Basswood Capital Management L.L.C. Decreases Position in Dana Incorporated (DAN)
Basswood Capital Management L.L.C. reduced its stake in shares of Dana Incorporated (NYSE:DAN) by 7.6% during the fourth quarter, Holdings Channel reports. The fund owned 239,638 shares of the company’s stock after selling 19,750 shares during the period. Basswood Capital Management L.L.C. owned about 0.17% of Dana worth $4,548,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its position in Dana by 2.0% in the second quarter. Vanguard Group Inc. now owns 10,754,648 shares of the company’s stock worth $113,569,000 after buying an additional 211,829 shares in the last quarter. BlackRock Fund Advisors increased its position in Dana by 4.6% in the third quarter. BlackRock Fund Advisors now owns 7,692,360 shares of the company’s stock worth $119,924,000 after buying an additional 336,574 shares in the last quarter. TCW Group Inc. increased its position in Dana by 10.0% in the fourth quarter. TCW Group Inc. now owns 4,469,919 shares of the company’s stock worth $84,839,000 after buying an additional 407,032 shares in the last quarter. Prudential Financial Inc. increased its position in Dana by 20.8% in the third quarter. Prudential Financial Inc. now owns 3,384,854 shares of the company’s stock worth $52,770,000 after buying an additional 581,980 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Dana by 22.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,352,349 shares of the company’s stock worth $63,628,000 after buying an additional 621,148 shares in the last quarter. 95.23% of the stock is owned by institutional investors and hedge funds.
Shares of Dana Incorporated (NYSE:DAN) traded down 0.92% during trading on Thursday, hitting $19.36. 1,507,912 shares of the company were exchanged. The company has a 50 day moving average of $19.62 and a 200-day moving average of $16.66. Dana Incorporated has a 1-year low of $9.80 and a 1-year high of $20.62. The stock has a market capitalization of $2.79 billion, a PE ratio of 4.44 and a beta of 1.49.
Dana (NYSE:DAN) last posted its quarterly earnings data on Thursday, February 9th. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.19. The business earned $1.45 billion during the quarter, compared to the consensus estimate of $1.39 billion. Dana had a return on equity of 29.73% and a net margin of 10.98%. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.34 earnings per share. On average, analysts forecast that Dana Incorporated will post $1.78 earnings per share for the current year.
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A number of equities analysts have issued reports on DAN shares. TheStreet raised shares of Dana from a “c+” rating to a “b-” rating in a report on Thursday, February 9th. Deutsche Bank AG raised shares of Dana from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $16.00 to $20.00 in a report on Thursday, December 1st. Barclays PLC set a $19.00 price objective on shares of Dana and gave the stock a “buy” rating in a report on Thursday, November 10th. Zacks Investment Research raised shares of Dana from a “sell” rating to a “buy” rating and set a $22.00 price objective on the stock in a report on Wednesday, January 11th. Finally, RBC Capital Markets reaffirmed a “buy” rating and set a $24.00 price objective on shares of Dana in a report on Tuesday, January 3rd. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Dana currently has a consensus rating of “Buy” and an average target price of $21.50.
In other Dana news, Director Mark A. Schulz sold 6,963 shares of the stock in a transaction on Wednesday, January 18th. The stock was sold at an average price of $19.46, for a total value of $135,499.98. Following the completion of the transaction, the director now owns 21,963 shares in the company, valued at $427,399.98. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.80% of the stock is currently owned by corporate insiders.
Dana Company Profile
Dana Inc, formerly Dana Holding Corporation, is a provider of high technology driveline, sealing and thermal-management products. The Company offers its products to vehicle manufacturers in the global light vehicle, medium/heavy vehicle and off-highway markets. 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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