JB Capital Partners LP Boosts Stock Holdings in Dana Incorporated $DAN

Key Points

• JB Capital Partners LP increased its stake in Dana Incorporated by 1.1% by purchasing an additional 20,000 shares, bringing its total ownership to approximately 1.85 million shares, valued at about $24.5 million.
• Research analysts have raised their price targets for Dana, with Barclays setting a new target of $25.00, up from $20.00, reflecting an overall optimistic outlook for the stock.
• The company reported a disappointing earnings quarter with a loss per share of $0.35 compared to expectations of $0.40, alongside a 5.5% decline in revenue year-over-year.

JB Capital Partners LP grew its position in Dana Incorporated (NYSE:DAN - Free Report) by 1.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,852,293 shares of the auto parts company's stock after buying an additional 20,000 shares during the quarter. Dana accounts for about 5.2% of JB Capital Partners LP's portfolio, making the stock its 8th largest holding. JB Capital Partners LP owned about 1.27% of Dana worth $24,524,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in 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 raised 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 buying an additional 40,394 shares in the last quarter. SG Americas Securities LLC raised its position in shares of 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 buying an additional 1,662 shares in the last quarter. State of Tennessee Department of Treasury raised its position in shares of Dana by 6.6% in the 4th quarter. State of Tennessee Department of Treasury now owns 54,271 shares of the auto parts company's stock valued at $627,000 after buying an additional 3,368 shares in the last quarter. Finally, MetLife Investment Management LLC raised its position in shares of Dana by 6.1% in the 4th quarter. MetLife Investment Management LLC now owns 79,026 shares of the auto parts company's stock valued at $914,000 after buying an additional 4,531 shares in the last quarter. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Dana Trading Up 0.8%

DAN traded up $0.16 during trading on Wednesday, reaching $20.51. 1,337,352 shares of the company's stock were exchanged, compared to its average volume of 2,263,838. Dana Incorporated has a one year low of $7.58 and a one year high of $20.62. 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 stock has a market capitalization of $2.69 billion, a PE ratio of -128.16, a price-to-earnings-growth ratio of 1.88 and a beta of 2.14. The firm has a fifty day moving average price of $17.44 and a two-hundred day moving average price of $15.61.

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

Dana Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 8th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Friday, August 8th. Dana's payout ratio is presently -250.00%.

Insiders Place Their Bets

In other Dana news, CAO James D. Kellett sold 11,728 shares of the business's stock in a transaction that occurred 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 document filed with the SEC, which can be accessed through this hyperlink. 0.46% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on DAN. Cfra Research upgraded shares of Dana from a "moderate sell" rating to a "hold" rating in a research report on Tuesday, August 5th. Royal Bank Of Canada reiterated an "outperform" rating and set a $24.00 price objective (up from $20.00) on shares of Dana in a research report on Thursday, June 12th. Wall Street Zen upgraded shares of Dana from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. JPMorgan Chase & Co. lowered their price objective on shares of Dana from $24.00 to $23.00 and set an "overweight" rating for the company in a research report on Monday, July 21st. Finally, UBS Group reiterated a "buy" rating and set a $23.00 price objective (up from $22.00) on shares of Dana in a research report on Monday, July 14th. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Dana currently has an average rating of "Moderate Buy" and an average price target of $21.00.

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.