Cibc World Market Inc. Takes $2.64 Million Position in Dana Incorporated $DAN

Cibc World Market Inc. purchased a new position in shares of Dana Incorporated (NYSE:DAN) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 97,005 shares of the auto parts company’s stock, valued at approximately $2,640,000. Cibc World Market Inc. owned 0.09% of Dana at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of DAN. Bessemer Group Inc. increased its position in shares of Dana by 44.3% during the first quarter. Bessemer Group Inc. now owns 208,088 shares of the auto parts company’s stock valued at $7,002,000 after acquiring an additional 63,879 shares during the last quarter. BlackRock Inc. acquired a new position in shares of Dana in the 2nd quarter worth approximately $496,741,000. JB Capital Partners LP purchased a new position in shares of Dana during the 2nd quarter worth approximately $50,400,893,000. Robotti Robert purchased a new position in shares of Dana during the 2nd quarter worth approximately $4,113,000. Finally, NFJ Investment Group LLC acquired a new stake in Dana in the 2nd quarter valued at approximately $3,147,000. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

Dana Price Performance

Shares of NYSE DAN opened at $30.04 on Thursday. The company has a current ratio of 1.49, a quick ratio of 1.03 and a debt-to-equity ratio of 0.66. Dana Incorporated has a twelve month low of $17.74 and a twelve month high of $39.56. The stock has a 50 day moving average of $28.11 and a two-hundred day moving average of $32.06. The stock has a market cap of $3.23 billion, a P/E ratio of 2.99 and a beta of 1.99.

Dana (NYSE:DAN) last announced its earnings results 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 business had revenue of $2.01 billion during 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%. Dana’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.13 earnings per share. Dana has set its FY 2026 guidance at 1.750-2.250 EPS. On average, research analysts forecast that Dana Incorporated will post 1.93 earnings per share for the current year.

Dana Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 7th will be paid a $0.12 dividend. The ex-dividend date is Friday, August 7th. This represents a $0.48 annualized dividend and a dividend yield of 1.6%. Dana’s dividend payout ratio (DPR) is 4.78%.

Analyst Ratings Changes

Several research firms have recently commented on DAN. UBS Group lowered their price target on Dana from $39.00 to $38.00 and set a “buy” rating for the company in a research report on Friday, August 7th. Wells Fargo & Company decreased their target price on Dana from $33.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Friday, August 7th. Barclays raised their target price on Dana from $33.00 to $35.00 and gave the company an “equal weight” rating in a report on Friday, August 14th. Weiss Ratings lowered shares of Dana from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Finally, Zacks Research lowered 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 assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Dana presently has a consensus 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.