JB Capital Partners LP Sells 25,000 Shares of Dana Incorporated (NYSE:DAN)

JB Capital Partners LP trimmed its position in shares of Dana Incorporated (NYSE:DANFree Report) by 2.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,183,493 shares of the auto parts company’s stock after selling 25,000 shares during the period. Dana accounts for 3.3% of JB Capital Partners LP’s investment portfolio, making the stock its 8th largest holding. JB Capital Partners LP’s holdings in Dana were worth $17,291,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in DAN. Cibc World Markets Corp increased its holdings in shares of Dana by 46.0% in the fourth quarter. Cibc World Markets Corp now owns 1,190,000 shares of the auto parts company’s stock valued at $17,386,000 after purchasing an additional 375,000 shares during the last quarter. Great Lakes Advisors LLC increased its holdings in shares of Dana by 89.5% in the fourth quarter. Great Lakes Advisors LLC now owns 126,015 shares of the auto parts company’s stock valued at $1,841,000 after purchasing an additional 59,502 shares during the last quarter. Handelsbanken Fonder AB grew its stake in shares of Dana by 71.5% in the fourth quarter. Handelsbanken Fonder AB now owns 35,490 shares of the auto parts company’s stock valued at $519,000 after acquiring an additional 14,800 shares in the last quarter. Knights of Columbus Asset Advisors LLC grew its stake in shares of Dana by 164.0% in the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 284,582 shares of the auto parts company’s stock valued at $4,158,000 after acquiring an additional 176,778 shares in the last quarter. Finally, Neo Ivy Capital Management bought a new stake in Dana during the third quarter worth about $1,602,000. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Barclays dropped their target price on shares of Dana from $16.00 to $15.00 and set an “equal weight” rating for the company in a report on Wednesday, February 28th. Oppenheimer raised their price objective on shares of Dana from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Wells Fargo & Company dropped their price objective on Dana from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 21st. Finally, JPMorgan Chase & Co. dropped their price objective on Dana from $19.00 to $18.00 and set an “overweight” rating on the stock in a research note on Monday, February 26th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $16.67.

Get Our Latest Stock Analysis on Dana

Dana Price Performance

DAN stock remained flat at $13.48 during mid-day trading on Friday. The company’s stock had a trading volume of 856,782 shares, compared to its average volume of 1,145,239. The company has a quick ratio of 0.97, a current ratio of 1.60 and a debt-to-equity ratio of 1.61. The stock has a market capitalization of $1.95 billion, a P/E ratio of 149.79, a P/E/G ratio of 0.41 and a beta of 2.43. Dana Incorporated has a 1-year low of $11.10 and a 1-year high of $19.75. The company has a 50-day moving average price of $13.12 and a two-hundred day moving average price of $13.23.

Dana (NYSE:DANGet Free Report) last posted its earnings results on Tuesday, April 30th. The auto parts company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.08). The company had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.69 billion. Dana had a net margin of 0.12% and a return on equity of 5.42%. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.25 EPS. As a group, analysts forecast that Dana Incorporated will post 0.91 EPS for the current year.

Dana Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Friday, May 10th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.97%. Dana’s dividend payout ratio (DPR) is presently 444.49%.

Dana Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding DAN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dana Incorporated (NYSE:DANFree Report).

Institutional Ownership by Quarter for Dana (NYSE:DAN)

Receive News & Ratings for Dana Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dana and related companies with MarketBeat.com's FREE daily email newsletter.