Deutsche Bank AG Lowers Holdings in Dana Inc (DAN)

Deutsche Bank AG cut its stake in shares of Dana Inc (NYSE:DAN) by 18.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,320,447 shares of the auto parts company’s stock after selling 297,832 shares during the period. Deutsche Bank AG owned 0.92% of Dana worth $17,996,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of DAN. Geode Capital Management LLC raised its holdings in Dana by 12.2% in the fourth quarter. Geode Capital Management LLC now owns 1,617,488 shares of the auto parts company’s stock worth $22,045,000 after purchasing an additional 175,414 shares in the last quarter. Norges Bank bought a new position in Dana in the fourth quarter worth $30,517,000. Amalgamated Bank increased its holdings in shares of Dana by 109.5% during the fourth quarter. Amalgamated Bank now owns 22,742 shares of the auto parts company’s stock valued at $310,000 after acquiring an additional 11,888 shares in the last quarter. Weber Alan W increased its holdings in shares of Dana by 3.4% during the fourth quarter. Weber Alan W now owns 770,993 shares of the auto parts company’s stock valued at $10,509,000 after acquiring an additional 25,000 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in shares of Dana by 4.5% during the fourth quarter. Legal & General Group Plc now owns 214,545 shares of the auto parts company’s stock valued at $2,924,000 after acquiring an additional 9,185 shares in the last quarter. Institutional investors own 95.80% of the company’s stock.

NYSE:DAN traded down $0.11 on Friday, hitting $18.19. The stock had a trading volume of 2,512,948 shares, compared to its average volume of 1,321,148. The stock has a market capitalization of $2.61 billion, a price-to-earnings ratio of 6.12, a PEG ratio of 1.26 and a beta of 1.88. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.07 and a current ratio of 1.66. Dana Inc has a 52-week low of $12.65 and a 52-week high of $24.72.

Dana (NYSE:DAN) last announced its earnings results on Thursday, May 2nd. The auto parts company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.05. The business had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.18 billion. Dana had a return on equity of 32.39% and a net margin of 5.11%. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period last year, the firm posted $0.75 earnings per share. As a group, equities analysts forecast that Dana Inc will post 3.28 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, May 16th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.20%. Dana’s payout ratio is currently 13.47%.

Several equities analysts have recently weighed in on DAN shares. Zacks Investment Research upgraded Dana from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a report on Tuesday, March 19th. KeyCorp set a $20.00 price target on Dana and gave the company a “buy” rating in a report on Friday, January 18th. Buckingham Research set a $21.00 price target on Dana and gave the company a “hold” rating in a report on Thursday, February 28th. TheStreet upgraded Dana from a “c” rating to a “b” rating in a report on Wednesday, February 20th. Finally, Wolfe Research cut Dana from an “outperform” rating to a “peer perform” rating in a research report on Thursday, April 18th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. Dana currently has a consensus rating of “Hold” and an average target price of $21.00.

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About Dana

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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Institutional Ownership by Quarter for Dana (NYSE:DAN)

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