Dana Incorporated (NYSE:DAN) Shares Purchased by Russell Investments Group Ltd.

Russell Investments Group Ltd. raised its stake in shares of Dana Incorporated (NYSE:DAN) by 1.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 936,143 shares of the auto parts company’s stock after acquiring an additional 17,569 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.65% of Dana worth $10,822,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its stake in shares of Dana by 118.3% in the 4th 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 in the last quarter. Versant Capital Management Inc raised its stake in Dana by 484.6% during the fourth quarter. Versant Capital Management Inc now owns 2,695 shares of the auto parts company’s stock valued at $31,000 after buying an additional 2,234 shares in the last quarter. Yousif Capital Management LLC raised its stake in Dana by 2.0% during the fourth quarter. Yousif Capital Management LLC now owns 56,818 shares of the auto parts company’s stock valued at $657,000 after buying an additional 1,130 shares in the last quarter. Great Lakes Advisors LLC lifted its holdings in Dana by 103.6% during the 4th quarter. Great Lakes Advisors LLC now owns 280,798 shares of the auto parts company’s stock worth $3,246,000 after buying an additional 142,850 shares during the last quarter. Finally, Cibc World Markets Corp grew its position in shares of Dana by 1.8% in the 4th quarter. Cibc World Markets Corp now owns 687,220 shares of the auto parts company’s stock worth $7,944,000 after acquiring an additional 12,220 shares in the last quarter. 96.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DAN has been the topic of several research analyst reports. UBS Group reduced their price objective on Dana from $20.00 to $18.00 and set a “buy” rating on the stock in a research note on Thursday. Barclays raised their price target on shares of Dana from $18.00 to $23.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 28th. Wells Fargo & Company raised shares of Dana from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $10.00 to $16.00 in a research report on Monday, January 27th. StockNews.com cut shares of Dana from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. lifted their target price on Dana from $14.00 to $20.00 and gave the company an “overweight” rating in a research note on Monday, January 27th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $18.25.

Dana Price Performance

Shares of NYSE:DAN opened at $10.82 on Friday. The firm’s 50 day moving average is $14.21 and its two-hundred day moving average is $12.24. The firm has a market capitalization of $1.58 billion, a P/E ratio of -27.73, a PEG ratio of 0.72 and a beta of 2.26. The company has a current ratio of 1.45, a quick ratio of 0.86 and a debt-to-equity ratio of 1.71. Dana Incorporated has a 52 week low of $7.58 and a 52 week high of $16.90.

Dana (NYSE:DAN) last posted its earnings results on Thursday, February 20th. The auto parts company reported $0.25 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 analysts’ expectations of $2.33 billion. Analysts anticipate that Dana Incorporated will post 1.5 earnings per share for the current year.

Dana Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, February 28th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 3.70%. The ex-dividend date was Friday, February 28th. Dana’s payout ratio is currently -102.56%.

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.