Rhumbline Advisers Sells 12,256 Shares of Dana Incorporated $DAN

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 decreased its position in Dana Incorporated (NYSE:DAN - Free Report) by 3.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 392,230 shares of the auto parts company's stock after selling 12,256 shares during the period. Rhumbline Advisers owned about 0.27% of Dana worth $5,228,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Cornerstone Investment Partners LLC acquired a new position in shares of Dana in the 1st quarter worth approximately $146,000. GAMMA Investing LLC raised its holdings in shares of Dana by 1,495.0% in the 1st quarter. GAMMA Investing LLC now owns 43,096 shares of the auto parts company's stock worth $574,000 after buying an additional 40,394 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Dana by 3.8% in the 1st 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. Jones Financial Companies Lllp raised its holdings in shares of Dana by 27,790.5% in the 1st 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, Segall Bryant & Hamill LLC acquired a new position in shares of Dana in the 1st quarter worth approximately $2,434,000. Institutional investors and hedge funds own 96.79% of the company's stock.

Insider Activity

In other news, CAO James D. Kellett sold 11,728 shares of the firm'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 transaction was disclosed in a document filed with the SEC, which is available through this link. 0.46% of the stock is owned by corporate insiders.

Dana Trading Up 2.8%

DAN traded up $0.57 during mid-day trading on Thursday, reaching $21.00. The stock had a trading volume of 1,621,432 shares, compared to its average volume of 1,515,427. The stock has a market capitalization of $2.75 billion, a P/E ratio of -131.25, a P/E/G ratio of 1.89 and a beta of 2.12. The company has a debt-to-equity ratio of 2.02, a quick ratio of 1.00 and a current ratio of 1.36. The firm's fifty day simple moving average is $18.50 and its two-hundred day simple moving average is $16.14. Dana Incorporated has a 52 week low of $7.58 and a 52 week high of $21.40.

Dana (NYSE:DAN - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $2.55 billion. Dana had a negative net margin of 0.26% and a positive return on equity of 5.65%. The firm's quarterly revenue was down 5.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.31 earnings per share. On average, equities analysts predict that Dana Incorporated will post 1.5 EPS for the current year.

Dana Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 8th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Friday, August 8th. Dana's dividend payout ratio (DPR) is currently -250.00%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on DAN shares. Wall Street Zen raised Dana from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. Royal Bank Of Canada increased their target price on Dana from $24.00 to $26.00 and gave the stock an "outperform" rating in a report on Tuesday, September 2nd. JPMorgan Chase & Co. dropped their target price on Dana from $24.00 to $23.00 and set an "overweight" rating for the company in a report on Monday, July 21st. Barclays reissued an "overweight" rating and issued a $25.00 target price (up from $20.00) on shares of Dana in a report on Thursday, June 12th. Finally, Wells Fargo & Company raised their price target on Dana from $18.00 to $19.00 and gave the company an "equal weight" rating in a report on Tuesday, September 9th. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Dana presently has an average rating of "Moderate Buy" and a consensus price target of $21.57.

Dana 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.