PDT Partners LLC Takes Position in Dana Incorporated $DAN

Key Points

• PDT Partners acquired 386,747 Dana shares worth approximately $10.5 million, representing a 0.36% stake. Institutional investors collectively own 96.79% of the company.
• Dana’s latest quarterly earnings missed expectations, with EPS of $0.19 versus the $0.70 consensus estimate, although revenue rose 3.9% year over year to $2.01 billion.
• The company declared a quarterly dividend of $0.12 per share, while analysts maintain a consensus “Hold” rating and an average price target of $37, above the reported share price of $30.20.

PDT Partners LLC acquired a new position in shares of Dana Incorporated (NYSE:DAN - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 386,747 shares of the auto parts company's stock, valued at approximately $10,523,000. PDT Partners LLC owned 0.36% of Dana as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its position in Dana by 39.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,580 shares of the auto parts company's stock valued at $38,000 after acquiring an additional 445 shares during the last quarter. Plato Investment Management Ltd acquired a new stake in Dana during the 2nd quarter worth about $45,000. Pinnacle Holdings LLC bought a new position in shares of Dana in the 2nd quarter worth about $49,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of Dana in the 2nd quarter worth about $49,000. Finally, Parallel Advisors LLC lifted its stake in shares of Dana by 105.2% in the 1st quarter. Parallel Advisors LLC now owns 1,925 shares of the auto parts company's stock valued at $65,000 after purchasing an additional 987 shares during the period. Institutional investors own 96.79% of the company's stock.

Dana Price Performance

DAN stock opened at $30.20 on Wednesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.49 and a quick ratio of 1.03. The company's 50-day moving average is $28.07 and its 200-day moving average is $32.07. The stock has a market capitalization of $3.25 billion, a PE ratio of 3.01 and a beta of 1.99. Dana Incorporated has a 1 year low of $17.74 and a 1 year high of $39.56.

Dana (NYSE:DAN - Get Free Report) last issued its earnings results on Thursday, August 6th. The auto parts company reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.70 by ($0.51). The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.93 billion. Dana had a net margin of 14.55% and a return on equity of 4.07%. The business's quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.13 earnings per share. Dana has set its FY 2026 guidance at 1.750-2.250 EPS. Equities research 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. Stockholders of record on Friday, August 7th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, August 7th. Dana's dividend payout ratio is presently 4.78%.

Analysts Set New Price Targets

DAN has been the subject of several recent analyst reports. Royal Bank Of Canada raised their target price 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 target on Dana from $40.00 to $39.00 and set a "buy" rating on the stock in a research note on Tuesday, July 7th. Barclays increased their price target on Dana from $33.00 to $35.00 and gave the stock an "equal weight" rating in a report on Friday, August 14th. Zacks Research downgraded shares of Dana from a "hold" rating to a "strong sell" rating in a research report on Tuesday, June 16th. Finally, Weiss Ratings lowered shares of Dana from a "hold (c+)" rating to a "hold (c)" rating in a research note on Tuesday, August 11th. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $37.00.

About Dana

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.

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