Robotti Robert Has $2.02 Million Position in Dana Incorporated (NYSE:DAN)

Robotti Robert cut its stake in shares of Dana Incorporated (NYSE:DAN) by 52.1% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 174,768 shares of the auto parts company’s stock after selling 190,130 shares during the period. Robotti Robert owned about 0.12% of Dana worth $2,020,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. JB Capital Partners LP grew its holdings in shares of Dana by 9.9% during the 3rd quarter. JB Capital Partners LP now owns 1,425,293 shares of the auto parts company’s stock valued at $14,880,000 after acquiring an additional 128,000 shares in the last quarter. Great Lakes Advisors LLC grew its stake in Dana by 103.6% in the fourth quarter. Great Lakes Advisors LLC now owns 280,798 shares of the auto parts company’s stock valued at $3,246,000 after purchasing an additional 142,850 shares in the last quarter. Yousif Capital Management LLC grew its stake in Dana by 2.0% in the fourth quarter. Yousif Capital Management LLC now owns 56,818 shares of the auto parts company’s stock valued at $657,000 after purchasing an additional 1,130 shares in the last quarter. GAMMA Investing LLC increased its position in Dana by 118.3% in the 4th quarter. GAMMA Investing LLC now owns 2,702 shares of the auto parts company’s stock worth $31,000 after purchasing an additional 1,464 shares during the last quarter. Finally, Versant Capital Management Inc raised its stake in shares of Dana by 484.6% during the 4th quarter. Versant Capital Management Inc now owns 2,695 shares of the auto parts company’s stock worth $31,000 after purchasing an additional 2,234 shares in the last quarter. Institutional investors and hedge funds own 96.79% of the company’s stock.

Dana Stock Up 0.2 %

DAN stock opened at $14.68 on Thursday. The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of -37.65, a price-to-earnings-growth ratio of 0.72 and a beta of 2.42. The company has a 50-day moving average of $14.98 and a two-hundred day moving average of $12.06. Dana Incorporated has a 52-week low of $7.58 and a 52-week high of $16.90. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.45 and a quick ratio of 0.86.

Dana (NYSE:DAN) last announced its earnings results on Thursday, February 20th. The auto parts company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.15. The firm had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.33 billion. Dana had a positive return on equity of 6.70% and a negative net margin of 0.55%. As a group, equities research analysts anticipate that Dana Incorporated will post 1.5 EPS for the current year.

Dana Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, February 28th were paid a $0.10 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.40 annualized dividend and a dividend yield of 2.72%. Dana’s payout ratio is -102.56%.

Wall Street Analysts Forecast Growth

DAN has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their price target on Dana from $14.00 to $20.00 and gave the company an “overweight” rating in a research note on Monday, January 27th. UBS Group boosted their target price on shares of Dana from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Wells Fargo & Company upgraded shares of Dana from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $10.00 to $16.00 in a research note on Monday, January 27th. Royal Bank of Canada lifted their price objective on shares of Dana from $13.00 to $16.00 and gave the company a “sector perform” rating in a research note on Friday, February 21st. Finally, StockNews.com raised shares of Dana from a “hold” rating to a “buy” rating in a research report on Wednesday, March 19th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $18.50.

About Dana

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.