Meeder Asset Management Inc. bought a new position in shares of Dana Inc (NYSE:DAN) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 44,205 shares of the auto parts company’s stock, valued at approximately $784,000.

Several other institutional investors also recently bought and sold shares of the company. BlackRock Inc. grew its position in shares of Dana by 2.6% during the 4th quarter. BlackRock Inc. now owns 19,251,879 shares of the auto parts company’s stock worth $262,402,000 after buying an additional 490,320 shares during the period. Wedge Capital Management L L P NC grew its position in shares of Dana by 1.0% during the 4th quarter. Wedge Capital Management L L P NC now owns 6,467,658 shares of the auto parts company’s stock worth $88,154,000 after buying an additional 63,654 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Dana by 3.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,342,857 shares of the auto parts company’s stock worth $59,193,000 after buying an additional 137,551 shares during the period. Frontier Capital Management Co. LLC grew its position in shares of Dana by 117.6% during the 4th quarter. Frontier Capital Management Co. LLC now owns 2,814,475 shares of the auto parts company’s stock worth $38,361,000 after buying an additional 1,520,977 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of Dana by 29.7% during the 4th quarter. Bank of New York Mellon Corp now owns 2,619,399 shares of the auto parts company’s stock worth $35,703,000 after buying an additional 599,876 shares during the period. Institutional investors own 95.72% of the company’s stock.

Shares of DAN opened at $20.49 on Friday. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.66 and a quick ratio of 1.07. Dana Inc has a 52-week low of $12.65 and a 52-week high of $26.64. The company has a market capitalization of $2.98 billion, a P/E ratio of 6.90, a price-to-earnings-growth ratio of 1.41 and a beta of 1.86.

Dana (NYSE:DAN) last issued its quarterly earnings data on Friday, February 15th. The auto parts company reported $0.71 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.05. Dana had a return on equity of 33.01% and a net margin of 5.24%. The business had revenue of $1.97 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same period in the previous year, the firm earned $0.62 EPS. Dana’s quarterly revenue was up 7.4% compared to the same quarter last year. Equities analysts forecast that Dana Inc will post 3.28 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 1st were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date of this dividend was Thursday, February 28th. Dana’s dividend payout ratio (DPR) is currently 13.47%.

Several research firms have recently issued reports on DAN. Wolfe Research lowered Dana from an “outperform” rating to a “peer perform” rating in a research report on Thursday. They noted that the move was a valuation call. Zacks Investment Research lowered Dana from a “buy” rating to a “hold” rating in a research report on Tuesday, March 26th. Buckingham Research set a $21.00 price objective on Dana and gave the company a “hold” rating in a research report on Thursday, February 28th. TheStreet upgraded Dana from a “c” rating to a “b” rating in a research report on Wednesday, February 20th. Finally, Royal Bank of Canada boosted their price objective on Dana from $22.00 to $23.00 and gave the company an “outperform” rating in a research report on Tuesday, March 12th. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $21.60.

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About Dana

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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Institutional Ownership by Quarter for Dana (NYSE:DAN)

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