Engineers Gate Manager LP Buys 56,766 Shares of Dana Incorporated $DAN

Engineers Gate Manager LP grew its position in shares of Dana Incorporated (NYSE:DAN) by 59.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 152,871 shares of the auto parts company’s stock after acquiring an additional 56,766 shares during the quarter. Engineers Gate Manager LP’s holdings in Dana were worth $4,160,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC lifted its holdings in shares of Dana by 39.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,580 shares of the auto parts company’s stock worth $38,000 after purchasing an additional 445 shares in the last quarter. Parallel Advisors LLC lifted its stake in shares of Dana by 105.2% in the first quarter. Parallel Advisors LLC now owns 1,925 shares of the auto parts company’s stock valued at $65,000 after buying an additional 987 shares in the last quarter. Plato Investment Management Ltd bought a new position in shares of Dana in the second quarter valued at $45,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Dana by 1,439.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,816 shares of the auto parts company’s stock valued at $49,000 after buying an additional 1,698 shares during the last quarter. Finally, Pinnacle Holdings LLC bought a new stake in shares of Dana during the second quarter worth about $49,000. 96.79% of the stock is owned by institutional investors and hedge funds.

Dana Price Performance

Shares of NYSE DAN opened at $31.09 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. Dana Incorporated has a fifty-two week low of $17.74 and a fifty-two week high of $39.56. The stock has a market cap of $3.34 billion, a PE ratio of 3.09 and a beta of 2.01. The stock has a fifty day moving average of $28.87 and a 200-day moving average of $31.87.

Dana (NYSE:DAN) last issued its earnings results on Thursday, August 6th. The auto parts company reported $0.19 EPS for the quarter, missing the consensus estimate 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 quarter in the prior year, the business earned $0.13 EPS. The firm’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. Equities research analysts anticipate that Dana Incorporated will post 1.93 earnings per share for the current year.

Dana Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 7th were paid a $0.12 dividend. The ex-dividend date was Friday, August 7th. This represents a $0.48 annualized dividend and a yield of 1.5%. Dana’s dividend payout ratio is currently 4.78%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on DAN shares. Deutsche Bank Aktiengesellschaft lowered their target price 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. Weiss Ratings lowered Dana from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Royal Bank Of Canada upped their price target on Dana from $33.00 to $37.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Wells Fargo & Company dropped their price objective on Dana from $33.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Friday, August 7th. Finally, Barclays upped their target price on shares of Dana from $33.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Friday, August 14th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Dana has a consensus rating of “Moderate Buy” and an average target price of $37.00.

Dana Profile

Dana Incorporated (NYSE:DAN) is a global supplier of drivetrain, propulsion, and thermal-management technologies for the automotive, commercial vehicle, and off-highway markets. The company develops and manufactures systems that help vehicles transmit power, manage heat, and improve efficiency across conventional, hybrid, and electric powertrains.

Its product portfolio includes axles, driveshafts, differentials, transmissions, sealing and thermal-management systems, and electrified propulsion components such as electric motors, inverters, gearboxes, and complete e-Propulsion systems.