Dana Incorporated (NYSE:DAN) Shares Acquired by Great Lakes Advisors LLC

Great Lakes Advisors LLC raised its position in Dana Incorporated (NYSE:DAN - Free Report) by 103.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 280,798 shares of the auto parts company's stock after acquiring an additional 142,850 shares during the period. Great Lakes Advisors LLC owned approximately 0.19% of Dana worth $3,246,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Versant Capital Management Inc boosted its stake in Dana by 484.6% in the fourth quarter. Versant Capital Management Inc now owns 2,695 shares of the auto parts company's stock valued at $31,000 after acquiring an additional 2,234 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Dana by 118.3% in the fourth quarter. GAMMA Investing LLC now owns 2,702 shares of the auto parts company's stock worth $31,000 after buying an additional 1,464 shares during the last quarter. Entropy Technologies LP purchased a new position in shares of Dana in the third quarter worth $250,000. Martingale Asset Management L P purchased a new position in shares of Dana in the third quarter worth $346,000. Finally, Yousif Capital Management LLC raised its holdings in shares of Dana by 2.0% in the fourth quarter. Yousif Capital Management LLC now owns 56,818 shares of the auto parts company's stock worth $657,000 after buying an additional 1,130 shares during the last quarter. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Dana Stock Performance

Shares of Dana stock traded up $0.10 during trading on Wednesday, hitting $14.24. 1,260,003 shares of the company's stock were exchanged, compared to its average volume of 1,629,944. Dana Incorporated has a 52-week low of $7.58 and a 52-week high of $16.90. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.86 and a current ratio of 1.45. The business has a 50-day simple moving average of $14.63 and a 200-day simple moving average of $11.91. The stock has a market capitalization of $2.07 billion, a price-to-earnings ratio of -36.52, a PEG ratio of 0.72 and a beta of 2.42.

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Dana (NYSE:DAN - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The auto parts company reported $0.25 earnings per share for the quarter, beating analysts' consensus estimates of $0.10 by $0.15. Dana had a negative net margin of 0.55% and a positive return on equity of 6.70%. The company had revenue of $2.34 billion during the quarter, compared to analysts' expectations of $2.33 billion. On average, research analysts forecast that Dana Incorporated will post 1.5 EPS for the current year.

Dana Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, February 28th will be issued a $0.10 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.40 dividend on an annualized basis and a yield of 2.81%. Dana's payout ratio is -102.56%.

Analyst Upgrades and Downgrades

DAN has been the subject of a number of research analyst reports. UBS Group raised their price target on shares of Dana from $18.00 to $20.00 and gave the stock a "buy" rating in a report on Monday, January 27th. JPMorgan Chase & Co. raised their price target on shares of Dana from $14.00 to $20.00 and gave the stock an "overweight" rating in a report on Monday, January 27th. Royal Bank of Canada raised their price target on shares of Dana from $13.00 to $16.00 and gave the stock a "sector perform" rating in a report on Friday, February 21st. BNP Paribas raised shares of Dana from a "neutral" rating to an "outperform" rating and raised their price target for the stock from $9.00 to $16.00 in a report on Tuesday, December 3rd. Finally, StockNews.com cut shares of Dana from a "buy" rating to a "hold" rating in a report on Friday, March 7th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $18.50.

Dana Profile

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.