Great West Life Assurance Co. Can grew its holdings in Dana Inc (NYSE:DAN) by 17.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 93,982 shares of the auto parts company’s stock after buying an additional 14,284 shares during the period. Great West Life Assurance Co. Can owned approximately 0.06% of Dana worth $1,187,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also modified their holdings of the business. DekaBank Deutsche Girozentrale acquired a new stake in Dana in the third quarter valued at approximately $620,000. Credit Suisse AG raised its stake in shares of Dana by 11.3% during the third quarter. Credit Suisse AG now owns 368,510 shares of the auto parts company’s stock valued at $6,880,000 after purchasing an additional 37,360 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Dana by 0.5% during the third quarter. Dimensional Fund Advisors LP now owns 4,205,306 shares of the auto parts company’s stock valued at $78,514,000 after purchasing an additional 19,411 shares in the last quarter. United Services Automobile Association raised its stake in shares of Dana by 152.0% during the third quarter. United Services Automobile Association now owns 62,525 shares of the auto parts company’s stock valued at $1,167,000 after purchasing an additional 37,714 shares in the last quarter. Finally, William Blair Investment Management LLC raised its stake in shares of Dana by 13.0% during the third quarter. William Blair Investment Management LLC now owns 870,456 shares of the auto parts company’s stock valued at $16,251,000 after purchasing an additional 99,840 shares in the last quarter. 95.72% of the stock is owned by institutional investors and hedge funds.
Dana stock traded down $0.25 on Friday, reaching $20.49. The company’s stock had a trading volume of 1,334,491 shares, compared to its average volume of 1,439,114. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.07 and a current ratio of 1.66. The firm has a market cap of $2.94 billion, a P/E ratio of 6.90, a P/E/G ratio of 1.42 and a beta of 1.86. Dana Inc has a twelve month low of $12.65 and a twelve month high of $26.64.
The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 1st were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend was Thursday, February 28th. Dana’s dividend payout ratio (DPR) is presently 13.47%.
A number of equities analysts recently weighed in on the company. Stephens reissued a “hold” rating and issued a $16.00 price target on shares of Dana in a research note on Sunday, January 6th. Barclays restated a “buy” rating and issued a $24.00 target price on shares of Dana in a report on Wednesday, March 13th. Royal Bank of Canada lifted their price target on Dana from $22.00 to $23.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 12th. UBS Group upgraded Dana from a “neutral” rating to a “buy” rating and set a $19.00 price objective on the stock in a research report on Friday, January 4th. Finally, Wolfe Research cut Dana from an “outperform” rating to a “peer perform” rating in a research report on Thursday. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $21.60.
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Dana Company Profile
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 Drive and Motion Technologies, and Power Technologies.
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