Robotti Robert Has $2.92 Million Stake in Dana Incorporated $DAN

Robotti Robert trimmed its position in shares of Dana Incorporated (NYSE:DAN) by 1.5% during the 2nd quarter, HoldingsChannel reports. The firm owned 169,943 shares of the auto parts company’s stock after selling 2,525 shares during the quarter. Robotti Robert’s holdings in Dana were worth $2,915,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. FNY Investment Advisers LLC acquired a new stake in shares of Dana in the second quarter worth $25,000. Jones Financial Companies Lllp grew its position in Dana by 27,790.5% during the first quarter. Jones Financial Companies Lllp now owns 85,345 shares of the auto parts company’s stock valued at $1,138,000 after purchasing an additional 85,039 shares in the last quarter. Segall Bryant & Hamill LLC grew its position in Dana by 6.4% during the second quarter. Segall Bryant & Hamill LLC now owns 194,338 shares of the auto parts company’s stock valued at $3,333,000 after purchasing an additional 11,711 shares in the last quarter. Great Lakes Advisors LLC increased its stake in Dana by 11.5% in the 1st quarter. Great Lakes Advisors LLC now owns 313,039 shares of the auto parts company’s stock valued at $4,173,000 after buying an additional 32,241 shares during the period. Finally, Rhumbline Advisers lifted its position in Dana by 2.2% in the 2nd quarter. Rhumbline Advisers now owns 401,017 shares of the auto parts company’s stock worth $6,877,000 after buying an additional 8,787 shares in the last quarter. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on DAN shares. Royal Bank Of Canada boosted their price target on shares of Dana from $24.00 to $26.00 and gave the company an “outperform” rating in a report on Tuesday, September 2nd. UBS Group lifted their price objective on Dana from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dana in a research report on Tuesday, November 25th. Barclays raised their price target on Dana from $25.00 to $27.00 and gave the stock an “overweight” rating in a research note on Friday, October 10th. Finally, Wells Fargo & Company lowered their price target on Dana from $22.00 to $21.00 and set an “equal weight” rating for the company in a research note on Friday, October 3rd. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.57.

Dana Price Performance

NYSE DAN opened at $22.48 on Tuesday. Dana Incorporated has a 1 year low of $10.11 and a 1 year high of $22.91. The company has a fifty day simple moving average of $20.28 and a 200 day simple moving average of $18.73. The company has a current ratio of 1.31, a quick ratio of 1.00 and a debt-to-equity ratio of 2.23. The company has a market cap of $2.63 billion, a P/E ratio of 49.95, a P/E/G ratio of 1.47 and a beta of 2.16.

Dana (NYSE:DAN) last announced 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 return on equity of 6.35% and a net margin of 0.64%.The firm had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same quarter last year, the business earned $0.12 EPS. The business’s revenue was up 1.1% compared to the same quarter last year. Dana has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that Dana Incorporated will post 1.5 EPS for the current year.

Dana Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 7th were paid a dividend of $0.10 per share. The ex-dividend date was Friday, November 7th. This represents a $0.40 annualized dividend and a yield of 1.8%. Dana’s dividend payout ratio is presently 88.89%.

Dana Profile

Dana Incorporated, together with its subsidiaries, provides power-conveyance and energy-management solutions for vehicles and machinery in North America, Europe, South America, and the Asia Pacific. The company operates through four segments: Light Vehicle Drive Systems, Commercial Vehicle Drive and Motion Systems, Off-Highway Drive and Motion Systems, and Power Technologies.