Systematic Financial Management LP Sells 94,845 Shares of Dana Incorporated (NYSE:DAN)

Systematic Financial Management LP lowered its position in Dana Incorporated (NYSE:DAN - Free Report) by 22.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 333,579 shares of the auto parts company's stock after selling 94,845 shares during the period. Systematic Financial Management LP owned 0.23% of Dana worth $3,523,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Entropy Technologies LP bought a new position in Dana in the 3rd quarter worth approximately $250,000. SG Americas Securities LLC bought a new position in Dana in the 2nd quarter worth approximately $388,000. Martingale Asset Management L P bought a new position in Dana in the 3rd quarter worth approximately $346,000. Segall Bryant & Hamill LLC bought a new position in Dana in the 3rd quarter worth approximately $2,687,000. Finally, Rhumbline Advisers raised its position in Dana by 1.3% in the 2nd quarter. Rhumbline Advisers now owns 426,586 shares of the auto parts company's stock worth $5,170,000 after purchasing an additional 5,468 shares during the last quarter. Institutional investors own 96.79% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on DAN. Wolfe Research began coverage on shares of Dana in a research report on Thursday, September 5th. They issued a "peer perform" rating for the company. Wells Fargo & Company lowered their target price on shares of Dana from $9.00 to $7.00 and set an "underweight" rating for the company in a report on Thursday, October 31st. Barclays raised shares of Dana from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $12.00 to $18.00 in a report on Monday. StockNews.com lowered shares of Dana from a "buy" rating to a "hold" rating in a report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Dana from $16.00 to $14.00 and set an "overweight" rating for the company in a report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $13.86.

Dana Trading Up 1.3 %

Shares of DAN stock traded up $0.16 on Friday, hitting $12.44. The stock had a trading volume of 3,000,617 shares, compared to its average volume of 1,493,023. Dana Incorporated has a twelve month low of $7.58 and a twelve month high of $15.07. The firm has a market cap of $1.80 billion, a P/E ratio of -113.09, a PEG ratio of 1.17 and a beta of 2.36. 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 fifty day moving average price of $9.84 and a two-hundred day moving average price of $11.07.

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

Dana Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 8th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 3.22%. The ex-dividend date was Friday, November 8th. Dana's dividend payout ratio (DPR) is -363.64%.

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.