Dana Inc (DAN) Shares Bought by Axa
Axa grew its holdings in shares of Dana Inc (NYSE:DAN) by 1.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 409,100 shares of the auto parts company’s stock after purchasing an additional 6,800 shares during the quarter. Axa owned approximately 0.28% of Dana worth $11,439,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of DAN. US Bancorp DE boosted its stake in Dana by 1.4% in the 2nd quarter. US Bancorp DE now owns 9,605 shares of the auto parts company’s stock worth $214,000 after purchasing an additional 129 shares during the period. Great West Life Assurance Co. Can raised its holdings in shares of Dana by 1.1% in the 2nd quarter. Great West Life Assurance Co. Can now owns 85,680 shares of the auto parts company’s stock valued at $1,912,000 after acquiring an additional 942 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of Dana by 335.2% in the 2nd quarter. First Trust Advisors LP now owns 193,498 shares of the auto parts company’s stock valued at $4,321,000 after acquiring an additional 149,034 shares in the last quarter. Teacher Retirement System of Texas raised its holdings in shares of Dana by 1.3% in the 2nd quarter. Teacher Retirement System of Texas now owns 11,550 shares of the auto parts company’s stock valued at $258,000 after acquiring an additional 143 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of Dana by 51.0% in the 2nd quarter. SG Americas Securities LLC now owns 60,545 shares of the auto parts company’s stock valued at $1,352,000 after acquiring an additional 20,451 shares in the last quarter. Institutional investors own 96.46% of the company’s stock.
Dana Inc (NYSE DAN) opened at $32.68 on Thursday. The firm has a market capitalization of $4,692.37, a PE ratio of 13.01 and a beta of 1.67. The company has a current ratio of 1.72, a quick ratio of 1.17 and a debt-to-equity ratio of 1.36. Dana Inc has a 1-year low of $17.53 and a 1-year high of $33.45.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Friday, November 10th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Thursday, November 9th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.73%. Dana’s dividend payout ratio is 5.02%.
Several research firms have weighed in on DAN. ValuEngine cut Dana from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. Deutsche Bank raised their price target on Dana from $24.00 to $30.00 and gave the company a “hold” rating in a report on Friday, November 17th. B. Riley reaffirmed a “neutral” rating on shares of Dana in a report on Wednesday, November 1st. Royal Bank of Canada reaffirmed a “buy” rating on shares of Dana in a report on Friday, October 27th. Finally, Barclays raised their price target on Dana from $28.00 to $30.00 and gave the company an “equal weight” rating in a report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $28.00.
In other Dana news, EVP Mark E. Wallace sold 36,603 shares of Dana stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $29.68, for a total value of $1,086,377.04. Following the transaction, the executive vice president now directly owns 108,239 shares of the company’s stock, valued at approximately $3,212,533.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO James Kevin Kamsickas sold 57,003 shares of Dana stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $31.01, for a total value of $1,767,663.03. Following the completion of the transaction, the chief executive officer now directly owns 96,312 shares in the company, valued at $2,986,635.12. The disclosure for this sale can be found here. Over the last three months, insiders have sold 124,085 shares of company stock worth $3,776,775. 1.60% of the stock is currently owned by insiders.
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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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