Russell Investments Group Ltd. Sells 106,409 Shares of Dana Incorporated (NYSE:DAN)

Russell Investments Group Ltd. lowered its stake in Dana Incorporated (NYSE:DAN - Free Report) by 9.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 991,575 shares of the auto parts company's stock after selling 106,409 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.69% of Dana worth $14,488,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of DAN. Knights of Columbus Asset Advisors LLC raised its holdings in shares of Dana by 164.0% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 284,582 shares of the auto parts company's stock valued at $4,158,000 after purchasing an additional 176,778 shares during the period. Neo Ivy Capital Management bought a new stake in Dana in the 3rd quarter valued at $1,602,000. Great Lakes Advisors LLC lifted its holdings in Dana by 93.6% during the 3rd quarter. Great Lakes Advisors LLC now owns 66,513 shares of the auto parts company's stock valued at $976,000 after purchasing an additional 32,163 shares during the last quarter. Strs Ohio boosted its position in Dana by 1.6% during the third quarter. Strs Ohio now owns 58,000 shares of the auto parts company's stock worth $850,000 after purchasing an additional 900 shares during the period. Finally, SG Americas Securities LLC bought a new position in Dana during the third quarter worth $567,000. Institutional investors own 96.79% of the company's stock.

Dana Price Performance

Dana stock traded down $0.01 during mid-day trading on Friday, reaching $13.31. 1,107,806 shares of the company were exchanged, compared to its average volume of 1,465,410. The firm has a market cap of $1.93 billion, a PE ratio of 147.91, a PEG ratio of 0.42 and a beta of 2.46. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.60 and a quick ratio of 0.93. The company has a fifty day simple moving average of $12.37 and a 200-day simple moving average of $12.98. Dana Incorporated has a 12 month low of $11.10 and a 12 month high of $19.75.

Dana (NYSE:DAN - Get Free Report) last issued its quarterly earnings results on Tuesday, April 30th. The auto parts company reported $0.02 EPS for the quarter, missing analysts' consensus estimates of $0.10 by ($0.08). Dana had a return on equity of 5.42% and a net margin of 0.12%. The company had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.69 billion. During the same quarter in the previous year, the business posted $0.25 EPS. The firm's revenue for the quarter was up 3.4% on a year-over-year basis. As a group, equities research analysts expect that Dana Incorporated will post 0.91 earnings per share for the current fiscal year.

Dana Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 10th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $0.40 annualized dividend and a dividend yield of 3.01%. Dana's dividend payout ratio is 444.49%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on DAN. Barclays lowered their price target on shares of Dana from $16.00 to $15.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 28th. Wells Fargo & Company lowered their target price on Dana from $14.00 to $13.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 21st. JPMorgan Chase & Co. dropped their price target on Dana from $19.00 to $18.00 and set an "overweight" rating for the company in a report on Monday, February 26th. Finally, Oppenheimer upped their price objective on Dana from $17.00 to $18.00 and gave the company an "outperform" rating in a report on Wednesday. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Dana currently has an average rating of "Hold" and a consensus price target of $16.67.

About Dana

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.