Bessemer Group Inc. Acquires 63,879 Shares of Dana Incorporated $DAN

Key Points

• Bessemer Group Inc. increased its stake in Dana Incorporated by 44.3% in the first quarter, adding 63,879 shares and bringing its total holding to 208,088 shares worth about $7.0 million.
• Dana reported Q1 earnings of $0.14 per share, missing analyst expectations of $0.32, on revenue of $1.87 billion. Analysts still expect the company to post 2.07 EPS for the full year.
• Wall Street sentiment remains mixed: Dana has a consensus Hold rating and an average price target of $37, even as several firms recently cut targets and one upgraded its outlook.

Bessemer Group Inc. boosted its holdings in shares of Dana Incorporated (NYSE:DAN - Free Report) by 44.3% in the first quarter, according to its most recent filing with the SEC. The firm owned 208,088 shares of the auto parts company's stock after acquiring an additional 63,879 shares during the period. Bessemer Group Inc. owned 0.19% of Dana worth $7,002,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in DAN. EverSource Wealth Advisors LLC boosted its position in shares of Dana by 39.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,580 shares of the auto parts company's stock worth $38,000 after purchasing an additional 445 shares during the last quarter. GAMMA Investing LLC increased its holdings in Dana by 11.3% in the fourth quarter. GAMMA Investing LLC now owns 4,315 shares of the auto parts company's stock valued at $103,000 after purchasing an additional 439 shares during the last quarter. Captrust Financial Advisors acquired a new position in Dana in the second quarter valued at about $176,000. Catalyst Funds Management Pty Ltd acquired a new position in Dana in the fourth quarter valued at about $309,000. Finally, Horizon Investments LLC bought a new position in Dana during the third quarter worth about $553,000. Institutional investors own 96.79% of the company's stock.

Dana Stock Up 0.0%

Shares of Dana stock opened at $26.57 on Monday. The company has a market capitalization of $2.88 billion, a P/E ratio of 2.58 and a beta of 1.99. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.57 and a quick ratio of 1.09. The business has a 50-day moving average of $30.99 and a two-hundred day moving average of $31.86. Dana Incorporated has a 1 year low of $15.31 and a 1 year high of $39.56.

Dana (NYSE:DAN - Get Free Report) last released its quarterly earnings data on Friday, May 15th. The auto parts company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.18). Dana had a net margin of 15.12% and a return on equity of 3.56%. The business had revenue of $1.87 billion for the quarter. As a group, equities analysts predict that Dana Incorporated will post 2.07 EPS for the current year.

Dana Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 8th were paid a $0.12 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $0.48 dividend on an annualized basis and a yield of 1.8%. Dana's payout ratio is presently 4.66%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on DAN shares. Weiss Ratings lowered Dana from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Monday, July 6th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Dana from $40.00 to $39.00 and set a "buy" rating on the stock in a research note on Tuesday, July 7th. Wells Fargo & Company decreased their price objective on shares of Dana from $36.00 to $33.00 and set an "equal weight" rating for the company in a report on Friday, June 12th. Royal Bank Of Canada lowered their target price on shares of Dana from $41.00 to $33.00 and set an "outperform" rating for the company in a research note on Monday, July 13th. Finally, JPMorgan Chase & Co. increased their target price on shares of Dana from $39.00 to $45.00 and gave the stock an "overweight" rating in a report on Thursday, April 23rd. Four analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $37.00.

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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