Dimensional Fund Advisors LP trimmed its stake in Dana Inc (NYSE:DAN) by 0.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 4,185,895 shares of the auto parts company’s stock after selling 5,444 shares during the period. Dimensional Fund Advisors LP owned about 2.90% of Dana worth $84,514,000 as of its most recent filing with the SEC.
Several other institutional investors also recently added to or reduced their stakes in DAN. Virginia Retirement Systems ET AL purchased a new stake in Dana during the 1st quarter worth approximately $222,000. Delpha Capital Management LLC increased its stake in Dana by 1,472.2% during the 1st quarter. Delpha Capital Management LLC now owns 9,433 shares of the auto parts company’s stock worth $243,000 after buying an additional 8,833 shares during the period. First Allied Advisory Services Inc. increased its stake in Dana by 30.5% during the 1st quarter. First Allied Advisory Services Inc. now owns 9,639 shares of the auto parts company’s stock worth $250,000 after buying an additional 2,255 shares during the period. HAP Trading LLC increased its stake in Dana by 38.4% during the 1st quarter. HAP Trading LLC now owns 14,391 shares of the auto parts company’s stock worth $371,000 after buying an additional 3,991 shares during the period. Finally, Xact Kapitalforvaltning AB increased its stake in Dana by 21.0% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 21,890 shares of the auto parts company’s stock worth $442,000 after buying an additional 3,800 shares during the period. 93.88% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts have commented on the stock. ValuEngine downgraded shares of Dana from a “sell” rating to a “strong sell” rating in a research report on Thursday, June 28th. Wolfe Research assumed coverage on shares of Dana in a research report on Tuesday. They issued a “peer perform” rating on the stock. Royal Bank of Canada reissued a “buy” rating and issued a $30.00 price objective on shares of Dana in a research report on Tuesday, July 17th. Zacks Investment Research downgraded shares of Dana from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 3rd. Finally, Buckingham Research dropped their price objective on shares of Dana from $26.00 to $22.00 and set a “neutral” rating on the stock in a research report on Thursday, July 26th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $27.67.
Shares of Dana stock traded down $0.74 during trading hours on Friday, hitting $17.76. The company had a trading volume of 1,406,339 shares, compared to its average volume of 1,571,180. Dana Inc has a twelve month low of $17.52 and a twelve month high of $35.27. The company has a current ratio of 1.63, a quick ratio of 1.05 and a debt-to-equity ratio of 1.41. The stock has a market cap of $2.70 billion, a price-to-earnings ratio of 7.05, a PEG ratio of 4.99 and a beta of 1.68.
Dana (NYSE:DAN) last issued its earnings results on Wednesday, July 25th. The auto parts company reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.04). Dana had a net margin of 2.51% and a return on equity of 32.56%. The company had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2 billion. During the same quarter in the previous year, the company posted $0.68 EPS. The company’s quarterly revenue was up 11063.0% on a year-over-year basis. On average, analysts forecast that Dana Inc will post 2.95 earnings per share for the current fiscal year.
Dana Incorporated provides drive and motion products, sealing solutions, thermal-management technologies, and fluid-power products to vehicle and engine manufacturer in North America, Europe, South America, and the Asia Pacific. The company operates in four segments: Light Vehicle Driveline Technologies, Commercial Vehicle Driveline Technologies, Off-Highway Driveline Technologies, and Power Technologies.
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