Engineers Gate Manager LP Purchases 56,766 Shares of Dana Incorporated $DAN

Key Points

• Engineers Gate Manager LP increased its Dana stake by 59.1% in the second quarter, purchasing 56,766 shares to own 152,871 shares valued at approximately $4.16 million. Institutional investors and hedge funds collectively own 96.79% of Dana.
• Analyst sentiment remains moderately positive, with a consensus “Moderate Buy” rating and an average price target of $37.00, despite several recent target-price reductions.
• Dana shares opened at $31.09, while the company’s latest quarterly earnings missed estimates at $0.19 per share versus $0.70 expected. Revenue rose 3.9% year over year to $2.01 billion, and Dana maintains a $0.12 quarterly dividend yielding approximately 1.5%.

Engineers Gate Manager LP increased its position in shares of Dana Incorporated (NYSE:DAN - Free Report) by 59.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 152,871 shares of the auto parts company's stock after purchasing an additional 56,766 shares during the period. Engineers Gate Manager LP owned approximately 0.14% of Dana worth $4,160,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its holdings 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 buying an additional 445 shares in the last quarter. Plato Investment Management Ltd acquired a new position in shares of Dana in the second quarter valued at about $45,000. Pinnacle Holdings LLC acquired a new position in shares of Dana in the second quarter valued at about $49,000. Northwestern Mutual Wealth Management Co. bought a new position in Dana during the second quarter worth about $49,000. Finally, Parallel Advisors LLC increased its position in Dana by 105.2% during the first quarter. Parallel Advisors LLC now owns 1,925 shares of the auto parts company's stock worth $65,000 after acquiring an additional 987 shares during the period. 96.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on DAN. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Dana from $40.00 to $39.00 and set a "buy" rating on the stock in a research report on Tuesday, July 7th. Weiss Ratings cut Dana from a "hold (c+)" rating to a "hold (c)" rating in a research note on Tuesday, August 11th. UBS Group reduced their price target on Dana from $39.00 to $38.00 and set a "buy" rating on the stock in a research report on Friday, August 7th. Barclays lifted their price objective on Dana from $33.00 to $35.00 and gave the company an "equal weight" rating in a report on Friday, August 14th. Finally, Wells Fargo & Company reduced their target price on Dana from $33.00 to $28.00 and set an "equal weight" rating on the stock in a report on Friday, August 7th. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $37.00.

Dana Trading Up 1.4%

Shares of DAN stock opened at $31.09 on Friday. Dana Incorporated has a fifty-two week low of $17.74 and a fifty-two week high of $39.56. The stock's fifty day moving average price is $28.87 and its two-hundred day moving average price is $31.87. 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 company has a market cap of $3.34 billion, a PE ratio of 3.09 and a beta of 2.01.

Dana (NYSE:DAN - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The auto parts company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.51). The business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.93 billion. Dana had a return on equity of 4.07% and a net margin of 14.55%.Dana's quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.13 earnings per share. Dana has set its FY 2026 guidance at 1.750-2.250 EPS. Equities analysts predict that Dana Incorporated will post 1.93 EPS for the current fiscal year.

Dana Dividend Announcement

The business also recently declared 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. The ex-dividend date of this dividend was Friday, August 7th. This represents a $0.48 annualized dividend and a dividend yield of 1.5%. Dana's payout ratio is 4.78%.

Dana Company Profile

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

Its product portfolio includes axles, driveshafts, differentials, transmissions, sealing and thermal-management systems, and electrified propulsion components such as electric motors, inverters, gearboxes, and complete e-Propulsion systems.

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