Amalgamated Bank lowered its position in Dana Incorporated (NYSE:DAN – Get Rating) by 4.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 95,275 shares of the auto parts company's stock after selling 4,571 shares during the period. Amalgamated Bank owned about 0.07% of Dana worth $1,674,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in the company. Aaron Wealth Advisors LLC bought a new position in Dana during the 1st quarter worth about $640,000. Crossmark Global Holdings Inc. increased its holdings in Dana by 6.8% during the 1st quarter. Crossmark Global Holdings Inc. now owns 13,070 shares of the auto parts company's stock worth $229,000 after purchasing an additional 830 shares in the last quarter. Keene & Associates Inc. increased its holdings in Dana by 19.9% during the 1st quarter. Keene & Associates Inc. now owns 19,707 shares of the auto parts company's stock worth $346,000 after purchasing an additional 3,267 shares in the last quarter. Verity Asset Management Inc. bought a new position in Dana during the 1st quarter worth about $96,000. Finally, Strs Ohio increased its holdings in Dana by 6.2% during the 1st quarter. Strs Ohio now owns 68,200 shares of the auto parts company's stock worth $1,198,000 after purchasing an additional 4,000 shares in the last quarter. Institutional investors own 95.98% of the company's stock.
Get Dana alerts:Dana Trading Up 1.2 %
Shares of NYSE:DAN opened at $12.20 on Tuesday. Dana Incorporated has a 52-week low of $11.81 and a 52-week high of $25.59. The company has a market capitalization of $1.75 billion, a P/E ratio of 17.68 and a beta of 2.25. The company has a 50-day simple moving average of $15.63 and a 200 day simple moving average of $15.66. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.91 and a current ratio of 1.52.
Dana (NYSE:DAN – Get Rating) last issued its earnings results on Wednesday, August 3rd. The auto parts company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.13). Dana had a net margin of 1.03% and a return on equity of 4.89%. The firm had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.45 billion. During the same quarter last year, the business posted $0.59 earnings per share. The company's revenue for the quarter was up 17.3% on a year-over-year basis. Sell-side analysts forecast that Dana Incorporated will post 0.74 earnings per share for the current year.Dana Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 2nd. Shareholders of record on Friday, August 12th were given a dividend of $0.10 per share. The ex-dividend date was Thursday, August 11th. This represents a $0.40 annualized dividend and a yield of 3.28%. Dana's dividend payout ratio (DPR) is presently 57.97%.
Analyst Ratings Changes
A number of equities analysts have issued reports on DAN shares. Wells Fargo & Company increased their target price on Dana from $15.00 to $16.00 and gave the stock an "equal weight" rating in a report on Thursday, August 4th. Deutsche Bank Aktiengesellschaft downgraded shares of Dana from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $18.00 to $15.00 in a research note on Thursday, August 4th. Finally, Royal Bank of Canada increased their price objective on shares of Dana from $17.00 to $18.00 and gave the stock an "outperform" rating in a research note on Thursday, August 4th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Dana presently has a consensus rating of "Hold" and an average target price of $16.25.
Dana Profile
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Dana Incorporated provides power-conveyance and energy-management solutions for vehicles and machinery in North America, Europe, South America, and the Asia Pacific. It operates in four segments: Light Vehicle Drive Systems, Commercial Vehicle Drive and Motion Systems, Off-Highway Drive and Motion Systems, and Power Technologies.
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