Dana Incorporated (NYSE:DAN) is JB Capital Partners LP’s 9th Largest Position

JB Capital Partners LP grew its stake in shares of Dana Incorporated (NYSE:DAN) by 9.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,425,293 shares of the auto parts company’s stock after acquiring an additional 128,000 shares during the quarter. Dana comprises about 2.8% of JB Capital Partners LP’s investment portfolio, making the stock its 9th biggest holding. JB Capital Partners LP owned 0.98% of Dana worth $14,880,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Rhumbline Advisers increased its position in Dana by 1.3% during the second quarter. Rhumbline Advisers now owns 426,586 shares of the auto parts company’s stock valued at $5,170,000 after acquiring an additional 5,468 shares during the last quarter. Entropy Technologies LP bought a new stake in shares of Dana during the 3rd quarter valued at about $250,000. SG Americas Securities LLC increased its position in shares of Dana by 81.8% during the 3rd quarter. SG Americas Securities LLC now owns 58,274 shares of the auto parts company’s stock valued at $615,000 after purchasing an additional 26,225 shares during the last quarter. Finally, Segall Bryant & Hamill LLC bought a new position in shares of Dana in the 3rd quarter worth approximately $2,687,000. 96.79% of the stock is currently owned by institutional investors.

Dana Price Performance

NYSE:DAN opened at $10.12 on Friday. The business’s 50-day simple moving average is $9.68 and its two-hundred day simple moving average is $11.16. Dana Incorporated has a 52 week low of $7.58 and a 52 week high of $15.07. The stock has a market cap of $1.47 billion, a PE ratio of -92.00, a P/E/G ratio of 0.86 and a beta of 2.30. The company has a quick ratio of 0.86, a current ratio of 1.49 and a debt-to-equity ratio of 1.58.

Dana (NYSE:DAN) last issued its earnings results on Wednesday, October 30th. The auto parts company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.13). Dana had a negative net margin of 0.15% and a positive return on equity of 3.48%. The business had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.57 billion. During the same period last year, the business posted $0.30 EPS. The firm’s revenue for the quarter was down 7.2% compared to the same quarter last year. As a group, analysts forecast that Dana Incorporated will post 0.85 EPS for the current fiscal year.

Dana Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 8th will be paid a dividend of $0.10 per share. The ex-dividend date is Friday, November 8th. This represents a $0.40 annualized dividend and a yield of 3.95%. Dana’s payout ratio is -363.64%.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $12.00 target price on shares of Dana in a research report on Tuesday, September 10th. JPMorgan Chase & Co. reduced their price objective on Dana from $16.00 to $14.00 and set an “overweight” rating for the company in a research note on Monday, November 11th. Wells Fargo & Company lowered their target price on Dana from $9.00 to $7.00 and set an “underweight” rating on the stock in a research report on Thursday, October 31st. Barclays reduced their price target on Dana from $14.00 to $12.00 and set an “equal weight” rating for the company in a research report on Thursday, October 31st. Finally, StockNews.com cut Dana from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $12.50.

Dana Profile

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.