Nykredit A S Makes New Investment in Dana Incorporated $DAN

Nykredit A S acquired a new stake in shares of Dana Incorporated (NYSE:DAN) during the second quarter, Holdings Channel.com reports. The firm acquired 3,112,827 shares of the auto parts company’s stock, valued at approximately $84,700,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of Dana in the 2nd quarter worth about $496,741,000. JB Capital Partners LP purchased a new position in shares of Dana during the 2nd quarter worth about $50,400,893. Loomis Sayles & Co. L P grew its holdings in Dana by 61.2% during the 4th quarter. Loomis Sayles & Co. L P now owns 1,591,768 shares of the auto parts company’s stock valued at $37,820,000 after purchasing an additional 604,246 shares during the last quarter. Bank of New York Mellon Corp bought a new position in Dana during the 2nd quarter valued at about $25,571,000. Finally, Russell Investments Group Ltd. raised its position in Dana by 3.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 927,987 shares of the auto parts company’s stock worth $18,597,000 after purchasing an additional 27,712 shares during the period. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Analyst Upgrades and Downgrades

DAN has been the subject of several analyst reports. Weiss Ratings downgraded shares of Dana from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Barclays upped their target price on Dana from $33.00 to $35.00 and gave the company an “equal weight” rating in a research note on Friday, August 14th. Deutsche Bank Aktiengesellschaft decreased their price target on Dana from $40.00 to $39.00 and set a “buy” rating for the company in a research note on Tuesday, July 7th. Zacks Research cut Dana from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 16th. Finally, UBS Group cut their price objective on Dana from $39.00 to $38.00 and set a “buy” rating on the stock in a research report on Friday, August 7th. Four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $37.00.

Dana Price Performance

Dana stock opened at $30.71 on Thursday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.49 and a quick ratio of 1.03. The stock has a market cap of $3.30 billion, a price-to-earnings ratio of 3.06 and a beta of 2.01. The firm has a 50-day moving average of $28.21 and a two-hundred day moving average of $31.98. Dana Incorporated has a 1 year low of $17.74 and a 1 year high of $39.56.

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

Dana Announces Dividend

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

Dana Profile

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.