Nykredit A S Acquires Shares of 2,244,797 Dana Incorporated $DAN

Key Points

• Nykredit A/S acquired 2.24 million Dana shares in the second quarter, valued at approximately $61.1 million and representing a 2.09% stake. Institutional investors collectively own 96.79% of the company.
• Dana’s latest quarterly results included $2.01 billion in revenue, up 3.9% year over year and above estimates, but earnings per share of $0.19 fell well short of the $0.70 consensus forecast.
• The stock recently traded at $29.86, while analysts maintain a “Moderate Buy” consensus with an average price target of $37.00. Dana also pays a quarterly dividend of $0.12 per share, yielding approximately 1.6%.

Nykredit A S bought a new stake in shares of Dana Incorporated (NYSE:DAN - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,244,797 shares of the auto parts company's stock, valued at approximately $61,081,000. Nykredit A S owned 2.09% of Dana at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of DAN. The Manufacturers Life Insurance Company bought a new stake in shares of Dana in the 2nd quarter valued at about $1,447,000. BlackRock Inc. purchased a new stake in Dana during the second quarter worth $496,741,000. Bessemer Group Inc. boosted its position in Dana by 44.3% during the 1st quarter. Bessemer Group Inc. now owns 208,088 shares of the auto parts company's stock valued at $7,002,000 after acquiring an additional 63,879 shares in the last quarter. Jupiter Topco LLC bought a new stake in Dana during the 2nd quarter valued at $1,336,000. Finally, Deutsche Bank AG purchased a new position in shares of Dana in the 2nd quarter valued at $3,768,000. 96.79% of the stock is owned by institutional investors.

Dana Trading Down 2.1%

Shares of DAN opened at $29.86 on Friday. Dana Incorporated has a 52-week low of $17.74 and a 52-week high of $39.56. The company has a quick ratio of 1.03, a current ratio of 1.49 and a debt-to-equity ratio of 0.66. The firm's fifty day moving average is $29.27 and its two-hundred day moving average is $31.70. The stock has a market cap of $3.21 billion, a PE ratio of 2.97 and a beta of 2.01.

Dana (NYSE:DAN - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The auto parts company reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates of $0.70 by ($0.51). Dana had a return on equity of 4.07% and a net margin of 14.55%.The business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.93 billion. During the same quarter in the previous year, the firm posted $0.13 earnings per share. The business's revenue was up 3.9% compared to the same quarter last year. Dana has set its FY 2026 guidance at 1.750-2.250 EPS. Research analysts forecast that Dana Incorporated will post 1.93 earnings per share for the current fiscal year.

Dana Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 7th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, August 7th. Dana's payout ratio is presently 4.78%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Barclays raised their price objective on Dana from $33.00 to $35.00 and gave the stock an "equal weight" rating in a research note on Friday, August 14th. Wells Fargo & Company cut their price objective on shares of Dana from $33.00 to $28.00 and set an "equal weight" rating on the stock in a research note on Friday, August 7th. Weiss Ratings cut shares of Dana from a "hold (c+)" rating to a "hold (c)" rating in a report on Tuesday, August 11th. Deutsche Bank Aktiengesellschaft lowered their target price on Dana from $40.00 to $39.00 and set a "buy" rating on the stock in a research note on Tuesday, July 7th. Finally, Zacks Research raised Dana from a "strong sell" rating to a "hold" rating in a report on Tuesday, September 8th. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $37.00.

Dana Profile

Dana Incorporated NYSE: DAN is a global supplier of drivetrain, propulsion, and thermal-management technologies for the automotive, commercial vehicle, and off-highway markets. The company develops and manufactures systems that help vehicles transmit power, manage heat, and improve efficiency across conventional, hybrid, and electric powertrains.

Its product portfolio includes axles, driveshafts, differentials, transmissions, sealing and thermal-management systems, and electrified propulsion components such as electric motors, inverters, gearboxes, and complete e-Propulsion systems.

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