Canada Pension Plan Investment Board Acquires Shares of 16,900 Dana Incorporated $DAN

Canada Pension Plan Investment Board purchased a new stake in Dana Incorporated (NYSE:DAN) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 16,900 shares of the auto parts company’s stock, valued at approximately $460,000.

Several other institutional investors have also recently bought and sold shares of DAN. BlackRock Inc. bought a new position in Dana during the 2nd quarter valued at $496,741,000. JB Capital Partners LP bought a new stake in shares of Dana in the 2nd quarter worth $50,400,893. Loomis Sayles & Co. L P raised its holdings in shares of Dana by 61.2% in the fourth 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 purchased a new stake in shares of Dana in the second quarter valued at about $25,571,000. Finally, Russell Investments Group Ltd. lifted its position in shares of Dana by 3.1% during the third 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 in the last quarter. Institutional investors and hedge funds own 96.79% of the company’s stock.

Dana Stock Up 4.6%

Dana stock opened at $30.71 on Thursday. The firm has a 50 day moving average price of $28.21 and a 200-day moving average price of $31.98. The company has a quick ratio of 1.03, a current ratio of 1.49 and a debt-to-equity ratio of 0.66. Dana Incorporated has a twelve month low of $17.74 and a twelve month high of $39.56. The company has a market capitalization of $3.30 billion, a P/E ratio of 3.06 and a beta of 2.01.

Dana (NYSE:DAN) last posted its quarterly 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 during the quarter, compared to the consensus estimate of $1.93 billion. During the same period last year, the firm posted $0.13 EPS. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. Dana has set its FY 2026 guidance at 1.750-2.250 EPS. As a group, equities analysts predict that Dana Incorporated will post 1.93 EPS for the current year.

Dana Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages have issued reports on DAN. Barclays upped their price objective 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. Wells Fargo & Company reduced their target price on Dana from $33.00 to $28.00 and set an “equal weight” rating for the company in a report on Friday, August 7th. Zacks Research downgraded Dana from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 16th. UBS Group dropped their price target on Dana from $39.00 to $38.00 and set a “buy” rating on the stock in a report on Friday, August 7th. Finally, Weiss Ratings downgraded Dana from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Dana has an average rating of “Hold” and a consensus target price of $37.00.

Dana Company 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.