MetLife Investment Management LLC Has $914,000 Position in Dana Incorporated (NYSE:DAN)

MetLife Investment Management LLC lifted its stake in shares of Dana Incorporated (NYSE:DAN) by 6.1% during the 4th quarter, HoldingsChannel reports. The firm owned 79,026 shares of the auto parts company’s stock after acquiring an additional 4,531 shares during the period. MetLife Investment Management LLC’s holdings in Dana were worth $914,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. JB Capital Partners LP increased its holdings in shares of Dana by 28.6% during the fourth quarter. JB Capital Partners LP now owns 1,832,293 shares of the auto parts company’s stock worth $21,181,000 after buying an additional 407,000 shares in the last quarter. Great Lakes Advisors LLC grew its position in Dana by 103.6% during the 4th quarter. Great Lakes Advisors LLC now owns 280,798 shares of the auto parts company’s stock worth $3,246,000 after acquiring an additional 142,850 shares during the last quarter. Yousif Capital Management LLC grew its position 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 worth $657,000 after acquiring an additional 1,130 shares during the last quarter. GAMMA Investing LLC increased 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 purchasing an additional 1,464 shares in the last quarter. Finally, Loomis Sayles & Co. L P bought a new position in Dana in the fourth quarter valued at about $9,498,000. 96.79% of the stock is owned by institutional investors.

Dana Stock Performance

Shares of Dana stock opened at $14.60 on Friday. The business has a 50-day moving average price of $13.10 and a two-hundred day moving average price of $12.40. Dana Incorporated has a 1-year low of $7.58 and a 1-year 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 company has a market cap of $2.13 billion, a P/E ratio of -37.43, a PEG ratio of 0.72 and a beta of 2.26.

Dana (NYSE:DAN) last issued its earnings results on Wednesday, April 30th. The auto parts company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.04). Dana had a positive return on equity of 6.70% and a negative net margin of 0.55%. The business had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter in the previous year, the firm posted $0.02 earnings per share. The company’s revenue for the quarter was down 14.0% compared to the same quarter last year. As a group, analysts anticipate that Dana Incorporated will post 1.5 EPS for the current year.

Dana Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Saturday, May 31st. Investors of record on Saturday, May 10th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.74%. Dana’s dividend payout ratio is presently -102.56%.

Analyst Upgrades and Downgrades

DAN has been the topic of several research reports. StockNews.com cut Dana from a “buy” rating to a “hold” rating in a report on Tuesday, April 8th. JPMorgan Chase & Co. raised their price target on shares of Dana from $14.00 to $20.00 and gave the company an “overweight” rating in a research note on Monday, January 27th. Barclays lifted their price target on shares of Dana from $17.00 to $20.00 and gave the stock an “overweight” rating in a report on Friday. Royal Bank of Canada raised their target price on Dana from $13.00 to $16.00 and gave the stock a “sector perform” rating in a research report on Friday, February 21st. Finally, UBS Group upped their price target on Dana from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $18.14.

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.