23,692 Shares in Dana Incorporated (NYSE:DAN) Purchased by Entropy Technologies LP

Entropy Technologies LP acquired a new position in shares of Dana Incorporated (NYSE:DAN) during the 3rd quarter, Holdings Channel.com reports. The fund acquired 23,692 shares of the auto parts company’s stock, valued at approximately $250,000.

Separately, SG Americas Securities LLC lifted its holdings in shares of Dana by 81.8% during the third quarter. SG Americas Securities LLC now owns 58,274 shares of the auto parts company’s stock valued at $615,000 after purchasing an additional 26,225 shares during the last quarter. 96.79% of the stock is owned by institutional investors and hedge funds.

Dana Trading Down 2.5 %

Dana stock opened at $8.13 on Friday. Dana Incorporated has a one year low of $7.58 and a one year high of $15.07. The business’s fifty day moving average is $9.87 and its 200 day moving average is $11.43. The stock has a market capitalization of $1.18 billion, a PE ratio of -73.91, a price-to-earnings-growth ratio of 0.83 and a beta of 2.30. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.49 and a quick ratio of 0.86.

Dana (NYSE:DAN) last announced its quarterly earnings results on Wednesday, October 30th. The auto parts company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.13). The company had revenue of $2.48 billion for the quarter, compared to analysts’ expectations of $2.57 billion. Dana had a negative net margin of 0.15% and a positive return on equity of 3.48%. The business’s revenue was down 7.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.30 EPS. On average, sell-side analysts predict that Dana Incorporated will post 0.85 EPS for the current year.

Dana Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 8th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.40 annualized dividend and a dividend yield of 4.92%. Dana’s payout ratio is -363.64%.

Analysts Set New Price Targets

Several research firms recently weighed in on DAN. JPMorgan Chase & Co. cut their price target on Dana from $16.00 to $14.00 and set an “overweight” rating on the stock in a research note on Monday, November 11th. StockNews.com cut Dana from a “buy” rating to a “hold” rating in a research note on Wednesday, October 9th. Wolfe Research assumed coverage on Dana in a research report on Thursday, September 5th. They issued a “peer perform” rating for the company. Wells Fargo & Company dropped their price target on shares of Dana from $9.00 to $7.00 and set an “underweight” rating on the stock in a research note on Thursday, October 31st. Finally, Barclays reduced their price objective on shares of Dana from $14.00 to $12.00 and set an “equal weight” rating for the company in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $12.50.

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.