Dana Incorporated $DAN Shares Sold by Great Lakes Advisors LLC

Great Lakes Advisors LLC decreased its stake in shares of Dana Incorporated (NYSE:DAN) by 9.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 279,330 shares of the auto parts company’s stock after selling 28,939 shares during the period. Great Lakes Advisors LLC’s holdings in Dana were worth $5,598,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. FNY Investment Advisers LLC bought a new position in Dana during the 2nd quarter worth approximately $25,000. Captrust Financial Advisors acquired a new stake in shares of Dana during the 2nd quarter valued at approximately $176,000. SG Americas Securities LLC bought a new position in Dana during the third quarter worth $488,000. Amalgamated Bank boosted its holdings in Dana by 3.5% in the third quarter. Amalgamated Bank now owns 38,337 shares of the auto parts company’s stock worth $768,000 after purchasing an additional 1,279 shares during the period. Finally, State of Tennessee Department of Treasury increased its stake in Dana by 10.7% during the second 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. 96.79% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on DAN. JPMorgan Chase & Co. raised their price target on shares of Dana from $26.00 to $28.00 and gave the stock an “overweight” rating in a research report on Monday, November 3rd. Barclays raised their target price on shares of Dana from $27.00 to $32.00 and gave the stock an “overweight” rating in a report on Thursday, January 22nd. Zacks Research upgraded Dana from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $36.00 price objective on shares of Dana in a research report on Thursday, January 22nd. Finally, UBS Group upped their price objective on Dana from $31.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $32.17.

Dana Stock Performance

DAN opened at $28.89 on Friday. Dana Incorporated has a twelve month low of $10.11 and a twelve month high of $31.73. The stock has a market cap of $3.38 billion, a PE ratio of 64.21, a price-to-earnings-growth ratio of 1.23 and a beta of 2.14. The business’s 50 day moving average is $25.00 and its 200-day moving average is $21.26. The company has a current ratio of 1.31, a quick ratio of 0.96 and a debt-to-equity ratio of 2.23.

Dana (NYSE:DAN) last posted its earnings results on Wednesday, October 29th. The auto parts company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.09). Dana had a net margin of 0.64% and a return on equity of 6.35%. The business had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.91 billion. During the same quarter in the prior year, the business earned $0.12 earnings per share. The firm’s revenue was up 1.1% compared to the same quarter last year. On average, analysts predict that Dana Incorporated will post 1.5 earnings per share for the current year.

Dana Profile

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.