Dana Incorporated $DAN Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC lifted its holdings in shares of Dana Incorporated (NYSE:DAN) by 96.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 47,902 shares of the auto parts company’s stock after purchasing an additional 23,549 shares during the quarter. SG Americas Securities LLC’s holdings in Dana were worth $1,138,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in DAN. GAMMA Investing LLC boosted its holdings in shares of Dana by 11.3% during the fourth quarter. GAMMA Investing LLC now owns 4,315 shares of the auto parts company’s stock worth $103,000 after purchasing an additional 439 shares during the last quarter. Captrust Financial Advisors acquired a new stake in shares of Dana during the second quarter worth $176,000. Horizon Investments LLC acquired a new stake in shares of Dana during the third quarter worth $553,000. Entropy Technologies LP boosted its holdings in shares of Dana by 266.2% during the third quarter. Entropy Technologies LP now owns 37,303 shares of the auto parts company’s stock worth $748,000 after purchasing an additional 27,116 shares during the last quarter. Finally, Amalgamated Bank boosted its holdings in shares of Dana by 3.5% during the third quarter. Amalgamated Bank now owns 38,337 shares of the auto parts company’s stock worth $768,000 after purchasing an additional 1,279 shares during the last quarter. Institutional investors and hedge funds own 96.79% of the company’s stock.

Dana Price Performance

Shares of Dana stock opened at $35.43 on Thursday. Dana Incorporated has a twelve month low of $10.11 and a twelve month high of $36.28. The stock has a market capitalization of $3.88 billion, a P/E ratio of 62.16 and a beta of 2.05. The company has a current ratio of 1.17, a quick ratio of 0.86 and a debt-to-equity ratio of 2.85. The business’s fifty day moving average price is $32.84 and its 200 day moving average price is $26.11.

Dana (NYSE:DAN) last released its quarterly earnings data on Friday, February 27th. The auto parts company reported $0.85 EPS for the quarter. Dana had a return on equity of 4.24% and a net margin of 1.05%.The company had revenue of $1.87 billion for the quarter. As a group, research analysts anticipate that Dana Incorporated will post 1.5 earnings per share for the current year.

Dana Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Friday, February 27th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.4%. This is a boost from Dana’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Friday, February 27th. Dana’s dividend payout ratio is 84.21%.

Analysts Set New Price Targets

DAN has been the topic of a number of research analyst reports. UBS Group lifted their target price on Dana from $35.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, February 19th. Barclays lifted their target price on Dana from $32.00 to $41.00 and gave the company an “overweight” rating in a report on Monday, March 30th. Wells Fargo & Company lifted their target price on Dana from $30.00 to $35.00 and gave the company an “equal weight” rating in a report on Thursday, February 19th. Weiss Ratings upgraded Dana from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, March 19th. Finally, Royal Bank Of Canada lifted their target price on Dana from $32.00 to $40.00 and gave the company an “outperform” rating in a 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 given a Hold rating to the company. According to data from MarketBeat.com, Dana currently has an average rating of “Moderate Buy” and a consensus 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.