tuesday, June 25th. Oppenheimer boosted their price objective on Dana from $17.00 to $18.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Finally, UBS Group decreased their target price on Dana from $14.00 to $12.00 and set a “neutral” rating for the company in a research report on Wednesday, July 10th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Dana presently has an average rating of “Hold” and an average target price of $15.50.

Dana Stock Performance

NYSE DAN traded up $1.26 during trading hours on Wednesday, reaching $13.03. The company’s stock had a trading volume of 460,815 shares, compared to its average volume of 1,212,190. The stock has a market cap of $1.89 billion, a PE ratio of 143.35 and a beta of 2.33. Dana Incorporated has a 52 week low of $11.10 and a 52 week high of $19.36. The company has a current ratio of 1.60, a quick ratio of 0.97 and a debt-to-equity ratio of 1.61. The business has a 50-day simple moving average of $12.62 and a 200 day simple moving average of $12.78.

Dana (NYSE:DAN) last issued its quarterly earnings data on Tuesday, April 30th. The auto parts company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.08). Dana had a net margin of 0.12% and a return on equity of 5.42%. The firm had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.69 billion. During the same quarter in the prior year, the business earned $0.25 earnings per share. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. Equities research analysts predict that Dana Incorporated will post 0.65 earnings per share for the current fiscal year.

Dana Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 9th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date is Friday, August 9th. Dana’s dividend payout ratio is currently 444.49%.

Dana Company Profile

Dana Incorporated, together with its subsidiaries, provides power-conveyance and energy-management solutions for vehicles and machinery in North America, Europe, South America, and the Asia Pacific. The company operates through four segments: Light Vehicle Drive Systems, Commercial Vehicle Drive and Motion Systems, Off-Highway Drive and Motion Systems, and Power Technologies.