Dana Incorporated $DAN Stock Holdings Boosted by SummerHaven Investment Management LLC

SummerHaven Investment Management LLC increased its position in shares of Dana Incorporated (NYSE:DAN) by 44.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 66,338 shares of the auto parts company’s stock after acquiring an additional 20,424 shares during the quarter. Dana comprises approximately 1.3% of SummerHaven Investment Management LLC’s investment portfolio, making the stock its 11th biggest holding. SummerHaven Investment Management LLC owned about 0.06% of Dana worth $1,812,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Fortitude Family Office LLC boosted its holdings in shares of Dana by 536.3% in the third quarter. Fortitude Family Office LLC now owns 929 shares of the auto parts company’s stock valued at $25,000 after buying an additional 783 shares during the period. Plato Investment Management Ltd acquired a new stake in shares of Dana in the 2nd quarter valued at about $45,000. Pinnacle Holdings LLC acquired a new stake in shares of Dana in the 2nd quarter valued at about $49,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Dana in the second quarter valued at about $49,000. Finally, Parallel Advisors LLC lifted its holdings in shares of Dana by 105.2% in the first 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 in the last quarter. 96.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on DAN shares. UBS Group reduced their price objective on Dana from $38.00 to $36.00 and set a “buy” rating for the company in a research report on Wednesday, October 7th. Weiss Ratings lowered Dana from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Barclays raised their price target on shares of Dana from $33.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Friday, August 14th. Wells Fargo & Company lowered their price objective on shares of Dana from $33.00 to $28.00 and set an “equal weight” rating on the stock in a report on Friday, August 7th. Finally, Royal Bank Of Canada boosted their price objective on shares of Dana from $33.00 to $37.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $36.67.

Dana Stock Up 1.5%

DAN stock opened at $28.93 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.49 and a quick ratio of 1.03. The stock has a market capitalization of $3.11 billion, a price-to-earnings ratio of 2.88 and a beta of 2.05. The business’s fifty day moving average price is $29.67 and its two-hundred day moving average price is $31.08. Dana Incorporated has a fifty-two week low of $18.65 and a fifty-two week high of $39.56.

Dana (NYSE:DAN) last announced its earnings results on Thursday, August 6th. The auto parts company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.51). Dana had a net margin of 14.55% and a return on equity of 4.07%. The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.93 billion. During the same period in the previous year, the firm posted $0.13 EPS. The company’s revenue was up 3.9% compared to the same quarter last year. Dana has set its FY 2026 guidance at 1.750-2.250 EPS. On average, equities analysts anticipate that Dana Incorporated will post 1.92 earnings per share for the current year.

Dana Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 7th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Friday, August 7th. Dana’s dividend payout ratio (DPR) is 4.78%.

About Dana

Dana Incorporated (NYSE: DAN) is a global supplier of drivetrain, propulsion, thermal-management and sealing technologies for the automotive, commercial-vehicle, off-highway and industrial markets. The company develops systems that help vehicles transmit power, manage heat, reduce emissions and improve efficiency across conventional, hybrid and battery-electric platforms.

Its products include axles, driveshafts, transmissions, differentials, power-transfer units, sealing solutions, thermal-management systems and electric propulsion components.