Man Group plc Invests $697,000 in Dana Incorporated $DAN

Man Group plc bought a new stake in shares of Dana Incorporated (NYSE:DAN) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 25,614 shares of the auto parts company’s stock, valued at approximately $697,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. BlackRock Inc. purchased a new position in Dana in the 2nd quarter worth about $496,741,000. JB Capital Partners LP acquired a new position in shares of Dana in the second quarter worth about $50,400,893. Loomis Sayles & Co. L P increased its position in shares of Dana by 61.2% in the fourth quarter. Loomis Sayles & Co. L P now owns 1,591,768 shares of the auto parts company’s stock worth $37,820,000 after acquiring an additional 604,246 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Dana in the second quarter worth approximately $25,571,000. Finally, Russell Investments Group Ltd. raised its holdings in shares of Dana by 3.1% during the third quarter. Russell Investments Group Ltd. now owns 927,987 shares of the auto parts company’s stock valued at $18,597,000 after acquiring an additional 27,712 shares during the period. Institutional investors and hedge funds own 96.79% of the company’s stock.

Dana Stock Up 2.9%

DAN stock opened at $31.55 on Friday. The company has a current ratio of 1.49, a quick ratio of 1.03 and a debt-to-equity ratio of 0.66. The firm has a market cap of $3.39 billion, a PE ratio of 3.14 and a beta of 2.01. Dana Incorporated has a 1 year low of $17.74 and a 1 year high of $39.56. The company has a fifty day simple moving average of $28.27 and a 200 day simple moving average of $31.97.

Dana (NYSE:DAN) last announced its quarterly earnings results on Thursday, August 6th. The auto parts company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.51). Dana had a return on equity of 4.07% and a net margin of 14.55%.The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.93 billion. During the same period in the prior year, the firm earned $0.13 EPS. Dana’s quarterly revenue was up 3.9% on a year-over-year basis. Dana has set its FY 2026 guidance at 1.750-2.250 EPS. Sell-side analysts anticipate that Dana Incorporated will post 1.93 EPS for the current fiscal year.

Dana Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 7th were issued a $0.12 dividend. The ex-dividend date of this dividend was Friday, August 7th. This represents a $0.48 annualized dividend and a yield of 1.5%. Dana’s dividend payout ratio is 4.78%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on DAN. Deutsche Bank Aktiengesellschaft reduced their target price on Dana from $40.00 to $39.00 and set a “buy” rating for the company in a report on Tuesday, July 7th. Wells Fargo & Company dropped their target price on Dana from $33.00 to $28.00 and set an “equal weight” rating on the stock in a report on Friday, August 7th. Royal Bank Of Canada increased their price target on shares of Dana from $33.00 to $37.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. UBS Group lowered their price objective on shares of Dana from $39.00 to $38.00 and set a “buy” rating on the stock in a research report on Friday, August 7th. Finally, Barclays upped their price objective on shares of Dana from $33.00 to $35.00 and gave the company an “equal weight” rating in a research note on Friday, August 14th. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $37.00.

About Dana

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.