Dana Incorporated $DAN Stake Boosted by Jones Financial Companies Lllp

Key Points

• Jones Financial Companies Lllp increased its stake in Dana Incorporated by 27,790.5%, acquiring a total of 85,345 shares valued at approximately $1.14 million.
• Several institutional investors, including JB Capital Partners LP and GAMMA Investing LLC, have also adjusted their holdings in Dana, which is now predominantly owned (96.79%) by institutional investors.
• Dana's quarterly earnings reported a miss, with an EPS of $0.05 compared to the consensus estimate of $0.40, and revenue of $1.94 billion versus expectations of $2.55 billion.

Jones Financial Companies Lllp raised its stake in Dana Incorporated (NYSE:DAN - Free Report) by 27,790.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 85,345 shares of the auto parts company's stock after acquiring an additional 85,039 shares during the period. Jones Financial Companies Lllp owned approximately 0.06% of Dana worth $1,138,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in DAN. JB Capital Partners LP boosted its position in Dana by 1.1% in the 1st quarter. JB Capital Partners LP now owns 1,852,293 shares of the auto parts company's stock valued at $24,524,000 after buying an additional 20,000 shares during the period. Segall Bryant & Hamill LLC purchased a new stake in Dana in the 1st quarter valued at about $2,434,000. SG Americas Securities LLC boosted its position 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 buying an additional 1,662 shares during the period. GAMMA Investing LLC boosted its position in 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 during the period. Finally, Cornerstone Investment Partners LLC purchased a new stake in Dana in the 1st quarter valued at about $146,000. 96.79% of the stock is currently owned by institutional investors.

Dana Price Performance

DAN traded up $0.57 during midday trading on Thursday, hitting $21.00. 1,621,432 shares of the company traded hands, compared to its average volume of 1,515,427. 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 company has a market capitalization of $2.75 billion, a price-to-earnings ratio of -131.25, a PEG ratio of 1.89 and a beta of 2.12. Dana Incorporated has a 52-week low of $7.58 and a 52-week high of $21.40. The business has a 50 day simple moving average of $18.50 and a two-hundred day simple moving average of $16.14.

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

Dana Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 8th were given a $0.10 dividend. 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 is -250.00%.

Insider Buying and Selling

In other Dana news, CAO James D. Kellett sold 11,728 shares of the business's stock in a transaction on Wednesday, August 13th. The shares were 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 through this link. 0.46% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on DAN. Wells Fargo & Company upped their price target 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. Cfra Research raised shares of Dana from a "moderate sell" rating to a "hold" rating in a research report on Tuesday, August 5th. Barclays reaffirmed an "overweight" rating and issued a $25.00 price target (up previously from $20.00) on shares of Dana in a research report on Thursday, June 12th. Royal Bank Of Canada upped their price target 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, JPMorgan Chase & Co. lowered their price target 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. 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.com, the stock has an average rating of "Moderate Buy" and an average price target of $21.57.

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.