Robotti Robert Reduces Position in Dana Incorporated (NYSE:DAN)

Robotti Robert lessened its holdings in Dana Incorporated (NYSE:DAN - Free Report) by 52.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 174,768 shares of the auto parts company's stock after selling 190,130 shares during the period. Robotti Robert owned 0.12% of Dana worth $2,020,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in DAN. GAMMA Investing LLC raised its position 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 valued at $31,000 after purchasing an additional 1,464 shares during the period. Versant Capital Management Inc grew its holdings in shares of Dana by 484.6% during the 4th quarter. Versant Capital Management Inc now owns 2,695 shares of the auto parts company's stock worth $31,000 after purchasing an additional 2,234 shares in the last quarter. Martingale Asset Management L P bought a new position in Dana in the 3rd quarter valued at about $346,000. Yousif Capital Management LLC lifted its holdings 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 worth $657,000 after acquiring an additional 1,130 shares during the period. Finally, Great Lakes Advisors LLC increased its stake in Dana by 103.6% in the fourth quarter. Great Lakes Advisors LLC now owns 280,798 shares of the auto parts company's stock valued at $3,246,000 after acquiring an additional 142,850 shares during the last quarter. Institutional investors and hedge funds own 96.79% of the company's stock.

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Dana Stock Up 0.2 %

DAN traded up $0.03 during trading on Monday, hitting $13.19. 325,875 shares of the company's stock were exchanged, compared to its average volume of 1,592,813. The company has a quick ratio of 0.86, a current ratio of 1.45 and a debt-to-equity ratio of 1.71. The business's 50 day moving average is $15.00 and its two-hundred day moving average is $12.13. The stock has a market cap of $1.92 billion, a P/E ratio of -33.89, a PEG ratio of 0.72 and a beta of 2.42. Dana Incorporated has a fifty-two week low of $7.58 and a fifty-two week high of $16.90.

Dana (NYSE:DAN - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The auto parts company reported $0.25 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.33 billion. As a group, equities analysts expect that Dana Incorporated will post 1.5 earnings per share for the current fiscal year.

Dana Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, February 28th were paid a $0.10 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.40 annualized dividend and a yield of 3.03%. Dana's payout ratio is -102.56%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on DAN shares. Deutsche Bank Aktiengesellschaft raised shares of Dana from a "hold" rating to a "buy" rating and increased their target price for the stock from $9.00 to $19.00 in a report on Monday, December 9th. Wells Fargo & Company upgraded Dana from an "underweight" rating to an "equal weight" rating and increased their price target for the company from $10.00 to $16.00 in a research note on Monday, January 27th. UBS Group boosted their price objective on Dana from $18.00 to $20.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Barclays increased their target price on Dana from $18.00 to $23.00 and gave the company an "overweight" rating in a research report on Tuesday, January 28th. Finally, BNP Paribas upgraded Dana from a "neutral" rating to an "outperform" rating and boosted their price target for the stock from $9.00 to $16.00 in a report on Tuesday, December 3rd. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $18.50.

Dana Company 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.