Dana Incorporated $DAN Shares Sold by Rhumbline Advisers

Key Points

• Rhumbline Advisers reduced its stake in Dana Incorporated by 3.0%, now holding 392,230 shares valued at approximately $5.23 million.
• Dana reported $0.05 EPS for the most recent quarter, missing the consensus estimate of $0.40 and experiencing a 5.5% year-over-year revenue decline.
• The company announced a quarterly dividend of $0.10 per share, representing a yield of 1.9%, although it has a negative dividend payout ratio of -250.00%.

Rhumbline Advisers lowered its position in shares of Dana Incorporated (NYSE:DAN - Free Report) by 3.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 392,230 shares of the auto parts company's stock after selling 12,256 shares during the quarter. Rhumbline Advisers owned about 0.27% of Dana worth $5,228,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. JB Capital Partners LP increased its holdings in shares of Dana by 1.1% during the first quarter. JB Capital Partners LP now owns 1,852,293 shares of the auto parts company's stock valued at $24,524,000 after acquiring an additional 20,000 shares in the last quarter. Great Lakes Advisors LLC lifted its stake in shares of Dana by 11.5% in the first quarter. Great Lakes Advisors LLC now owns 313,039 shares of the auto parts company's stock worth $4,173,000 after buying an additional 32,241 shares in the last quarter. Segall Bryant & Hamill LLC bought a new position in shares of Dana in the first quarter worth approximately $2,434,000. Jones Financial Companies Lllp lifted its stake in shares of Dana by 27,790.5% in the first quarter. Jones Financial Companies Lllp now owns 85,345 shares of the auto parts company's stock worth $1,138,000 after buying an additional 85,039 shares in the last quarter. Finally, SG Americas Securities LLC lifted its stake in shares of Dana by 3.8% in the first quarter. SG Americas Securities LLC now owns 44,968 shares of the auto parts company's stock worth $599,000 after buying an additional 1,662 shares in the last quarter. Hedge funds and other institutional investors own 96.79% of the company's stock.

Dana Price Performance

NYSE DAN traded down $0.34 during trading hours on Tuesday, reaching $20.53. The company's stock had a trading volume of 1,874,008 shares, compared to its average volume of 1,912,315. The firm's 50-day moving average price is $18.29 and its 200-day moving average price is $16.03. The company has a quick ratio of 1.00, a current ratio of 1.36 and a debt-to-equity ratio of 2.02. Dana Incorporated has a 1 year low of $7.58 and a 1 year high of $21.40. The company has a market capitalization of $2.69 billion, a price-to-earnings ratio of -128.31, a PEG ratio of 1.95 and a beta of 2.12.

Dana (NYSE:DAN - Get Free Report) last posted its quarterly earnings results on Monday, August 11th. The auto parts company reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.40 by ($0.35). The business had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $2.55 billion. Dana had a positive return on equity of 5.65% and a negative net margin of 0.26%.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 firm posted $0.31 earnings per share. On average, equities research analysts predict that Dana Incorporated will post 1.5 EPS for the current fiscal year.

Dana Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 8th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Friday, August 8th. Dana's dividend payout ratio is -250.00%.

Analysts Set New Price Targets

DAN has been the topic of several analyst reports. JPMorgan Chase & Co. dropped their target price on shares of Dana from $24.00 to $23.00 and set an "overweight" rating on the stock in a research note on Monday, July 21st. Royal Bank Of Canada lifted their price objective on Dana from $24.00 to $26.00 and gave the stock an "outperform" rating in a report on Tuesday, September 2nd. Wells Fargo & Company lifted their price objective on Dana from $18.00 to $19.00 and gave the stock an "equal weight" rating in a report on Tuesday, September 9th. Barclays reiterated an "overweight" rating and issued a $25.00 price objective (up from $20.00) on shares of Dana in a report on Thursday, June 12th. Finally, UBS Group reiterated 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. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $21.57.

Insider Buying and Selling

In other Dana 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 value of $218,727.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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.