Jupiter Topco LLC Buys New Position in Dana Incorporated $DAN

Jupiter Topco LLC bought a new stake in Dana Incorporated (NYSE:DAN) during the second quarter, HoldingsChannel.com reports. The fund bought 49,110 shares of the auto parts company’s stock, valued at approximately $1,336,000.

Several other hedge funds also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of Dana during the second quarter worth about $496,741,000. JB Capital Partners LP purchased a new position in shares of Dana during the second quarter valued at approximately $50,400,893. Bank of New York Mellon Corp acquired a new stake in Dana during the second quarter worth approximately $25,571,000. SG Americas Securities LLC grew its stake in Dana by 1,341.4% in the 1st quarter. SG Americas Securities LLC now owns 690,454 shares of the auto parts company’s stock worth $23,234,000 after acquiring an additional 642,552 shares during the period. Finally, Loomis Sayles & Co. L P grew its stake in Dana by 61.2% in the 4th quarter. Loomis Sayles & Co. L P now owns 1,591,768 shares of the auto parts company’s stock worth $37,820,000 after acquiring an additional 604,246 shares during the period. 96.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have weighed in on DAN. Deutsche Bank Aktiengesellschaft reduced their price target on Dana from $40.00 to $39.00 and set a “buy” rating on the stock in a research note on Tuesday, July 7th. Weiss Ratings lowered Dana from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Wells Fargo & Company dropped their target price on Dana from $33.00 to $28.00 and set an “equal weight” rating for the company in a research note on Friday, August 7th. Zacks Research downgraded Dana from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 16th. Finally, Royal Bank Of Canada raised their price target on Dana from $33.00 to $37.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $37.00.

Dana Trading Up 1.6%

DAN stock opened at $32.04 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.49 and a debt-to-equity ratio of 0.66. The company has a market cap of $3.45 billion, a price-to-earnings ratio of 3.19 and a beta of 2.01. The business has a fifty day simple moving average of $28.35 and a 200-day simple moving average of $31.97. Dana Incorporated has a 52 week low of $17.74 and a 52 week high of $39.56.

Dana (NYSE:DAN) last announced its earnings results 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). The company had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.93 billion. Dana had a net margin of 14.55% and a return on equity of 4.07%. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.13 earnings per share. Dana has set its FY 2026 guidance at 1.750-2.250 EPS. On average, equities research analysts expect that Dana Incorporated will post 1.93 EPS for the current year.

Dana Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 7th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Friday, August 7th. Dana’s payout ratio is presently 4.78%.

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.