Dana Incorporated $DAN Stock: Assenagon Asset Management S.A. Raises Position

Key Points

• Assenagon Asset Management increased its Dana position by 158.9% in the third quarter, holding 232,594 shares worth approximately $6.35 million. Institutional investors and hedge funds collectively own 96.79% of the company.
• Dana reported quarterly revenue of $2.01 billion, exceeding estimates, but earnings per share of $0.19 fell well short of the $0.70 consensus forecast. The company expects fiscal 2026 EPS of $1.75 to $2.25.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $36.67, compared with the stock’s recent price of $29.23.

Assenagon Asset Management S.A. raised its holdings in Dana Incorporated (NYSE:DAN - Free Report) by 158.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 232,594 shares of the auto parts company's stock after acquiring an additional 142,766 shares during the period. Assenagon Asset Management S.A. owned 0.22% of Dana worth $6,352,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of Dana during the 2nd quarter worth $496,741,000. Nykredit A S purchased a new position in Dana in the second quarter valued at about $84,700,000. JB Capital Partners LP acquired a new position in shares of Dana during the second quarter worth about $50,400,893. Bank of New York Mellon Corp acquired a new position in shares of Dana during the second quarter worth about $25,571,000. Finally, SG Americas Securities LLC lifted its stake in shares of Dana by 1,341.4% during the first quarter. SG Americas Securities LLC now owns 690,454 shares of the auto parts company's stock worth $23,234,000 after purchasing an additional 642,552 shares in the last quarter. 96.79% of the stock is owned by institutional investors and hedge funds.

Dana Stock Performance

Shares of NYSE DAN opened at $29.23 on Wednesday. The company has a quick ratio of 1.03, a current ratio of 1.49 and a debt-to-equity ratio of 0.66. The firm's 50-day moving average price is $29.63 and its two-hundred day moving average price is $31.01. Dana Incorporated has a 52-week low of $18.95 and a 52-week high of $39.56. The stock has a market capitalization of $3.14 billion, a P/E ratio of 54.26 and a beta of 2.05.

Dana (NYSE:DAN - Get Free Report) last posted its earnings results on Thursday, August 6th. The auto parts company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.51). The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.93 billion. Dana had a net margin of 14.55% and a return on equity of 4.07%. The firm's revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period last year, the company posted $0.13 earnings per share. Dana has set its FY 2026 guidance at 1.750-2.250 EPS. As a group, sell-side analysts forecast that Dana Incorporated will post 1.92 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on DAN. Royal Bank Of Canada raised 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. Deutsche Bank Aktiengesellschaft reduced their target price on Dana from $40.00 to $39.00 and set a "buy" rating for the company in a research note on Tuesday, July 7th. Weiss Ratings downgraded shares of Dana from a "hold (c+)" rating to a "hold (c)" rating in a research report on Tuesday, August 11th. Zacks Research lowered shares of Dana from a "hold" rating to a "strong sell" rating in a research note on Friday, October 16th. Finally, Wells Fargo & Company cut their price target on shares of Dana from $33.00 to $28.00 and set an "equal weight" rating on the stock in a report on Friday, August 7th. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $36.67.

Dana Profile

Dana Incorporated NYSE: DAN is a global supplier of drivetrain, motion, and thermal-management technologies for the automotive, commercial-vehicle, and off-highway industries. The company develops systems that help vehicles transmit power, manage heat, and operate efficiently across conventional, hybrid, and electric powertrains.

Dana's products include axles, driveshafts, gearboxes, transmissions, sealing solutions, thermal-management systems, and components for electrified propulsion.

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