JB Capital Partners LP Purchases 20,000 Shares of 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 raised its holdings in shares of Dana Incorporated (NYSE:DAN - Free Report) by 1.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,852,293 shares of the auto parts company's stock after purchasing an additional 20,000 shares during the period. Dana comprises about 5.2% of JB Capital Partners LP's portfolio, making the stock its 8th largest holding. JB Capital Partners LP owned approximately 1.27% of Dana worth $24,524,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. MetLife Investment Management LLC raised its position in shares of Dana by 6.1% during the 4th quarter. MetLife Investment Management LLC now owns 79,026 shares of the auto parts company's stock worth $914,000 after purchasing an additional 4,531 shares during the period. State of Tennessee Department of Treasury grew its stake in Dana by 6.6% during the 4th quarter. State of Tennessee Department of Treasury now owns 54,271 shares of the auto parts company's stock worth $627,000 after buying an additional 3,368 shares during the last quarter. GAMMA Investing LLC increased its position in Dana by 1,495.0% in the first quarter. GAMMA Investing LLC now owns 43,096 shares of the auto parts company's stock worth $574,000 after buying an additional 40,394 shares during the period. SG Americas Securities LLC lifted its stake in Dana by 3.8% in the first 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 during the last quarter. Finally, Cornerstone Investment Partners LLC bought a new stake in Dana in the first quarter valued at $146,000. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Dana Price Performance

Shares of NYSE:DAN traded down $0.15 during trading hours on Friday, hitting $20.20. 442,297 shares of the company's stock traded hands, compared to its average volume of 1,930,667. The company has a debt-to-equity ratio of 2.02, a quick ratio of 1.00 and a current ratio of 1.36. The company's fifty day simple moving average is $17.50 and its two-hundred day simple moving average is $15.64. Dana Incorporated has a 52 week low of $7.58 and a 52 week high of $20.62. The company has a market cap of $2.65 billion, a price-to-earnings ratio of -126.28, a price-to-earnings-growth ratio of 1.90 and a beta of 2.14.

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

Dana Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Wells Fargo & Company restated a "buy" rating on shares of Dana in a research report on Thursday, June 12th. Cfra Research upgraded shares of Dana from a "moderate sell" rating to a "hold" rating in a research report on Tuesday, August 5th. JPMorgan Chase & Co. cut their price target on Dana from $24.00 to $23.00 and set an "overweight" rating on the stock in a report on Monday, July 21st. UBS Group reissued a "buy" rating and issued a $23.00 price objective (up from $22.00) on shares of Dana in a report on Monday, July 14th. Finally, Barclays reaffirmed an "overweight" rating and set a $25.00 target price (up previously from $20.00) on shares of Dana in a research note on Thursday, June 12th. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, Dana presently has an average rating of "Moderate Buy" and a consensus target price of $21.00.

Insider Activity

In other news, CAO James D. Kellett sold 11,728 shares of the company's stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $18.65, for a total transaction of $218,727.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.46% of the stock is owned by company insiders.

Dana Company Profile

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.