Cibc World Markets Corp Boosts Holdings in Dana Incorporated (NYSE:DAN)

Cibc World Markets Corp increased its position in Dana Incorporated (NYSE:DAN) by 1.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 687,220 shares of the auto parts company’s stock after buying an additional 12,220 shares during the quarter. Cibc World Markets Corp’s holdings in Dana were worth $7,944,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings in Dana by 118.3% in the 4th quarter. GAMMA Investing LLC now owns 2,702 shares of the auto parts company’s stock worth $31,000 after buying an additional 1,464 shares in the last quarter. Versant Capital Management Inc lifted its stake in shares of 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. Martingale Asset Management L P purchased a new position in Dana in the third quarter valued at about $346,000. Yousif Capital Management LLC grew its stake in Dana by 2.0% during the 4th quarter. Yousif Capital Management LLC now owns 56,818 shares of the auto parts company’s stock valued at $657,000 after purchasing an additional 1,130 shares in the last quarter. Finally, Segall Bryant & Hamill LLC purchased a new stake in Dana during the 3rd quarter worth approximately $2,687,000. 96.79% of the stock is owned by institutional investors and hedge funds.

Dana Stock Down 2.1 %

NYSE:DAN opened at $14.17 on Wednesday. The firm has a market capitalization of $2.05 billion, a PE ratio of -36.32, a price-to-earnings-growth ratio of 0.72 and a beta of 2.42. Dana Incorporated has a 52 week low of $7.58 and a 52 week high of $16.90. The company has a current ratio of 1.45, a quick ratio of 0.86 and a debt-to-equity ratio of 1.71. The stock has a 50 day moving average of $14.63 and a 200-day moving average of $11.91.

Dana (NYSE:DAN) last issued its earnings results on Thursday, February 20th. The auto parts company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.15. The firm had revenue of $2.34 billion for 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%. Analysts predict that Dana Incorporated will post 1.5 EPS for the current year.

Dana Announces Dividend

The company also recently disclosed 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 2.82%. Dana’s dividend payout ratio (DPR) is presently -102.56%.

Analyst Ratings Changes

Several research firms have recently commented on DAN. Wells Fargo & Company upgraded Dana from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $10.00 to $16.00 in a research note on Monday, January 27th. BNP Paribas raised shares of Dana from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $9.00 to $16.00 in a report on Tuesday, December 3rd. UBS Group upped their target price on shares of Dana from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Monday, January 27th. 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 note on Monday, January 27th. Finally, Barclays upped their price objective on Dana from $18.00 to $23.00 and gave the company an “overweight” rating in a research note on Tuesday, January 28th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Dana currently has a consensus rating of “Moderate Buy” and a consensus 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.