Squarepoint Ops LLC Buys 120,978 Shares of Dana Incorporated $DAN

Squarepoint Ops LLC boosted its stake in Dana Incorporated (NYSE:DAN) by 96.8% during the second quarter, Holdings Channel reports. The institutional investor owned 245,894 shares of the auto parts company’s stock after buying an additional 120,978 shares during the period. Squarepoint Ops LLC’s holdings in Dana were worth $6,691,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. BlackRock Inc. bought a new stake in shares of Dana during the second quarter worth approximately $496,741,000. California State Teachers Retirement System increased its stake in shares of Dana by 2,541.4% during the second quarter. California State Teachers Retirement System now owns 3,467,697 shares of the auto parts company’s stock worth $94,356,000 after purchasing an additional 3,336,415 shares during the period. Nykredit A S bought a new position in shares of Dana during the second quarter worth approximately $84,700,000. JB Capital Partners LP acquired a new stake in Dana during the 2nd quarter worth approximately $50,400,893. Finally, Bank of New York Mellon Corp bought a new stake in Dana in the 2nd quarter valued at $25,571,000. 96.79% of the stock is owned by institutional investors.

Dana Price Performance

Dana stock opened at $30.67 on Friday. The firm has a market cap of $3.30 billion, a PE ratio of 3.05 and a beta of 2.01. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.49 and a quick ratio of 1.03. The stock’s fifty day moving average price is $28.74 and its two-hundred day moving average price is $31.88. Dana Incorporated has a one year low of $17.74 and a one year high of $39.56.

Dana (NYSE:DAN) last released its earnings results on Thursday, August 6th. The auto parts company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.51). The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.93 billion. Dana had a net margin of 14.55% and a return on equity of 4.07%. The business’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 earnings per share. Dana has set its FY 2026 guidance at 1.750-2.250 EPS. As a group, research analysts expect that Dana Incorporated will post 1.93 EPS for the current fiscal year.

Dana Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 7th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, August 7th. This represents a $0.48 annualized dividend and a yield of 1.6%. Dana’s dividend payout ratio is currently 4.78%.

Analyst Ratings Changes

A number of brokerages have commented on DAN. Weiss Ratings lowered Dana from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Wells Fargo & Company reduced their target price on shares of Dana from $33.00 to $28.00 and set an “equal weight” rating for the company in a research report on Friday, August 7th. Royal Bank Of Canada upped their price target on shares of Dana from $33.00 to $37.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. UBS Group lowered their price target on shares of Dana from $39.00 to $38.00 and set a “buy” rating on the stock in a research report on Friday, August 7th. Finally, Barclays lifted their price objective on shares of Dana from $33.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Friday, August 14th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $37.00.

About Dana

Dana Incorporated is a global leader in the design and manufacture of drivetrain, sealing, and thermal-management technologies for the automotive, commercial vehicle, off-highway and industrial markets. The company’s product portfolio includes axles, driveshafts, transmissions, e-Propulsion systems and thermal-management assemblies that help improve fuel efficiency, reduce emissions and enhance vehicle performance. Dana’s expertise spans internal combustion and electrified powertrains, positioning it to support both traditional and next-generation mobility solutions.

Founded in 1904 by Clarence W.