Great Lakes Advisors LLC Makes New $5.46 Million Investment in Dana Incorporated $DAN

Great Lakes Advisors LLC purchased a new stake in Dana Incorporated (NYSE:DAN) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 200,506 shares of the auto parts company’s stock, valued at approximately $5,456,000. Great Lakes Advisors LLC owned about 0.19% of Dana at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC increased its stake in shares of Dana by 39.2% during 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 during the last quarter. Parallel Advisors LLC lifted its stake in Dana by 105.2% in the 1st quarter. Parallel Advisors LLC now owns 1,925 shares of the auto parts company’s stock valued at $65,000 after purchasing an additional 987 shares during the last quarter. Plato Investment Management Ltd acquired a new stake in Dana in the 2nd quarter valued at about $45,000. State of Tennessee Department of Treasury lifted its stake in Dana by 10.7% in the 2nd quarter. State of Tennessee Department of Treasury now owns 55,842 shares of the auto parts company’s stock valued at $958,000 after purchasing an additional 5,405 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new position in Dana during the second quarter worth about $252,000. Institutional investors own 96.79% of the company’s stock.

Wall Street Analysts Forecast Growth

DAN has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. boosted their price target on Dana from $39.00 to $45.00 and gave the stock an “overweight” rating in a research report on Thursday, April 23rd. UBS Group cut their price objective on Dana from $39.00 to $38.00 and set a “buy” rating for the company in a research report on Friday, August 7th. Royal Bank Of Canada lifted their target price on Dana from $33.00 to $37.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Weiss Ratings lowered Dana from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Finally, Zacks Research cut Dana from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 16th. Four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Dana currently has a consensus rating of “Hold” and a consensus price target of $37.00.

Dana Stock Performance

Shares of DAN stock opened at $30.78 on Thursday. Dana Incorporated has a 52 week low of $17.74 and a 52 week high of $39.56. The company has a market capitalization of $3.31 billion, a price-to-earnings ratio of 3.06 and a beta of 1.99. The company has a 50-day simple moving average of $28.02 and a 200 day simple moving average of $32.04. 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 (NYSE:DAN) last released its quarterly earnings results on Thursday, August 6th. The auto parts company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.51). The company had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.93 billion. Dana had a net margin of 14.55% and a return on equity of 4.07%. The firm’s revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.13 earnings per share. Dana has set its FY 2026 guidance at 1.750-2.250 EPS. On average, sell-side analysts predict 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 will be paid on Friday, August 28th. Stockholders of record on Friday, August 7th will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, August 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.6%. Dana’s dividend payout ratio (DPR) is 4.78%.

About Dana

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.