Precision Path Capital LP bought a new position in shares of Dana Inc (NYSE:DAN) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 365,000 shares of the auto parts company’s stock, valued at approximately $11,684,000. Dana makes up about 9.0% of Precision Path Capital LP’s portfolio, making the stock its 3rd largest position. Precision Path Capital LP owned approximately 0.25% of Dana at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Advisors Preferred LLC purchased a new stake in shares of Dana during the 4th quarter valued at approximately $120,000. Advisory Services Network LLC bought a new stake in Dana during the 4th quarter worth approximately $204,000. KBC Group NV increased its holdings in Dana by 107.9% during the 4th quarter. KBC Group NV now owns 6,707 shares of the auto parts company’s stock worth $215,000 after acquiring an additional 3,481 shares during the period. CAPROCK Group Inc. bought a new stake in Dana during the 4th quarter worth approximately $249,000. Finally, Boothbay Fund Management LLC bought a new stake in Dana during the 3rd quarter worth approximately $204,000. 97.96% of the stock is owned by institutional investors.
In other Dana news, EVP Mark E. Wallace sold 40,339 shares of the stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $33.42, for a total transaction of $1,348,129.38. Following the completion of the sale, the executive vice president now directly owns 108,139 shares of the company’s stock, valued at $3,614,005.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Aziz Aghili sold 12,624 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $33.12, for a total transaction of $418,106.88. Following the sale, the insider now directly owns 18,024 shares of the company’s stock, valued at $596,954.88. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 86,207 shares of company stock worth $2,870,602. Company insiders own 1.60% of the company’s stock.
Shares of Dana Inc (NYSE DAN) traded down $0.54 during trading hours on Wednesday, reaching $25.62. 2,022,477 shares of the company’s stock traded hands, compared to its average volume of 1,901,320. Dana Inc has a twelve month low of $17.53 and a twelve month high of $35.27. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.69 and a quick ratio of 1.12. The stock has a market capitalization of $3,791.77, a P/E ratio of 37.37 and a beta of 1.79.
Dana (NYSE:DAN) last announced its quarterly earnings results on Tuesday, February 13th. The auto parts company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.09. Dana had a net margin of 1.54% and a return on equity of 30.70%. The company had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter in the previous year, the business posted $0.59 earnings per share. Dana’s quarterly revenue was up 27.0% on a year-over-year basis. research analysts expect that Dana Inc will post 2.8 EPS for the current year.
Dana declared that its Board of Directors has authorized a stock buyback program on Wednesday, January 17th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the auto parts company to buy shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s management believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 2nd will be given a dividend of $0.10 per share. This is a boost from Dana’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Thursday, March 1st. This represents a $0.40 dividend on an annualized basis and a yield of 1.56%. Dana’s payout ratio is 57.14%.
A number of equities analysts have recently commented on DAN shares. UBS Group raised shares of Dana to a “neutral” rating in a report on Friday, March 9th. Susquehanna Bancshares raised shares of Dana from a “negative” rating to a “neutral” rating and increased their target price for the company from $25.00 to $29.00 in a report on Friday, March 9th. Gabelli reaffirmed a “buy” rating on shares of Dana in a report on Wednesday, February 14th. Guggenheim reissued a “buy” rating and set a $40.00 price target on shares of Dana in a research report on Wednesday, January 10th. Finally, ValuEngine cut shares of Dana from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Dana currently has a consensus rating of “Hold” and an average target price of $30.45.
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Dana Company Profile
Dana Incorporated, formerly Dana Holding Corporation, is a global provider of technology driveline, sealing and thermal-management products. The Company operates in four segments: Light Vehicle Driveline Technologies (Light Vehicle), Commercial Vehicle Driveline Technologies (Commercial Vehicle), Off-Highway Driveline Technologies (Off-Highway) and Power Technologies.
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