The Vanguard Group, Inc. has recently announced that it has increased stake in Dana Incorporated (NYSE:DAN) by 1.34%. After grabbing 13.11 million shares, the institutional investor is now in possession of 0.17 million shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 9.15% having worth around $207.74 million. Moreover, Dimensional Fund Advisors LP increased its share by 0.33 million to have a control over 8.43 million shares. And Invesco Advisers, Inc. raised its holdings to 15300.0 shares by acquiring 5.45 million shares or 3.80% of the stake.
Dana Incorporated (DAN) concluded trading on 03/15/23 at a closing price of $13.72, with 1.98 million shares of worth about $27.13 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -8.66% during that period and on Wednesday the price saw a loss of about -3.72%. Currently the company’s common shares owned by public are about 143.20M shares, out of which, 142.60M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 39 times over the past 12 months. They bought 77,671 shares in 28 of the transactions. In 11 selling transactions, insiders dumped 444,452 shares.
iShares Core S&P Mid Cap ETF, Vanguard Total Stock Market Index, and Vanguard Small Cap Index Fund are the top 3 mutual funds which are holding stakes in Dana Incorporated iShares Core S&P Mid Cap ETF is currently holding 3.98 million shares of worth totaling $63.1 million. The company recently came buying 9024.0 shares which brought its stake up to 2.78% of the company’s outstanding shares. Vanguard Total Stock Market Index bought 7485.0 shares, after which its hold over company’s outstanding shares expand to 2.74%, leaving 3.93 million shares with the mutual fund that have a worth of about $62.2 million. Vanguard Small Cap Index Fund, after buying 3.34 million shares, have now control over 2.33% of the stake in the company. It holds 18224.0 shares of worth $52.95 million.
Dana Incorporated (NYSE: DAN) started trading at $13.55, below -$0.7 from concluding price of the previous day. However, the stock later moved at a day high price of 13.76, or with a loss of -3.72%. Stock saw a price change of -13.76% in past 5 days and over the past one month there was a price change of -25.64%. Year-to-date (YTD), DAN shares are showing a performance of -9.32% which decreased to -17.94% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $11.17 but also hit the highest price of $19.30 during that period. The average intraday trading volume for Dana Incorporated shares is 970.47K. The stock is currently trading -15.13% below its 20-day simple moving average (SMA20), while that difference is down -19.00% for SMA50 and it goes to -13.01% lower than SMA200.
The Vanguard Group, Inc. acquired 13.11 million shares of Dana Incorporated having value of about $207.74 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 0.17 million shares in the company valued at close to $2375288.72, or have control over 1.34% stake in the company. Dana Incorporated (NYSE: DAN) currently have 143.20M outstanding shares and institutions hold larger chunk of about 98.70% of that. Holding of mutual funds in the company is about 5.12% while other institutional holders and individual stake holders have control over 50.36% and 47.44% of the stake respectively.
The stock has a current market capitalization of $2.05B and its 3Y-monthly beta is at 2.40. It has posted earnings per share of -$1.69 in the same period. It has Quick Ratio of 0.90 while making debt-to-equity ratio of 1.55. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for DAN, volatility over the week remained 4.62% while standing at 3.62% over the month.
Analysts are in expectations that Dana Incorporated (DAN) stock would likely to be making an EPS of $0.24 in the current quarter, while forecast for next quarter EPS is $0.38 and it is $1.73 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.21 which is $0.27 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -225.10% while it is estimated to increase by 105.68% in next year. EPS is likely to grow at an annualized rate of 70.46% for next 5-years, compared to annual growth of -23.30% made by the stock over the past 5-years.
Analysts at 9 brokerage firms have issued recommendations for the Dana Incorporated (DAN)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.80. Out of those 9 Wall Street analysts, 2 recommended a “Buy” rating, while 6 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Barclays on February 15, 2023 offering an Equal weight rating for the stock and assigned a target price of $20 to it. Coverage by RBC Capital Mkts stated Dana Incorporated (DAN) stock as a Sector perform in their note to investors on October 28, 2022, suggesting a price target of $16 for the stock. On August 04, 2022, Deutsche Bank Downgrade their recommendations, while on April 12, 2022, Wells Fargo Downgrade their ratings for the stock with a price target of $17. Stock get a Neutral rating from Exane BNP Paribas on April 11, 2022.
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