Mutual of America Capital Management LLC grew its stake in shares of Dana Incorporated (NYSE:DAN) by 0.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 115,927 shares of the auto parts company’s stock after acquiring an additional 436 shares during the period. Mutual of America Capital Management LLC owned about 0.08% of Dana worth $2,589,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. World Asset Management Inc raised its stake in shares of Dana by 0.3% during the first quarter. World Asset Management Inc now owns 10,815 shares of the auto parts company’s stock valued at $209,000 after acquiring an additional 37 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Dana by 0.3% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,097 shares of the auto parts company’s stock valued at $471,000 after acquiring an additional 60 shares in the last quarter. Capstone Asset Management Co. raised its stake in shares of Dana by 0.4% during the second quarter. Capstone Asset Management Co. now owns 18,278 shares of the auto parts company’s stock valued at $408,000 after acquiring an additional 80 shares in the last quarter. US Bancorp DE raised its stake in shares of Dana by 1.4% during the second quarter. US Bancorp DE now owns 9,605 shares of the auto parts company’s stock valued at $214,000 after acquiring an additional 129 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its stake in shares of Dana by 1.3% during the second 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. 98.61% of the stock is owned by hedge funds and other institutional investors.

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Several research firms have recently weighed in on DAN. CLSA began coverage on shares of Dana in a research note on Thursday, June 22nd. They set a “buy” rating and a $27.00 price target for the company. Barclays PLC downgraded shares of Dana from an “overweight” rating to an “equal weight” rating and lifted their price target for the company from $23.00 to $24.00 in a research note on Wednesday, July 19th. Susquehanna Bancshares Inc downgraded shares of Dana from a “neutral” rating to a “negative” rating and set a $19.00 price target for the company. in a research note on Thursday, July 13th. UBS AG reaffirmed a “neutral” rating and set a $24.00 price target (up previously from $20.00) on shares of Dana in a research note on Tuesday, August 1st. Finally, BidaskClub raised shares of Dana from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. Dana currently has an average rating of “Hold” and an average target price of $23.50.

Dana Incorporated (DAN) opened at 27.96 on Friday. The stock has a market capitalization of $4.05 billion, a price-to-earnings ratio of 5.93 and a beta of 1.49. Dana Incorporated has a one year low of $13.93 and a one year high of $28.17. The company’s 50-day moving average is $24.04 and its 200 day moving average is $21.50.

Dana (NYSE:DAN) last released its earnings results on Monday, July 31st. The auto parts company reported $0.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.17. The company had revenue of $18.40 million for the quarter, compared to analyst estimates of $1.67 billion. Dana had a net margin of 10.80% and a return on equity of 30.79%. The firm’s quarterly revenue was down 98.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.53 EPS. Equities analysts expect that Dana Incorporated will post $2.33 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Friday, August 11th were issued a dividend of $0.06 per share. The ex-dividend date was Wednesday, August 9th. This represents a $0.24 dividend on an annualized basis and a yield of 0.86%. Dana’s dividend payout ratio (DPR) is presently 5.10%.

About Dana

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.

Institutional Ownership by Quarter for Dana (NYSE:DAN)

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