JB Capital Partners LP Purchases Shares of 1,852,293 Dana Incorporated $DAN

Key Points

• JB Capital Partners LP acquired 1,852,293 Dana shares worth approximately $50.4 million, giving it a 1.72% stake and making Dana its fourth-largest holding. Institutional investors collectively own 96.79% of the stock.
• Dana’s shares rose 3.2% to $31.74, but the company’s latest earnings fell short of expectations: adjusted EPS was $0.19 versus the $0.70 consensus, despite revenue increasing 3.9% year over year to $2.01 billion.
• Dana declared a quarterly dividend of $0.12, equivalent to a $0.48 annualized payout and a 1.5% yield. Analysts maintain a consensus “Hold” rating with an average price target of $37.00.

JB Capital Partners LP acquired a new position in shares of Dana Incorporated (NYSE:DAN - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,852,293 shares of the auto parts company's stock, valued at approximately $50,400,893,000. Dana accounts for about 7.8% of JB Capital Partners LP's holdings, making the stock its 4th largest holding. JB Capital Partners LP owned 1.72% of Dana at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its stake in Dana by 39.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,580 shares of the auto parts company's stock valued at $38,000 after purchasing an additional 445 shares during the period. Plato Investment Management Ltd acquired a new position in shares of Dana during the second quarter worth approximately $45,000. Parallel Advisors LLC boosted its position in shares of Dana by 105.2% in the first quarter. Parallel Advisors LLC now owns 1,925 shares of the auto parts company's stock valued at $65,000 after acquiring an additional 987 shares during the period. Captrust Financial Advisors bought a new stake in shares of Dana in the second quarter valued at approximately $176,000. Finally, GSA Capital Partners LLP acquired a new stake in shares of Dana in the second quarter worth $252,000. 96.79% of the stock is currently owned by institutional investors.

Dana Stock Up 3.2%

NYSE:DAN opened at $31.74 on Friday. Dana Incorporated has a 52-week low of $17.74 and a 52-week high of $39.56. 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 stock has a 50-day simple moving average of $28.05 and a 200 day simple moving average of $32.05. The company has a market cap of $3.41 billion, a PE ratio of 3.16 and a beta of 1.99.

Dana (NYSE:DAN - Get Free Report) last issued its quarterly earnings results 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 revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.13 earnings per share. Dana has set its FY 2026 guidance at 1.750-2.250 EPS. On average, sell-side analysts expect that Dana Incorporated will post 1.93 EPS for the current fiscal year.

Dana Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 7th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, August 7th. This represents a $0.48 annualized dividend and a dividend yield of 1.5%. Dana's dividend payout ratio (DPR) is currently 4.78%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on DAN. Barclays raised their price objective on Dana from $33.00 to $35.00 and gave the stock an "equal weight" rating in a research report on Friday, August 14th. Royal Bank Of Canada boosted their price objective on Dana from $33.00 to $37.00 and gave the stock an "outperform" rating in a research note on Friday, August 7th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Dana from $40.00 to $39.00 and set a "buy" rating for the company in a research report on Tuesday, July 7th. Wells Fargo & Company cut their target price on shares of Dana from $33.00 to $28.00 and set an "equal weight" rating on the stock in a research report on Friday, August 7th. Finally, UBS Group reduced their target price on Dana from $39.00 to $38.00 and set a "buy" rating on the stock in a report on Friday, August 7th. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Dana currently has a consensus rating of "Hold" and an average price target of $37.00.

Dana Profile

Dana Incorporated is a global leader in the design and manufacture of drivetrain, sealing, and thermal-management technologies for the automotive, commercial vehicle, off-highway and industrial markets. The company's product portfolio includes axles, driveshafts, transmissions, e-Propulsion systems and thermal-management assemblies that help improve fuel efficiency, reduce emissions and enhance vehicle performance. Dana's expertise spans internal combustion and electrified powertrains, positioning it to support both traditional and next-generation mobility solutions.

Founded in 1904 by Clarence W.

Want to see what other hedge funds are holding DAN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dana Incorporated (NYSE:DAN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source