Loomis Sayles & Co. L P Makes New $9.50 Million Investment in Dana Incorporated (NYSE:DAN)

Loomis Sayles & Co. L P acquired a new stake in shares of Dana Incorporated (NYSE:DAN - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 821,675 shares of the auto parts company's stock, valued at approximately $9,498,000. Loomis Sayles & Co. L P owned about 0.57% of Dana at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. 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 valued at $3,246,000 after purchasing an additional 142,850 shares in the last quarter. Martingale Asset Management L P acquired a new position in Dana during the third quarter worth $346,000. Cibc World Markets Corp increased its holdings in shares of Dana by 1.8% during the 4th quarter. Cibc World Markets Corp now owns 687,220 shares of the auto parts company's stock valued at $7,944,000 after acquiring an additional 12,220 shares during the last quarter. Versant Capital Management Inc raised its stake in shares of Dana by 484.6% in the 4th 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. Finally, GAMMA Investing LLC lifted its holdings in Dana by 118.3% in the 4th quarter. GAMMA Investing LLC now owns 2,702 shares of the auto parts company's stock worth $31,000 after purchasing 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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Wall Street Analysts Forecast Growth

Several equities analysts have commented on DAN shares. Barclays increased their price target on Dana from $18.00 to $23.00 and gave the company an "overweight" rating in a report on Tuesday, January 28th. Wells Fargo & Company upgraded shares of Dana from an "underweight" rating to an "equal weight" rating and raised their target price for the company from $10.00 to $16.00 in a research note on Monday, January 27th. UBS Group lifted their target price on shares of Dana from $18.00 to $20.00 and gave the stock a "buy" rating in a report on Monday, January 27th. BNP Paribas upgraded shares of Dana from a "neutral" rating to an "outperform" rating and upped their price target for the company from $9.00 to $16.00 in a report on Tuesday, December 3rd. Finally, JPMorgan Chase & Co. lifted their price objective on Dana from $14.00 to $20.00 and gave the stock an "overweight" rating in a research note on Monday, January 27th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $18.50.

Dana Stock Performance

Shares of NYSE:DAN traded up $0.17 on Monday, hitting $13.33. 1,290,399 shares of the company were exchanged, compared to its average volume of 1,596,446. The company's 50 day moving average price is $15.00 and its two-hundred day moving average price is $12.13. The firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of -34.17, a PEG ratio of 0.72 and a beta of 2.42. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.86 and a current ratio of 1.45. Dana Incorporated has a one year low of $7.58 and a one year high of $16.90.

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

Dana Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, February 28th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 3.00%. The ex-dividend date was Friday, February 28th. Dana's dividend payout ratio (DPR) is presently -102.56%.

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.