Algert Global LLC Acquires 263,330 Shares of Dana Incorporated $DAN

Key Points

• Algert Global LLC increased its Dana stake by 380.9% in the second quarter, acquiring 263,330 shares and bringing its holdings to 332,460 shares worth approximately $9.05 million. Institutional investors collectively own 96.79% of Dana.
• Analyst sentiment remains mixed, with four Buy, three Hold and one Sell rating; the average price target is $37, compared with Dana’s opening price of $30.04.
• Dana reported quarterly revenue of $2.01 billion, above estimates, but earnings per share of $0.19 missed expectations of $0.70. The company declared a quarterly dividend of $0.12 per share, equivalent to a 1.6% annualized yield.

Algert Global LLC grew its position in shares of Dana Incorporated (NYSE:DAN - Free Report) by 380.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 332,460 shares of the auto parts company's stock after acquiring an additional 263,330 shares during the quarter. Algert Global LLC owned 0.31% of Dana worth $9,046,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DAN. Captrust Financial Advisors bought a new position in shares of Dana during the 2nd quarter valued at approximately $176,000. State of Tennessee Department of Treasury lifted its stake in shares of Dana by 10.7% during the 2nd quarter. State of Tennessee Department of Treasury now owns 55,842 shares of the auto parts company's stock valued at $958,000 after buying an additional 5,405 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in Dana by 3.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 927,987 shares of the auto parts company's stock worth $18,597,000 after buying an additional 27,712 shares during the period. Entropy Technologies LP boosted its holdings in shares of Dana by 266.2% in the third quarter. Entropy Technologies LP now owns 37,303 shares of the auto parts company's stock worth $748,000 after acquiring an additional 27,116 shares during the period. Finally, Horizon Investments LLC purchased a new position in shares of Dana in the third quarter valued at $553,000. Hedge funds and other institutional investors own 96.79% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on DAN. UBS Group dropped their price objective on shares of Dana from $39.00 to $38.00 and set a "buy" rating for the company in a report on Friday, August 7th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Dana from $40.00 to $39.00 and set a "buy" rating for the company in a report on Tuesday, July 7th. Zacks Research lowered Dana from a "hold" rating to a "strong sell" rating in a research report on Tuesday, June 16th. Barclays boosted their price objective on shares of Dana from $33.00 to $35.00 and gave the stock an "equal weight" rating in a report on Friday, August 14th. Finally, Royal Bank Of Canada increased their target price on Dana from $33.00 to $37.00 and gave the company an "outperform" rating in a research note on Friday, August 7th. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $37.00.

Dana Stock Down 0.4%

NYSE DAN opened at $30.04 on Thursday. The company has a quick ratio of 1.03, a current ratio of 1.49 and a debt-to-equity ratio of 0.66. Dana Incorporated has a 52 week low of $17.74 and a 52 week high of $39.56. The company has a market capitalization of $3.23 billion, a P/E ratio of 2.99 and a beta of 1.99. The stock's 50-day moving average price is $28.11 and its 200-day moving average price is $32.06.

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 return on equity of 4.07% and a net margin of 14.55%.The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter in the previous year, the company earned $0.13 earnings per share. The business'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. On average, equities research analysts predict that Dana Incorporated will post 1.93 earnings per share for the current year.

Dana Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 7th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Friday, August 7th. Dana's dividend payout ratio is currently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source