Knights of Columbus Asset Advisors LLC Acquires 176,778 Shares of Dana Incorporated (NYSE:DAN)

Knights of Columbus Asset Advisors LLC grew its position in shares of Dana Incorporated (NYSE:DAN) by 164.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 284,582 shares of the auto parts company’s stock after buying an additional 176,778 shares during the quarter. Knights of Columbus Asset Advisors LLC owned 0.20% of Dana worth $4,158,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Captrust Financial Advisors grew its holdings in shares of Dana by 121.5% during the second quarter. Captrust Financial Advisors now owns 5,502 shares of the auto parts company’s stock valued at $77,000 after buying an additional 3,018 shares during the last quarter. Teachers Retirement System of The State of Kentucky purchased a new stake in shares of Dana during the third quarter valued at approximately $335,000. SG Americas Securities LLC purchased a new stake in shares of Dana during the third quarter valued at approximately $567,000. Strs Ohio grew its holdings in shares of Dana by 1.6% during the third quarter. Strs Ohio now owns 58,000 shares of the auto parts company’s stock valued at $850,000 after buying an additional 900 shares during the last quarter. Finally, Great Lakes Advisors LLC grew its holdings in shares of Dana by 93.6% during the third quarter. Great Lakes Advisors LLC now owns 66,513 shares of the auto parts company’s stock valued at $976,000 after buying an additional 32,163 shares during the last quarter. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Analysts Set New Price Targets

DAN has been the topic of several research reports. Barclays dropped their target price on shares of Dana from $16.00 to $15.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 28th. JPMorgan Chase & Co. dropped their target price on shares of Dana from $19.00 to $18.00 and set an “overweight” rating on the stock in a report on Monday, February 26th. Finally, Wells Fargo & Company dropped their target price on shares of Dana from $14.00 to $13.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 21st. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Dana currently has a consensus rating of “Hold” and an average target price of $16.43.

Dana Stock Up 1.2 %

DAN opened at $12.15 on Friday. The company has a current ratio of 1.58, a quick ratio of 0.93 and a debt-to-equity ratio of 1.59. Dana Incorporated has a 1-year low of $11.10 and a 1-year high of $19.75. The company has a market capitalization of $1.76 billion, a PE ratio of 46.73, a PEG ratio of 0.34 and a beta of 2.49. The firm’s 50 day simple moving average is $12.45 and its two-hundred day simple moving average is $13.04.

Dana (NYSE:DAN) last released its quarterly earnings results on Tuesday, February 20th. The auto parts company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.06). Dana had a return on equity of 7.37% and a net margin of 0.36%. The business had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.58 billion. During the same quarter in the previous year, the business posted ($0.10) earnings per share. The firm’s revenue was down 2.4% on a year-over-year basis. As a group, equities analysts forecast that Dana Incorporated will post 0.99 EPS for the current year.

Dana Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 1st were given a dividend of $0.10 per share. The ex-dividend date was Thursday, February 29th. This represents a $0.40 annualized dividend and a dividend yield of 3.29%. Dana’s payout ratio is 153.85%.

About Dana

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.