Loomis Sayles & Co. L P Invests $9.50 Million in Dana Incorporated (NYSE:DAN)

Loomis Sayles & Co. L P purchased a new stake in Dana Incorporated (NYSE:DAN) in the fourth quarter, HoldingsChannel reports. The fund purchased 821,675 shares of the auto parts company’s stock, valued at approximately $9,498,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Great Lakes Advisors LLC raised its position in Dana by 103.6% during the fourth quarter. Great Lakes Advisors LLC now owns 280,798 shares of the auto parts company’s stock valued at $3,246,000 after purchasing an additional 142,850 shares during the period. Yousif Capital Management LLC increased its position in shares of Dana by 2.0% during the 4th quarter. Yousif Capital Management LLC now owns 56,818 shares of the auto parts company’s stock valued at $657,000 after purchasing an additional 1,130 shares during the last quarter. GAMMA Investing LLC raised its holdings in Dana by 118.3% during the 4th quarter. GAMMA Investing LLC now owns 2,702 shares of the auto parts company’s stock valued at $31,000 after buying an additional 1,464 shares during the period. Versant Capital Management Inc lifted its position in Dana by 484.6% in the fourth quarter. Versant Capital Management Inc now owns 2,695 shares of the auto parts company’s stock worth $31,000 after buying an additional 2,234 shares during the last quarter. Finally, Cibc World Markets Corp boosted its stake in Dana by 1.8% during the fourth quarter. Cibc World Markets Corp now owns 687,220 shares of the auto parts company’s stock worth $7,944,000 after buying an additional 12,220 shares during the period. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Dana Stock Performance

Dana stock opened at $13.18 on Friday. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.86 and a current ratio of 1.45. The company has a market capitalization of $1.92 billion, a PE ratio of -33.78, a P/E/G ratio of 0.72 and a beta of 2.42. The company has a 50 day moving average price of $15.00 and a 200-day moving average price of $12.11. Dana Incorporated has a fifty-two week low of $7.58 and a fifty-two week high of $16.90.

Dana (NYSE:DAN) last issued its earnings results on Thursday, February 20th. The auto parts company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.15. Dana had a positive return on equity of 6.70% and a negative net margin of 0.55%. The business had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.33 billion. As a group, equities analysts forecast that Dana Incorporated will post 1.5 earnings per share for the current year.

Dana Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, February 28th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date of this dividend was Friday, February 28th. Dana’s dividend payout ratio (DPR) is presently -102.56%.

Analysts Set New Price Targets

DAN has been the topic of several recent analyst reports. Royal Bank of Canada increased their target price on shares of Dana from $13.00 to $16.00 and gave the company a “sector perform” rating in a research note on Friday, February 21st. Deutsche Bank Aktiengesellschaft raised shares of Dana from a “hold” rating to a “buy” rating and increased their price objective for the stock from $9.00 to $19.00 in a research report on Monday, December 9th. BNP Paribas upgraded Dana from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $9.00 to $16.00 in a research report on Tuesday, December 3rd. Barclays increased their price target on Dana from $18.00 to $23.00 and gave the stock an “overweight” rating in a report on Tuesday, January 28th. Finally, Wells Fargo & Company raised Dana from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $10.00 to $16.00 in a research note on Monday, January 27th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Dana has an average rating of “Moderate Buy” and an average price target of $18.50.

Dana Company 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.