JB Capital Partners LP Acquires 407,000 Shares of Dana Incorporated (NYSE:DAN)

JB Capital Partners LP grew its holdings in shares of Dana Incorporated (NYSE:DAN - Free Report) by 28.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,832,293 shares of the auto parts company's stock after purchasing an additional 407,000 shares during the quarter. Dana makes up about 4.1% of JB Capital Partners LP's portfolio, making the stock its 8th biggest holding. JB Capital Partners LP owned approximately 1.26% of Dana worth $21,181,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Loomis Sayles & Co. L P acquired a new stake in shares of Dana in the fourth quarter valued at approximately $9,498,000. Cibc World Markets Corp increased its stake in shares of Dana by 1.8% in the 4th quarter. Cibc World Markets Corp now owns 687,220 shares of the auto parts company's stock worth $7,944,000 after acquiring an additional 12,220 shares during the last quarter. Great Lakes Advisors LLC raised its holdings in shares of Dana by 103.6% during the 4th quarter. Great Lakes Advisors LLC now owns 280,798 shares of the auto parts company's stock worth $3,246,000 after acquiring an additional 142,850 shares during the period. Yousif Capital Management LLC boosted its position in shares of Dana by 2.0% during the 4th quarter. Yousif Capital Management LLC now owns 56,818 shares of the auto parts company's stock valued at $657,000 after acquiring an additional 1,130 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in 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 acquiring an additional 1,464 shares during the last quarter. Hedge funds and other institutional investors own 96.79% of the company's stock.

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Dana Stock Performance

Shares of DAN traded up $0.05 during mid-day trading on Wednesday, hitting $10.43. 468,128 shares of the company's stock were exchanged, compared to its average volume of 1,615,371. The company has a current ratio of 1.45, a quick ratio of 0.86 and a debt-to-equity ratio of 1.71. Dana Incorporated has a fifty-two week low of $7.58 and a fifty-two week high of $16.90. The business's 50 day moving average is $14.58 and its two-hundred day moving average is $12.23. The firm has a market capitalization of $1.52 billion, a P/E ratio of -26.89, a P/E/G ratio of 0.72 and a beta of 2.26.

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

Dana Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, February 28th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 3.83%. The ex-dividend date was Friday, February 28th. Dana's payout ratio is -102.56%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on DAN. UBS Group raised their price objective on shares of Dana from $18.00 to $20.00 and gave the company a "buy" rating in a report on Monday, January 27th. Barclays lifted their price target on Dana from $18.00 to $23.00 and gave the stock an "overweight" rating in a report on Tuesday, January 28th. StockNews.com downgraded Dana from a "buy" rating to a "hold" rating in a report on Tuesday. JPMorgan Chase & Co. raised their target price on Dana from $14.00 to $20.00 and gave the stock an "overweight" rating in a research report on Monday, January 27th. Finally, Wells Fargo & Company raised Dana from an "underweight" rating to an "equal weight" rating and upped their price target for the company from $10.00 to $16.00 in a report on Monday, January 27th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus 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.