Segall Bryant & Hamill LLC Purchases New Holdings in Dana Incorporated (NYSE:DAN)

Segall Bryant & Hamill LLC acquired a new position in shares of Dana Incorporated (NYSE:DAN) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 254,476 shares of the auto parts company’s stock, valued at approximately $2,687,000. Segall Bryant & Hamill LLC owned 0.18% of Dana at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of DAN. Rhumbline Advisers lifted its holdings in shares of Dana by 1.3% during the second quarter. Rhumbline Advisers now owns 426,586 shares of the auto parts company’s stock worth $5,170,000 after purchasing an additional 5,468 shares during the period. SG Americas Securities LLC increased its stake 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 worth $615,000 after acquiring an additional 26,225 shares during the period. Finally, Entropy Technologies LP purchased a new position in Dana during the third quarter worth about $250,000. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Dana Price Performance

Shares of NYSE DAN opened at $8.53 on Friday. The company has a current ratio of 1.49, a quick ratio of 0.86 and a debt-to-equity ratio of 1.58. The company’s 50-day moving average price is $9.75 and its 200 day moving average price is $11.30. Dana Incorporated has a 52 week low of $7.58 and a 52 week high of $15.07. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of -75.42, a PEG ratio of 0.76 and a beta of 2.30.

Dana (NYSE:DAN) last issued its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.13). The company had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.57 billion. Dana had a positive return on equity of 3.48% and a negative net margin of 0.15%. The company’s revenue for the quarter was down 7.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.30 earnings per share. As a group, research analysts forecast that Dana Incorporated will post 0.85 earnings per share for the current fiscal year.

Dana Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 8th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 4.69%. The ex-dividend date of this dividend is Friday, November 8th. Dana’s dividend payout ratio is presently -363.60%.

Dana 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.