182,627 Shares in Dana Incorporated (NYSE:DAN) Acquired by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC acquired a new stake in Dana Incorporated (NYSE:DAN - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 182,627 shares of the auto parts company's stock, valued at approximately $2,434,000. Segall Bryant & Hamill LLC owned 0.13% of Dana as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its holdings in Dana by 1,495.0% in the first quarter. GAMMA Investing LLC now owns 43,096 shares of the auto parts company's stock valued at $574,000 after acquiring an additional 40,394 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Dana by 3.8% during the 1st quarter. SG Americas Securities LLC now owns 44,968 shares of the auto parts company's stock worth $599,000 after purchasing an additional 1,662 shares in the last quarter. JB Capital Partners LP boosted 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 worth $21,181,000 after purchasing an additional 407,000 shares in the last quarter. Loomis Sayles & Co. L P acquired a new position in shares of Dana during the 4th quarter valued at about $9,498,000. Finally, Sterling Capital Management LLC grew its holdings 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 worth $48,000 after purchasing an additional 3,732 shares during the period. Institutional investors and hedge funds own 96.79% of the company's stock.

Wall Street Analysts Forecast Growth

DAN has been the subject of a number of research reports. Royal Bank Of Canada reiterated an "outperform" rating and set a $24.00 target price (up previously from $20.00) on shares of Dana in a report on Thursday, June 12th. Barclays reissued an "overweight" rating and set a $25.00 price target (up from $20.00) on shares of Dana in a research report on Thursday, June 12th. Wall Street Zen raised Dana from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. UBS Group reaffirmed a "buy" rating and issued a $23.00 target price (up from $22.00) on shares of Dana in a research report on Monday, July 14th. Finally, Wells Fargo & Company reissued a "buy" rating on shares of Dana in a research note on Thursday, June 12th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $20.57.

Dana Stock Down 2.2%

Dana stock traded down $0.37 during mid-day trading on Friday, hitting $16.33. The company's stock had a trading volume of 4,097,836 shares, compared to its average volume of 1,887,695. The firm's 50 day moving average is $16.93 and its 200 day moving average is $14.86. The company has a market cap of $2.38 billion, a PE ratio of -68.04, a price-to-earnings-growth ratio of 1.04 and a beta of 2.09. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.43 and a quick ratio of 0.85. Dana Incorporated has a 52-week low of $7.58 and a 52-week high of $18.05.

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

Dana Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, May 31st. Shareholders of record on Saturday, May 10th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.45%. Dana's dividend payout ratio (DPR) is currently -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.