Segall Bryant & Hamill LLC Makes New $2.43 Million Investment in Dana Incorporated (NYSE:DAN)

Segall Bryant & Hamill LLC purchased a new position in shares of Dana Incorporated (NYSE:DAN - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 182,627 shares of the auto parts company's stock, valued at approximately $2,434,000. Segall Bryant & Hamill LLC owned approximately 0.13% of Dana at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of DAN. Loomis Sayles & Co. L P bought a new position in Dana in the 4th quarter valued at $9,498,000. JB Capital Partners LP lifted its position in shares of Dana by 28.6% during the 4th quarter. JB Capital Partners LP now owns 1,832,293 shares of the auto parts company's stock valued at $21,181,000 after buying an additional 407,000 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of Dana by 1.9% during the 4th quarter. Russell Investments Group Ltd. now owns 936,143 shares of the auto parts company's stock valued at $10,822,000 after buying an additional 17,569 shares during the last quarter. Sterling Capital Management LLC lifted its position in shares of Dana by 829.3% during the 4th quarter. Sterling Capital Management LLC now owns 4,182 shares of the auto parts company's stock valued at $48,000 after buying an additional 3,732 shares during the last quarter. Finally, MetLife Investment Management LLC lifted its holdings in Dana by 6.1% during the 4th quarter. MetLife Investment Management LLC now owns 79,026 shares of the auto parts company's stock worth $914,000 after purchasing an additional 4,531 shares in the last quarter. Institutional investors own 96.79% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. dropped their price objective on Dana from $24.00 to $23.00 and set an "overweight" rating on the stock in a report on Monday. UBS Group reissued a "buy" rating and set a $23.00 price objective (up previously from $22.00) on shares of Dana in a report on Monday, July 14th. Royal Bank Of Canada reissued an "outperform" rating and set a $24.00 price objective (up previously from $20.00) on shares of Dana in a report on Thursday, June 12th. Barclays reaffirmed an "overweight" rating and issued a $25.00 price target (up previously from $20.00) on shares of Dana in a report on Thursday, June 12th. Finally, Wells Fargo & Company reaffirmed a "buy" rating on shares of Dana in a report on Thursday, June 12th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $21.00.

Dana Trading Down 0.6%

DAN traded down $0.10 on Tuesday, hitting $16.22. 1,626,392 shares of the company were exchanged, compared to its average volume of 1,886,773. The stock has a market capitalization of $2.36 billion, a PE ratio of -67.56, a price-to-earnings-growth ratio of 1.04 and a beta of 2.09. Dana Incorporated has a 12 month low of $7.58 and a 12 month high of $18.05. The firm has a fifty day simple moving average of $16.93 and a two-hundred day simple moving average of $14.92. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.85 and a current ratio of 1.43.

Dana (NYSE:DAN - Get Free Report) last posted its earnings results on Wednesday, April 30th. The auto parts company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.04). The business had revenue of $2.35 billion for the quarter, compared to analysts' expectations of $2.28 billion. Dana had a negative net margin of 0.35% and a positive return on equity of 7.96%. Dana's quarterly revenue was down 14.0% on a year-over-year basis. During the same period last year, the firm posted $0.02 earnings per share. Sell-side analysts expect that Dana Incorporated will post 1.5 earnings per share for the current year.

Dana Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Saturday, May 31st. Shareholders of record on Saturday, May 10th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.47%. Dana's payout ratio is -166.67%.

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.