Dana Incorporated (NYSE:DAN) Shares Bought by Rhumbline Advisers

Rhumbline Advisers raised its stake in shares of Dana Incorporated (NYSE:DAN) by 1.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 426,586 shares of the auto parts company’s stock after purchasing an additional 5,468 shares during the period. Rhumbline Advisers owned 0.29% of Dana worth $5,170,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of DAN. Cibc World Markets Corp boosted its stake in shares of Dana by 46.0% in the fourth quarter. Cibc World Markets Corp now owns 1,190,000 shares of the auto parts company’s stock worth $17,386,000 after acquiring an additional 375,000 shares during the last quarter. Great Lakes Advisors LLC boosted its position in Dana by 89.5% during the fourth quarter. Great Lakes Advisors LLC now owns 126,015 shares of the auto parts company’s stock worth $1,841,000 after acquiring an additional 59,502 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Dana in the second quarter valued at approximately $388,000. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Dana Trading Up 5.5 %

NYSE DAN opened at $9.85 on Monday. The company has a quick ratio of 0.90, a current ratio of 1.48 and a debt-to-equity ratio of 1.55. The firm has a 50 day moving average of $11.12 and a two-hundred day moving average of $12.19. The stock has a market capitalization of $1.43 billion, a PE ratio of 109.44, a price-to-earnings-growth ratio of 0.49 and a beta of 2.29. Dana Incorporated has a 52 week low of $9.16 and a 52 week high of $15.45.

Dana (NYSE:DAN) last issued its quarterly earnings data on Wednesday, July 31st. The auto parts company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.07. The business had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.76 billion. Dana had a negative net margin of 0.01% and a positive return on equity of 4.98%. The company’s revenue was down .4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.37 EPS. As a group, research analysts expect that Dana Incorporated will post 0.98 EPS for the current fiscal year.

Dana Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 9th were given a $0.10 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $0.40 annualized dividend and a yield of 4.06%. Dana’s dividend payout ratio (DPR) is 444.44%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Wells Fargo & Company raised their target price on Dana from $12.00 to $13.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 1st. Wolfe Research initiated coverage on shares of Dana in a report on Thursday, September 5th. They issued a “peer perform” rating on the stock. JPMorgan Chase & Co. reduced their price target on shares of Dana from $18.00 to $17.00 and set an “overweight” rating on the stock in a research note on Monday, July 22nd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $12.00 price objective on shares of Dana in a report on Tuesday, September 10th. Finally, Barclays increased their target price on shares of Dana from $15.00 to $16.00 and gave the stock an “equal weight” rating in a report on Friday, August 2nd. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Dana presently has a consensus rating of “Hold” and a consensus price target of $14.67.

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.