Capital Fund Management S.A. Invests $487,000 in Dana Inc (DAN) Stock
Capital Fund Management S.A. bought a new position in shares of Dana Inc (NYSE:DAN) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 15,200 shares of the auto parts company’s stock, valued at approximately $487,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its stake in Dana by 1.6% during the third quarter. Dimensional Fund Advisors LP now owns 4,413,135 shares of the auto parts company’s stock worth $123,392,000 after purchasing an additional 70,332 shares during the last quarter. Frontier Capital Management Co. LLC lifted its stake in Dana by 8.2% during the fourth quarter. Frontier Capital Management Co. LLC now owns 3,889,210 shares of the auto parts company’s stock worth $124,494,000 after purchasing an additional 296,365 shares during the last quarter. Anchor Bolt Capital LP lifted its stake in Dana by 101.2% during the third quarter. Anchor Bolt Capital LP now owns 2,666,372 shares of the auto parts company’s stock worth $74,552,000 after purchasing an additional 1,341,353 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Dana by 0.8% during the fourth quarter. Victory Capital Management Inc. now owns 1,821,534 shares of the auto parts company’s stock worth $58,307,000 after purchasing an additional 14,169 shares during the last quarter. Finally, LSV Asset Management lifted its stake in Dana by 0.9% during the fourth quarter. LSV Asset Management now owns 1,644,015 shares of the auto parts company’s stock worth $52,624,000 after purchasing an additional 13,900 shares during the last quarter. Hedge funds and other institutional investors own 94.34% of the company’s stock.
DAN has been the subject of several recent analyst reports. Deutsche Bank upped their target price on Dana from $24.00 to $30.00 and gave the stock a “hold” rating in a research note on Friday, November 17th. Barclays restated a “hold” rating and set a $32.00 target price on shares of Dana in a research note on Tuesday, January 9th. Royal Bank of Canada restated a “buy” rating on shares of Dana in a research note on Friday, October 27th. Zacks Investment Research cut Dana from a “buy” rating to a “hold” rating in a research note on Monday, February 5th. Finally, ValuEngine downgraded shares of Dana from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. One research analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $29.55.
Dana Inc (DAN) opened at $28.01 on Friday. The stock has a market cap of $4,045.62, a price-to-earnings ratio of 40.01 and a beta of 1.66. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.12 and a current ratio of 1.69. Dana Inc has a 1-year low of $17.53 and a 1-year high of $35.27.
Dana (NYSE:DAN) last announced its quarterly earnings results on Tuesday, February 13th. The auto parts company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.09. The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.82 billion. Dana had a net margin of 1.54% and a return on equity of 30.70%. The company’s revenue for the quarter was up 27.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.59 earnings per share. research analysts predict that Dana Inc will post 2.8 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 2nd will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, March 1st. This is an increase from Dana’s previous quarterly dividend of $0.06. This represents a $0.40 annualized dividend and a dividend yield of 1.43%. Dana’s dividend payout ratio is 34.29%.
Dana announced that its board has authorized a share buyback plan on Wednesday, January 17th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the auto parts company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its stock is undervalued.
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Dana Incorporated, formerly Dana Holding Corporation, is a global provider of technology driveline, sealing and thermal-management products. The Company operates in four segments: Light Vehicle Driveline Technologies (Light Vehicle), Commercial Vehicle Driveline Technologies (Commercial Vehicle), Off-Highway Driveline Technologies (Off-Highway) and Power Technologies.
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