68,868 Shares in Dana Incorporated $DAN Acquired by Freestone Grove Partners LP

Key Points

• Freestone Grove Partners LP initiated a position in Dana by purchasing 68,868 shares valued at approximately $1.87 million. Institutional investors collectively own 96.79% of the company.
• Analyst sentiment remains mixed: Dana has a consensus rating of “Hold” and an average price target of $37, with recent target changes ranging from $28 to $39.
• Dana reported quarterly revenue of $2.01 billion, up 3.9% year over year, but earnings per share of $0.19 fell short of the $0.70 consensus estimate. The company also maintains a quarterly dividend of $0.12 per share, yielding about 1.6%.

Freestone Grove Partners LP bought a new position in shares of Dana Incorporated (NYSE:DAN - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 68,868 shares of the auto parts company's stock, valued at approximately $1,874,000. Freestone Grove Partners LP owned 0.06% of Dana as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. EverSource Wealth Advisors LLC increased its position in shares of Dana by 39.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,580 shares of the auto parts company's stock worth $38,000 after acquiring an additional 445 shares in the last quarter. Plato Investment Management Ltd bought a new stake in Dana in the 2nd quarter valued at $45,000. Pinnacle Holdings LLC bought a new stake in Dana in the 2nd quarter valued at $49,000. Northwestern Mutual Wealth Management Co. acquired a new position in Dana in the 2nd quarter worth $49,000. Finally, Parallel Advisors LLC boosted its stake in Dana by 105.2% in the 1st quarter. Parallel Advisors LLC now owns 1,925 shares of the auto parts company's stock worth $65,000 after purchasing an additional 987 shares during the period. Institutional investors own 96.79% of the company's stock.

Analyst Ratings Changes

DAN has been the topic of several recent research reports. Weiss Ratings downgraded Dana from a "hold (c+)" rating to a "hold (c)" rating in a research note on Tuesday, August 11th. UBS Group reduced their price objective on Dana from $39.00 to $38.00 and set a "buy" rating for the company in a research report on Friday, August 7th. Wells Fargo & Company decreased their price objective on Dana from $33.00 to $28.00 and set an "equal weight" rating for the company in a report on Friday, August 7th. Barclays lifted their target price on Dana from $33.00 to $35.00 and gave the company an "equal weight" rating in a research report on Friday, August 14th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on Dana from $40.00 to $39.00 and set a "buy" rating for the company in a research report on Tuesday, July 7th. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $37.00.

Dana Stock Performance

DAN opened at $30.33 on Friday. Dana Incorporated has a 52-week low of $17.74 and a 52-week high of $39.56. The firm has a market capitalization of $3.26 billion, a PE ratio of 3.02 and a beta of 1.99. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.03 and a current ratio of 1.49. The business's 50-day simple moving average is $28.15 and its 200 day simple moving average is $32.04.

Dana (NYSE:DAN - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The auto parts company reported $0.19 earnings per share 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 company had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter in the prior year, the business earned $0.13 earnings per share. The firm's revenue for the quarter was up 3.9% compared to the same quarter last year. Dana has set its FY 2026 guidance at 1.750-2.250 EPS. As a group, sell-side analysts expect that Dana Incorporated will post 1.93 earnings per share for the current fiscal year.

Dana Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 7th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Friday, August 7th. Dana's payout ratio is presently 4.78%.

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.

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