JB Capital Partners LP Has $14.88 Million Stock Position in Dana Incorporated (NYSE:DAN)

JB Capital Partners LP increased its holdings in Dana Incorporated (NYSE:DAN - Free Report) by 9.9% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,425,293 shares of the auto parts company's stock after buying an additional 128,000 shares during the period. Dana accounts for approximately 2.8% of JB Capital Partners LP's portfolio, making the stock its 9th largest holding. JB Capital Partners LP owned approximately 0.98% of Dana worth $14,880,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new stake in shares of Dana in the 2nd quarter valued at about $388,000. Rhumbline Advisers increased its position in shares of Dana by 1.3% in the second quarter. Rhumbline Advisers now owns 426,586 shares of the auto parts company's stock worth $5,170,000 after purchasing an additional 5,468 shares during the last quarter. Entropy Technologies LP purchased a new stake in Dana in the third quarter valued at approximately $250,000. Finally, Segall Bryant & Hamill LLC bought a new stake in Dana during the third quarter valued at approximately $2,687,000. Institutional investors own 96.79% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on DAN shares. Wolfe Research started coverage on shares of Dana in a report on Thursday, September 5th. They issued a "peer perform" rating on the stock. Wells Fargo & Company reduced their target price on Dana from $9.00 to $7.00 and set an "underweight" rating on the stock in a research note on Thursday, October 31st. JPMorgan Chase & Co. dropped their price target on Dana from $16.00 to $14.00 and set an "overweight" rating for the company in a research note on Monday, November 11th. Barclays reduced their price objective on Dana from $14.00 to $12.00 and set an "equal weight" rating on the stock in a research report on Thursday, October 31st. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $12.00 price objective on shares of Dana in a report on Tuesday, September 10th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $12.50.

Dana Trading Down 1.0 %

Shares of DAN traded down $0.10 during mid-day trading on Friday, hitting $10.02. 2,490,309 shares of the company's stock traded hands, compared to its average volume of 1,444,225. The company has a quick ratio of 0.86, a current ratio of 1.49 and a debt-to-equity ratio of 1.58. The firm has a market capitalization of $1.45 billion, a P/E ratio of -91.08, a PEG ratio of 0.98 and a beta of 2.30. The business's 50-day moving average price is $9.68 and its 200-day moving average price is $11.13. Dana Incorporated has a 1 year low of $7.58 and a 1 year high of $15.07.

Dana (NYSE:DAN - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $0.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.25 by ($0.13). Dana had a negative net margin of 0.15% and a positive return on equity of 3.48%. The company had revenue of $2.48 billion for the quarter, compared to analysts' expectations of $2.57 billion. During the same period in the previous year, the firm posted $0.30 earnings per share. The firm's revenue for the quarter was down 7.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Dana Incorporated will post 0.85 EPS for the current fiscal year.

Dana Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 8th will be given a dividend of $0.10 per share. The ex-dividend date is Friday, November 8th. This represents a $0.40 annualized dividend and a yield of 3.99%. Dana's payout ratio is -363.60%.

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.