Hennessy Advisors Inc. Invests $6.88 Million in Dana Incorporated $DAN

Hennessy Advisors Inc. bought a new stake in Dana Incorporated (NYSE:DAN) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 252,700 shares of the auto parts company’s stock, valued at approximately $6,876,000. Hennessy Advisors Inc. owned approximately 0.23% of Dana as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of DAN. EverSource Wealth Advisors LLC increased its holdings in Dana by 39.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,580 shares of the auto parts company’s stock valued at $38,000 after buying an additional 445 shares during the last quarter. Plato Investment Management Ltd bought a new position in Dana during the 2nd quarter worth approximately $45,000. Pinnacle Holdings LLC acquired a new position in shares of Dana in the 2nd quarter worth approximately $49,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Dana in the 2nd quarter worth approximately $49,000. Finally, Parallel Advisors LLC grew its position in shares of Dana by 105.2% in the 1st quarter. Parallel Advisors LLC now owns 1,925 shares of the auto parts company’s stock worth $65,000 after acquiring an additional 987 shares in the last quarter. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Dana Trading Up 0.9%

Shares of NYSE DAN opened at $30.33 on Friday. Dana Incorporated has a 12-month low of $17.74 and a 12-month high of $39.56. The company has a market cap of $3.26 billion, a price-to-earnings ratio of 3.02 and a beta of 1.99. The company has a current ratio of 1.49, a quick ratio of 1.03 and a debt-to-equity ratio of 0.66. The stock’s 50 day simple moving average is $28.15 and its 200 day simple moving average is $32.04.

Dana (NYSE:DAN) last issued its quarterly earnings data on Thursday, August 6th. The auto parts company reported $0.19 EPS 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 return on equity of 4.07% and a net margin of 14.55%.Dana’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.13 earnings per share. Dana has set its FY 2026 guidance at 1.750-2.250 EPS. Equities research analysts expect that Dana Incorporated will post 1.93 EPS for the current 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 issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, August 7th. Dana’s dividend payout ratio (DPR) is 4.78%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft dropped their price target on Dana from $40.00 to $39.00 and set a “buy” rating on the stock in a research report on Tuesday, July 7th. Weiss Ratings downgraded shares of Dana from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Zacks Research lowered shares of Dana from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 16th. UBS Group dropped their target price on shares of Dana from $39.00 to $38.00 and set a “buy” rating on the stock in a report on Friday, August 7th. Finally, Royal Bank Of Canada raised their price target on shares of Dana from $33.00 to $37.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Dana currently has an average rating of “Hold” and an average target price 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.