Great Lakes Advisors LLC Has $4.17 Million Holdings in Dana Incorporated $DAN

Key Points

• Great Lakes Advisors LLC acquired an additional 32,241 shares of Dana Incorporated, increasing its stake by 11.5% to a total of 313,039 shares, valued at approximately $4.17 million.
• Dana's quarterly earnings fell short of expectations, reporting only $0.05 earnings per share compared to the consensus estimate of $0.40, with revenue down 5.5% year-over-year.
• Analysts have varied price targets for Dana, with some raising their estimates; the average target price stands at $21.57, reflecting a consensus rating of "Moderate Buy."

Great Lakes Advisors LLC lifted its holdings in Dana Incorporated (NYSE:DAN - Free Report) by 11.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 313,039 shares of the auto parts company's stock after purchasing an additional 32,241 shares during the quarter. Great Lakes Advisors LLC owned about 0.21% of Dana worth $4,173,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of DAN. Cornerstone Investment Partners LLC acquired a new position in shares of Dana in the 1st quarter valued at approximately $146,000. GAMMA Investing LLC grew its position in shares of Dana by 1,495.0% in the 1st quarter. GAMMA Investing LLC now owns 43,096 shares of the auto parts company's stock valued at $574,000 after purchasing an additional 40,394 shares during the period. SG Americas Securities LLC lifted its stake in Dana by 3.8% in the 1st quarter. SG Americas Securities LLC now owns 44,968 shares of the auto parts company's stock valued at $599,000 after acquiring an additional 1,662 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in Dana by 27,790.5% in the 1st quarter. Jones Financial Companies Lllp now owns 85,345 shares of the auto parts company's stock valued at $1,138,000 after acquiring an additional 85,039 shares in the last quarter. Finally, Segall Bryant & Hamill LLC bought a new stake in Dana in the 1st quarter valued at approximately $2,434,000. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Dana Stock Performance

DAN stock traded down $0.20 during trading hours on Friday, hitting $21.05. 1,135,475 shares of the stock were exchanged, compared to its average volume of 1,537,629. The company has a current ratio of 1.36, a quick ratio of 1.00 and a debt-to-equity ratio of 2.02. The firm has a market capitalization of $2.76 billion, a P/E ratio of -131.54, a P/E/G ratio of 1.97 and a beta of 2.12. The company has a 50-day simple moving average of $18.22 and a two-hundred day simple moving average of $15.98. Dana Incorporated has a 12 month low of $7.58 and a 12 month high of $21.40.

Dana (NYSE:DAN - Get Free Report) last posted its quarterly earnings data on Monday, August 11th. The auto parts company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.35). The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $2.55 billion. Dana had a positive return on equity of 5.65% and a negative net margin of 0.26%.The firm's quarterly revenue was down 5.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.31 EPS. On average, analysts forecast that Dana Incorporated will post 1.5 earnings per share for the current fiscal year.

Dana Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 8th were given a dividend of $0.10 per share. The ex-dividend date was Friday, August 8th. This represents a $0.40 annualized dividend and a yield of 1.9%. Dana's dividend payout ratio (DPR) is presently -250.00%.

Insider Activity at Dana

In related news, CAO James D. Kellett sold 11,728 shares of the firm's stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $18.65, for a total value of $218,727.20. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.46% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on DAN shares. Royal Bank Of Canada boosted their target price on Dana from $24.00 to $26.00 and gave the company an "outperform" rating in a research note on Tuesday, September 2nd. Wells Fargo & Company boosted their target price on Dana from $18.00 to $19.00 and gave the company an "equal weight" rating in a research note on Tuesday. Cfra Research upgraded Dana from a "moderate sell" rating to a "hold" rating in a research note on Tuesday, August 5th. UBS Group restated a "buy" rating and issued a $23.00 target price (up previously from $22.00) on shares of Dana in a research note on Monday, July 14th. Finally, JPMorgan Chase & Co. cut their target price on Dana from $24.00 to $23.00 and set an "overweight" rating on the stock in a research note on Monday, July 21st. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $21.57.

About Dana

Dana Incorporated, together with its subsidiaries, provides power-conveyance and energy-management solutions for vehicles and machinery in North America, Europe, South America, and the Asia Pacific. The company operates through four segments: Light Vehicle Drive Systems, Commercial Vehicle Drive and Motion Systems, Off-Highway Drive and Motion Systems, and Power Technologies.