Great Lakes Advisors LLC Raises Position 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 increased its holdings in Dana Incorporated (NYSE:DAN - Free Report) by 11.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund 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 approximately 0.21% of Dana worth $4,173,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Cornerstone Investment Partners LLC bought a new stake in shares of Dana in the first quarter worth $146,000. GAMMA Investing LLC boosted its position in Dana by 1,495.0% during the first quarter. GAMMA Investing LLC now owns 43,096 shares of the auto parts company's stock valued at $574,000 after acquiring an additional 40,394 shares during the last quarter. SG Americas Securities LLC boosted its position in Dana by 3.8% during the first 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 during the last quarter. Jones Financial Companies Lllp boosted its position in Dana by 27,790.5% during the first 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 during the last quarter. Finally, Segall Bryant & Hamill LLC bought a new stake in Dana during the first quarter valued at $2,434,000. Institutional investors own 96.79% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. cut their price objective on shares of Dana from $24.00 to $23.00 and set an "overweight" rating on the stock in a research report on Monday, July 21st. Wells Fargo & Company increased their price objective on shares of Dana from $18.00 to $19.00 and gave the stock an "equal weight" rating in a research report on Tuesday, September 9th. Barclays reissued an "overweight" rating and set a $25.00 price objective (up previously from $20.00) on shares of Dana in a research report on Thursday, June 12th. Royal Bank Of Canada increased their price objective on shares of Dana from $24.00 to $26.00 and gave the stock an "outperform" rating in a research report on Tuesday, September 2nd. Finally, Wall Street Zen upgraded shares of Dana from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $21.57.

Insider Buying and Selling at Dana

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

Dana Price Performance

NYSE:DAN traded up $0.11 during trading hours on Monday, hitting $21.15. The stock had a trading volume of 273,654 shares, compared to its average volume of 1,904,624. The company has a 50 day simple moving average of $18.22 and a two-hundred day simple moving average of $15.99. The company has a debt-to-equity ratio of 2.02, a current ratio of 1.36 and a quick ratio of 1.00. Dana Incorporated has a one year low of $7.58 and a one year high of $21.40. The firm has a market capitalization of $2.77 billion, a price-to-earnings ratio of -132.27, a P/E/G ratio of 1.95 and a beta of 2.12.

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 company had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $2.55 billion. Dana had a negative net margin of 0.26% and a positive return on equity of 5.65%. The business's quarterly revenue was down 5.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.31 EPS. Research analysts forecast that Dana Incorporated will post 1.5 earnings per share for the current fiscal year.

Dana Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders 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 dividend yield of 1.9%. Dana's dividend payout ratio (DPR) is -250.00%.

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.