Tudor Investment Corp ET AL Acquires 201,344 Shares of Dana Incorporated $DAN

Key Points

• Tudor Investment Corp boosted its stake in Dana by 1,706.3%, acquiring an additional 201,344 shares to hold 213,144 shares (≈0.18%) valued at about $4.27 million per its latest 13F filing.
• Dana raised its quarterly dividend to $0.12 (annualized $0.48) for a ~1.3% yield, up from $0.10, while maintaining a high payout ratio of about 84%.
• Analysts have grown more positive recently—RBC raised its target to $40 and Zacks moved to a strong-buy—leaving Dana with an average rating of “Moderate Buy” and an average price target of $36.67.

Tudor Investment Corp ET AL increased its position in Dana Incorporated (NYSE:DAN - Free Report) by 1,706.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 213,144 shares of the auto parts company's stock after purchasing an additional 201,344 shares during the quarter. Tudor Investment Corp ET AL owned approximately 0.18% of Dana worth $4,271,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Russell Investments Group Ltd. lifted its position in Dana by 3.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 927,987 shares of the auto parts company's stock valued at $18,597,000 after purchasing an additional 27,712 shares during the period. Segall Bryant & Hamill LLC lifted its position in Dana by 6.8% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 207,608 shares of the auto parts company's stock valued at $4,160,000 after purchasing an additional 13,270 shares during the period. State of Tennessee Department of Treasury lifted its position in Dana by 10.7% during the 2nd quarter. State of Tennessee Department of Treasury now owns 55,842 shares of the auto parts company's stock valued at $958,000 after purchasing an additional 5,405 shares during the period. Amalgamated Bank lifted its position in Dana by 3.5% during the 3rd quarter. Amalgamated Bank now owns 38,337 shares of the auto parts company's stock valued at $768,000 after purchasing an additional 1,279 shares during the period. Finally, Entropy Technologies LP lifted its position in Dana by 266.2% during the 3rd quarter. Entropy Technologies LP now owns 37,303 shares of the auto parts company's stock valued at $748,000 after purchasing an additional 27,116 shares during the period. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Dana Price Performance

Dana stock opened at $36.20 on Friday. The firm has a market capitalization of $3.97 billion, a P/E ratio of 63.50 and a beta of 2.05. Dana Incorporated has a 1 year low of $10.24 and a 1 year high of $36.48. The business has a 50-day moving average of $32.98 and a 200-day moving average of $26.18. The company has a current ratio of 1.17, a quick ratio of 0.86 and a debt-to-equity ratio of 2.85.

Dana (NYSE:DAN - Get Free Report) last posted its earnings results on Friday, February 27th. The auto parts company reported $0.85 earnings per share (EPS) for the quarter. The company had revenue of $1.87 billion during the quarter. Dana had a negative return on equity of 3.06% and a net margin of 1.13%. On average, equities analysts anticipate that Dana Incorporated will post 1.5 EPS for the current year.

Dana Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Friday, February 27th were given a $0.12 dividend. The ex-dividend date was Friday, February 27th. This represents a $0.48 annualized dividend and a dividend yield of 1.3%. This is a boost from Dana's previous quarterly dividend of $0.10. Dana's payout ratio is presently 84.21%.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Royal Bank Of Canada upped their target price on shares of Dana from $32.00 to $40.00 and gave the company an "outperform" rating in a research report on Thursday, February 19th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $36.00 target price on shares of Dana in a research report on Thursday, January 22nd. Zacks Research upgraded shares of Dana from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 23rd. Weiss Ratings upgraded shares of Dana from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Thursday, March 19th. Finally, Wells Fargo & Company boosted their target price on Dana from $30.00 to $35.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 19th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $36.67.

Dana Profile

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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