Knights of Columbus Asset Advisors LLC Grows Position in Dana Incorporated (NYSE:DAN)

Knights of Columbus Asset Advisors LLC boosted its stake in shares of Dana Incorporated (NYSE:DAN) by 164.0% during the 4th quarter, Holdings Channel reports. The firm owned 284,582 shares of the auto parts company’s stock after acquiring an additional 176,778 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Dana were worth $4,158,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of DAN. Captrust Financial Advisors grew its position in Dana by 121.5% during the 2nd quarter. Captrust Financial Advisors now owns 5,502 shares of the auto parts company’s stock worth $77,000 after purchasing an additional 3,018 shares during the last quarter. Teachers Retirement System of The State of Kentucky purchased a new stake in Dana during the 3rd quarter worth approximately $335,000. SG Americas Securities LLC purchased a new stake in Dana during the 3rd quarter worth approximately $567,000. Strs Ohio grew its position in Dana by 1.6% during the 3rd quarter. Strs Ohio now owns 58,000 shares of the auto parts company’s stock worth $850,000 after purchasing an additional 900 shares during the last quarter. Finally, Great Lakes Advisors LLC boosted its holdings in shares of Dana by 93.6% in the 3rd quarter. Great Lakes Advisors LLC now owns 66,513 shares of the auto parts company’s stock valued at $976,000 after acquiring an additional 32,163 shares during the last quarter. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Dana Stock Performance

NYSE DAN opened at $12.15 on Friday. The stock has a 50-day simple moving average of $12.45 and a two-hundred day simple moving average of $13.04. The firm has a market capitalization of $1.76 billion, a P/E ratio of 46.73, a PEG ratio of 0.34 and a beta of 2.49. Dana Incorporated has a fifty-two week low of $11.10 and a fifty-two week high of $19.75. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.93 and a current ratio of 1.58.

Dana (NYSE:DAN) last announced its quarterly earnings results on Tuesday, February 20th. The auto parts company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.06). Dana had a net margin of 0.36% and a return on equity of 7.37%. The business had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.58 billion. During the same quarter in the prior year, the firm earned ($0.10) EPS. Dana’s revenue for the quarter was down 2.4% on a year-over-year basis. On average, equities analysts forecast that Dana Incorporated will post 0.99 earnings per share for the current year.

Dana Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 1st were paid a $0.10 dividend. The ex-dividend date was Thursday, February 29th. This represents a $0.40 annualized dividend and a dividend yield of 3.29%. Dana’s dividend payout ratio is presently 153.85%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on DAN shares. Wells Fargo & Company reduced their target price on shares of Dana from $14.00 to $13.00 and set an “equal weight” rating for the company in a report on Wednesday, February 21st. JPMorgan Chase & Co. reduced their price objective on Dana from $19.00 to $18.00 and set an “overweight” rating for the company in a research note on Monday, February 26th. Finally, Barclays reduced their price objective on Dana from $16.00 to $15.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 28th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Dana presently has a consensus rating of “Hold” and a consensus target price of $16.43.

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.