Dana Inc (DAN) Shares Sold by Spark Investment Management LLC
Spark Investment Management LLC decreased its holdings in shares of Dana Inc (NYSE:DAN) by 45.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 109,400 shares of the auto parts company’s stock after selling 90,400 shares during the period. Spark Investment Management LLC’s holdings in Dana were worth $1,940,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in the stock. Virginia Retirement Systems ET AL boosted its position in shares of Dana by 2.4% during the 4th quarter. Virginia Retirement Systems ET AL now owns 25,900 shares of the auto parts company’s stock valued at $353,000 after purchasing an additional 600 shares in the last quarter. Verity Asset Management Inc. boosted its holdings in Dana by 3.7% in the fourth quarter. Verity Asset Management Inc. now owns 23,144 shares of the auto parts company’s stock worth $315,000 after acquiring an additional 831 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its holdings in Dana by 9.0% in the fourth quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 11,313 shares of the auto parts company’s stock worth $154,000 after acquiring an additional 938 shares in the last quarter. Arizona State Retirement System boosted its holdings in Dana by 1.2% in the fourth quarter. Arizona State Retirement System now owns 103,830 shares of the auto parts company’s stock worth $1,415,000 after acquiring an additional 1,196 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its holdings in Dana by 4.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 36,705 shares of the auto parts company’s stock worth $500,000 after acquiring an additional 1,614 shares in the last quarter. Institutional investors own 95.66% of the company’s stock.
Several research analysts have issued reports on DAN shares. TheStreet upgraded Dana from a “c” rating to a “b” rating in a report on Wednesday, February 20th. Zacks Investment Research upgraded Dana from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a report on Tuesday, March 19th. Barclays reiterated a “buy” rating and issued a $24.00 price target on shares of Dana in a report on Wednesday, March 13th. Buckingham Research set a $21.00 price target on Dana and gave the stock a “hold” rating in a report on Thursday, February 28th. Finally, Royal Bank of Canada increased their price target on Dana from $22.00 to $23.00 and gave the stock an “outperform” rating in a report on Tuesday, March 12th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $21.00.
NYSE:DAN traded up $0.44 on Tuesday, hitting $16.23. The stock had a trading volume of 24,467 shares, compared to its average volume of 1,761,519. The firm has a market cap of $2.28 billion, a P/E ratio of 5.45, a PEG ratio of 1.10 and a beta of 1.88. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.02 and a current ratio of 1.63. Dana Inc has a 52 week low of $12.65 and a 52 week high of $24.72.
Dana (NYSE:DAN) last issued its quarterly earnings data on Thursday, May 2nd. The auto parts company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.73 by $0.05. The firm had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.18 billion. Dana had a return on equity of 31.31% and a net margin of 5.11%. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.75 earnings per share. On average, equities analysts forecast that Dana Inc will post 3.32 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.46%. The ex-dividend date of this dividend is Thursday, May 16th. Dana’s dividend payout ratio (DPR) is presently 13.47%.
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Dana Company Profile
Dana Incorporated provides drive and motion products, sealing solutions, thermal-management technologies, and fluid-power products to vehicle and engine manufacturer in North America, Europe, South America, and the Asia Pacific. The company operates in four segments: Light Vehicle Driveline Technologies, Commercial Vehicle Driveline Technologies, Off-Highway Drive and Motion Technologies, and Power Technologies.
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