Great Lakes Advisors LLC Purchases 142,850 Shares of Dana Incorporated (NYSE:DAN)

Great Lakes Advisors LLC lifted its position in Dana Incorporated (NYSE:DAN) by 103.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 280,798 shares of the auto parts company’s stock after purchasing an additional 142,850 shares during the quarter. Great Lakes Advisors LLC’s holdings in Dana were worth $3,246,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Yousif Capital Management LLC increased its holdings in shares of Dana by 2.0% in the fourth 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 grew its position in 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 in the last quarter. Versant Capital Management Inc grew its position in Dana by 484.6% in the fourth quarter. Versant Capital Management Inc now owns 2,695 shares of the auto parts company’s stock worth $31,000 after acquiring an additional 2,234 shares in the last quarter. Entropy Technologies LP purchased a new position in Dana in the third quarter worth about $250,000. Finally, Martingale Asset Management L P purchased a new position in Dana in the third quarter worth about $346,000. 96.79% of the stock is owned by institutional investors.

Dana Stock Up 5.6 %

Shares of NYSE DAN opened at $14.37 on Friday. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.86 and a current ratio of 1.45. The firm has a market capitalization of $2.08 billion, a price-to-earnings ratio of -36.85, a PEG ratio of 0.72 and a beta of 2.42. The stock has a 50 day moving average price of $14.53 and a 200 day moving average price of $11.85. Dana Incorporated has a 52-week low of $7.58 and a 52-week high of $16.90.

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

Dana Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, February 28th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.78%. Dana’s payout ratio is -102.56%.

Analyst Ratings Changes

Several research analysts recently commented on DAN shares. JPMorgan Chase & Co. lifted their price target on Dana from $14.00 to $20.00 and gave the stock an “overweight” rating in a research report on Monday, January 27th. Wells Fargo & Company upgraded Dana from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $10.00 to $16.00 in a research report on Monday, January 27th. UBS Group lifted their price target on Dana from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Barclays boosted their target price on Dana from $18.00 to $23.00 and gave the company an “overweight” rating in a research report on Tuesday, January 28th. Finally, Deutsche Bank Aktiengesellschaft upgraded Dana from a “hold” rating to a “buy” rating and boosted their target price for the company from $9.00 to $19.00 in a research report on Monday, December 9th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.