Segall Bryant & Hamill LLC Makes New $2.69 Million Investment in Dana Incorporated (NYSE:DAN)

Segall Bryant & Hamill LLC bought a new stake in Dana Incorporated (NYSE:DAN - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 254,476 shares of the auto parts company's stock, valued at approximately $2,687,000. Segall Bryant & Hamill LLC owned 0.18% of Dana as of its most recent SEC filing.

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

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Wells Fargo & Company lowered their target price on shares of Dana from $9.00 to $7.00 and set an "underweight" rating on the stock in a report on Thursday, October 31st. Wolfe Research assumed coverage on shares of Dana in a research note on Thursday, September 5th. They set a "peer perform" rating on the stock. Barclays cut their target price on shares of Dana from $14.00 to $12.00 and set an "equal weight" rating for the company in a research note on Thursday, October 31st. JPMorgan Chase & Co. decreased their price target on Dana from $16.00 to $14.00 and set an "overweight" rating on the stock in a research report on Monday, November 11th. Finally, StockNews.com cut Dana from a "buy" rating to a "hold" rating in a report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $12.50.

Dana Price Performance

Shares of Dana stock traded up $0.26 during midday trading on Friday, reaching $8.54. The company had a trading volume of 1,338,630 shares, compared to its average volume of 2,321,689. The stock has a fifty day simple moving average of $9.72 and a 200 day simple moving average of $11.26. Dana Incorporated has a 1-year low of $7.58 and a 1-year high of $15.07. The company has a current ratio of 1.49, a quick ratio of 0.86 and a debt-to-equity ratio of 1.58. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of -77.54, a price-to-earnings-growth ratio of 0.80 and a beta of 2.30.

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

Dana Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 8th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 4.68%. The ex-dividend date is Friday, November 8th. Dana's dividend payout ratio (DPR) is presently -363.60%.

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.