Legal & General Group Plc Takes $7.06 Million Position in Dana Incorporated $DAN

Legal & General Group Plc purchased a new position in Dana Incorporated (NYSE:DAN) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 259,622 shares of the auto parts company’s stock, valued at approximately $7,064,000. Legal & General Group Plc owned 0.24% of Dana as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC boosted its holdings in shares of Dana by 39.2% in the 4th 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 in the last quarter. Plato Investment Management Ltd purchased a new stake in Dana in the second quarter valued at about $45,000. Pinnacle Holdings LLC purchased a new stake in Dana in the second quarter valued at about $49,000. Northwestern Mutual Wealth Management Co. acquired a new stake in Dana in the second quarter worth about $49,000. Finally, Parallel Advisors LLC grew its stake in shares of Dana by 105.2% during the first 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 during the last quarter. Institutional investors own 96.79% of the company’s stock.

Dana Price Performance

Shares of NYSE:DAN opened at $30.71 on Thursday. Dana Incorporated has a twelve month low of $17.74 and a twelve month high of $39.56. 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 company has a market cap of $3.30 billion, a PE ratio of 3.06 and a beta of 2.01. The company’s 50 day moving average is $28.21 and its 200 day moving average is $31.98.

Dana (NYSE:DAN) last released its quarterly earnings data on Thursday, August 6th. The auto parts company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.51). Dana had a net margin of 14.55% and a return on equity of 4.07%. The business had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.93 billion. During the same period last year, the company earned $0.13 earnings per share. The firm’s revenue was up 3.9% on a year-over-year basis. Dana has set its FY 2026 guidance at 1.750-2.250 EPS. On average, sell-side analysts forecast that Dana Incorporated will post 1.93 EPS for the current year.

Dana Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 7th were paid a $0.12 dividend. The ex-dividend date was Friday, August 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.6%. Dana’s dividend payout ratio is presently 4.78%.

Analyst Ratings Changes

Several brokerages recently commented on DAN. UBS Group decreased their price objective on shares of Dana from $39.00 to $38.00 and set a “buy” rating for the company in a research report on Friday, August 7th. Weiss Ratings lowered shares of Dana from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. 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 report on Friday, August 7th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Dana from $40.00 to $39.00 and set a “buy” rating for the company in a research note on Tuesday, July 7th. Finally, Zacks Research downgraded Dana from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 16th. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Dana currently has a consensus rating of “Hold” and a consensus price target of $37.00.

Dana Profile

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.