Empowered Funds LLC Acquires New Position in Dana Incorporated $DAN

Empowered Funds LLC acquired a new stake in Dana Incorporated (NYSE:DAN) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 499,531 shares of the auto parts company’s stock, valued at approximately $13,592,000. Empowered Funds LLC owned 0.46% of Dana as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of Dana during the 2nd quarter valued at $496,741,000. JB Capital Partners LP purchased a new stake in shares of Dana during the second quarter worth $50,400,893. Bank of New York Mellon Corp purchased a new stake in shares of Dana during the second quarter worth $25,571,000. SG Americas Securities LLC boosted its position 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 purchasing an additional 642,552 shares during the last quarter. Finally, Bank of America Corp DE acquired a new position in Dana in the 2nd quarter worth about $17,276,000. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Dana Stock Up 0.9%

Shares of DAN opened at $30.33 on Friday. The business’s fifty day moving average price is $28.15 and its two-hundred day moving average price is $32.04. The firm has a market capitalization of $3.26 billion, a price-to-earnings ratio of 3.02 and a beta of 1.99. Dana Incorporated has a 52 week low of $17.74 and a 52 week high of $39.56. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.03 and a current ratio of 1.49.

Dana (NYSE:DAN) last announced its quarterly earnings data on Thursday, August 6th. The auto parts company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.51). The firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.93 billion. Dana had a return on equity of 4.07% and a net margin of 14.55%.The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.13 earnings per share. Dana has set its FY 2026 guidance at 1.750-2.250 EPS. On average, analysts predict that Dana Incorporated will post 1.93 earnings per share for the current year.

Dana Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 7th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, August 7th. Dana’s dividend payout ratio (DPR) is currently 4.78%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Royal Bank Of Canada boosted their price target on Dana from $33.00 to $37.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Weiss Ratings downgraded shares of Dana from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Dana from $40.00 to $39.00 and set a “buy” rating on the stock in a report on Tuesday, July 7th. UBS Group reduced their price objective on shares of Dana from $39.00 to $38.00 and set a “buy” rating for the company in a research note on Friday, August 7th. Finally, Barclays increased their target price on shares of Dana from $33.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Friday, August 14th. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Dana presently has a consensus rating of “Hold” and an average 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.