Cibc World Markets Corp Boosts Holdings in Dana Incorporated (NYSE:DAN)

Cibc World Markets Corp raised its holdings in Dana Incorporated (NYSE:DAN) by 1.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 687,220 shares of the auto parts company’s stock after purchasing an additional 12,220 shares during the period. Cibc World Markets Corp owned 0.47% of Dana worth $7,944,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of DAN. Yousif Capital Management LLC raised its position in shares of Dana by 2.0% during the 4th quarter. Yousif Capital Management LLC now owns 56,818 shares of the auto parts company’s stock worth $657,000 after purchasing an additional 1,130 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Dana by 118.3% in the fourth quarter. GAMMA Investing LLC now owns 2,702 shares of the auto parts company’s stock worth $31,000 after acquiring an additional 1,464 shares during the last quarter. Versant Capital Management Inc lifted its position in shares of Dana by 484.6% in the fourth quarter. Versant Capital Management Inc now owns 2,695 shares of the auto parts company’s stock valued at $31,000 after acquiring an additional 2,234 shares in the last quarter. Martingale Asset Management L P acquired a new stake in shares of Dana during the third quarter valued at $346,000. Finally, JB Capital Partners LP increased its position in Dana by 9.9% during the 3rd quarter. JB Capital Partners LP now owns 1,425,293 shares of the auto parts company’s stock worth $14,880,000 after purchasing an additional 128,000 shares in the last quarter. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Dana Stock Performance

NYSE DAN opened at $14.17 on Wednesday. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.45 and a quick ratio of 0.86. Dana Incorporated has a 1-year low of $7.58 and a 1-year high of $16.90. The firm has a market capitalization of $2.05 billion, a P/E ratio of -36.32, a P/E/G ratio of 0.72 and a beta of 2.42. The business’s 50-day simple moving average is $14.63 and its 200-day simple moving average is $11.91.

Dana (NYSE:DAN) last announced its quarterly earnings results on Thursday, February 20th. The auto parts company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.15. Dana had a negative net margin of 0.55% and a positive return on equity of 6.70%. The firm had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.33 billion. Equities analysts predict that Dana Incorporated will post 1.5 EPS for the current year.

Dana Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, February 28th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.82%. The ex-dividend date is Friday, February 28th. Dana’s dividend payout ratio (DPR) is presently -102.56%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. 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 note on Tuesday, January 28th. Royal Bank of Canada lifted their target price on shares of Dana from $13.00 to $16.00 and gave the stock a “sector perform” rating in a research note on Friday, February 21st. Wells Fargo & Company upgraded Dana from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $10.00 to $16.00 in a report on Monday, January 27th. Deutsche Bank Aktiengesellschaft upgraded Dana from a “hold” rating to a “buy” rating and upped their target price for the company from $9.00 to $19.00 in a research note on Monday, December 9th. Finally, BNP Paribas upgraded Dana from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $9.00 to $16.00 in a research report on Tuesday, December 3rd. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.50.

Dana Company 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.