Dana Incorporated $DAN Stake Reduced by SummerHaven Investment Management LLC

SummerHaven Investment Management LLC trimmed its stake in Dana Incorporated (NYSE:DAN) by 28.2% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 49,183 shares of the auto parts company’s stock after selling 19,282 shares during the quarter. SummerHaven Investment Management LLC’s holdings in Dana were worth $986,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Loomis Sayles & Co. L P increased its holdings in shares of Dana by 4.2% in the 2nd quarter. Loomis Sayles & Co. L P now owns 1,102,729 shares of the auto parts company’s stock worth $18,912,000 after acquiring an additional 44,010 shares during the period. Segall Bryant & Hamill LLC boosted its stake in Dana by 6.4% during the 2nd quarter. Segall Bryant & Hamill LLC now owns 194,338 shares of the auto parts company’s stock valued at $3,333,000 after purchasing an additional 11,711 shares during the period. SG Americas Securities LLC bought a new position in Dana in the 3rd quarter worth about $488,000. Captrust Financial Advisors acquired a new stake in shares of Dana in the second quarter valued at approximately $176,000. Finally, FNY Investment Advisers LLC bought a new stake in shares of Dana during the second quarter valued at approximately $25,000. Institutional investors and hedge funds own 96.79% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Wells Fargo & Company increased their price objective on Dana from $24.00 to $30.00 and gave the stock an “equal weight” rating in a report on Thursday, January 22nd. UBS Group increased their price target on Dana from $31.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. JPMorgan Chase & Co. lifted their price objective on shares of Dana from $26.00 to $28.00 and gave the company an “overweight” rating in a research note on Monday, November 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Dana in a research report on Monday, December 29th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $36.00 target price on shares of Dana in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $32.17.

Dana Price Performance

NYSE:DAN opened at $29.92 on Wednesday. The company has a quick ratio of 0.96, a current ratio of 1.31 and a debt-to-equity ratio of 2.23. The business’s 50-day moving average price is $24.46 and its 200 day moving average price is $21.07. Dana Incorporated has a 52-week low of $10.11 and a 52-week high of $31.73. The firm has a market cap of $3.50 billion, a P/E ratio of 66.48, a PEG ratio of 1.29 and a beta of 2.14.

Dana (NYSE:DAN) last posted its quarterly earnings data on Wednesday, October 29th. The auto parts company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.09). Dana had a net margin of 0.64% and a return on equity of 6.35%. The business had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.91 billion. During the same quarter last year, the business posted $0.12 EPS. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. As a group, sell-side analysts predict that Dana Incorporated will post 1.5 earnings per share for the current fiscal year.

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.