JB Capital Partners LP Grows Stock Position in Dana Incorporated (NYSE:DAN)

JB Capital Partners LP grew its position in shares of Dana Incorporated (NYSE:DAN) by 9.9% in the third quarter, according to its most recent filing with the SEC. 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 approximately 2.8% of JB Capital Partners LP’s holdings, making the stock its 9th largest holding. JB Capital Partners LP’s holdings in Dana were worth $14,880,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of DAN. Segall Bryant & Hamill LLC bought a new position in Dana during the third quarter valued at $2,687,000. Rhumbline Advisers lifted its holdings in shares of Dana by 1.3% in the 2nd 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. SG Americas Securities LLC bought a new position in shares of Dana in the 2nd quarter valued at about $388,000. Finally, Entropy Technologies LP purchased a new position in Dana in the third quarter worth about $250,000. 96.79% of the stock is owned by hedge funds and other institutional investors.

Dana Price Performance

Dana stock opened at $10.12 on Friday. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.49 and a quick ratio of 0.86. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of -92.00, a price-to-earnings-growth ratio of 0.86 and a beta of 2.30. The firm has a 50-day moving average of $9.68 and a two-hundred day moving average of $11.16. Dana Incorporated has a 1 year low of $7.58 and a 1 year high of $15.07.

Dana (NYSE:DAN) last announced its quarterly earnings results on Wednesday, October 30th. The auto parts company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.13). The firm had revenue of $2.48 billion during the quarter, compared to analysts’ expectations of $2.57 billion. Dana had a negative net margin of 0.15% and a positive return on equity of 3.48%. The firm’s revenue for the quarter was down 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.30 EPS. On average, research analysts forecast that Dana Incorporated will post 0.85 earnings per share for the current year.

Dana Announces Dividend

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

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on DAN shares. StockNews.com lowered Dana from a “buy” rating to a “hold” rating in a research note on Wednesday, October 9th. Wolfe Research assumed coverage on Dana in a research report on Thursday, September 5th. They issued a “peer perform” rating for the company. JPMorgan Chase & Co. cut their price objective on shares of Dana from $16.00 to $14.00 and set an “overweight” rating on the stock in a research report on Monday, November 11th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $12.00 target price on shares of Dana in a report on Tuesday, September 10th. Finally, Barclays cut their price target on shares of Dana from $14.00 to $12.00 and set an “equal weight” rating on the stock in a report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Dana presently has an average rating of “Hold” and an average target price of $12.50.

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.