Freestone Grove Partners LP Buys New Holdings in Dana Incorporated $DAN

Freestone Grove Partners LP purchased a new position in shares of Dana Incorporated (NYSE:DAN) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 68,868 shares of the auto parts company’s stock, valued at approximately $1,874,000.

Other institutional investors have also recently bought and sold shares of the company. Captrust Financial Advisors bought a new stake in Dana in the second quarter valued at approximately $176,000. State of Tennessee Department of Treasury boosted its stake in shares of Dana by 10.7% during the 2nd quarter. State of Tennessee Department of Treasury now owns 55,842 shares of the auto parts company’s stock worth $958,000 after acquiring an additional 5,405 shares during the period. Russell Investments Group Ltd. lifted its holdings in Dana by 3.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 927,987 shares of the auto parts company’s stock valued at $18,597,000 after purchasing an additional 27,712 shares during the last quarter. Entropy Technologies LP increased its holdings in shares of Dana by 266.2% in the third quarter. Entropy Technologies LP now owns 37,303 shares of the auto parts company’s stock valued at $748,000 after purchasing an additional 27,116 shares during the last quarter. Finally, Horizon Investments LLC acquired a new position in shares of Dana in the third quarter valued at $553,000. Institutional investors and hedge funds own 96.79% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft cut their target price on shares of Dana from $40.00 to $39.00 and set a “buy” rating for the company in a research note on Tuesday, July 7th. Royal Bank Of Canada increased their price target on shares of Dana from $33.00 to $37.00 and gave the company an “outperform” rating in a 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 boosted their price objective on Dana from $33.00 to $35.00 and gave the stock an “equal weight” rating in a report on Friday, August 14th. Finally, Wells Fargo & Company decreased their target price on Dana from $33.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Friday, August 7th. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Dana presently has an average rating of “Hold” and a consensus target price of $37.00.

Dana Trading Up 0.9%

DAN stock opened at $30.33 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.03 and a current ratio of 1.49. The company’s 50-day simple moving average is $28.15 and its 200 day simple moving average is $32.04. Dana Incorporated has a 52 week low of $17.74 and a 52 week high of $39.56. The company has a market capitalization of $3.26 billion, a PE ratio of 3.02 and a beta of 1.99.

Dana (NYSE:DAN) last issued 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 business had revenue of $2.01 billion during the quarter, compared to analyst estimates 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 quarter last year, the firm earned $0.13 EPS. Dana has set its FY 2026 guidance at 1.750-2.250 EPS. As a group, sell-side analysts anticipate that Dana Incorporated will post 1.93 earnings per share for the current year.

Dana Announces Dividend

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

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.