Axa Has $11.44 Million Position in Dana Inc (NYSE:DAN)

AXA boosted its position in Dana Inc (NYSE:DAN) by 1.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 409,100 shares of the auto parts company’s stock after purchasing an additional 6,800 shares during the quarter. AXA owned about 0.28% of Dana worth $11,439,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Royal Bank of Canada raised its position in shares of Dana by 47.3% in the 2nd quarter. Royal Bank of Canada now owns 208,043 shares of the auto parts company’s stock valued at $4,646,000 after purchasing an additional 66,827 shares in the last quarter. Mackenzie Financial Corp raised its position in shares of Dana by 458.2% in the 3rd quarter. Mackenzie Financial Corp now owns 350,010 shares of the auto parts company’s stock valued at $9,786,000 after purchasing an additional 287,310 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Dana by 3.3% in the 2nd quarter. Vanguard Group Inc. now owns 12,122,567 shares of the auto parts company’s stock valued at $270,696,000 after purchasing an additional 391,487 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Dana by 8.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,506,002 shares of the auto parts company’s stock valued at $42,198,000 after acquiring an additional 117,044 shares in the last quarter. Finally, Blue Rock Advisors LLC acquired a new stake in shares of Dana during the 3rd quarter valued at approximately $983,000. Institutional investors own 96.46% of the company’s stock.

Shares of Dana Inc (DAN) traded up $0.62 during trading on Friday, reaching $34.88. The company had a trading volume of 649,217 shares, compared to its average volume of 1,520,667. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.17 and a current ratio of 1.72. Dana Inc has a 1 year low of $17.53 and a 1 year high of $35.00. The stock has a market cap of $4,960.00, a P/E ratio of 7.31 and a beta of 1.67.

Dana (NYSE:DAN) last issued its earnings results on Thursday, October 26th. The auto parts company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.03. The company had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.71 billion. Dana had a return on equity of 29.34% and a net margin of 10.27%. The business’s revenue was up 32.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.49 EPS. research analysts forecast that Dana Inc will post 2.45 earnings per share for the current year.

In other Dana news, Director Virginia A. Kamsky sold 7,323 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $32.14, for a total value of $235,361.22. Following the completion of the sale, the director now owns 35,448 shares in the company, valued at approximately $1,139,298.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO James Kevin Kamsickas sold 57,003 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $31.01, for a total value of $1,767,663.03. Following the completion of the sale, the chief executive officer now owns 96,312 shares of the company’s stock, valued at approximately $2,986,635.12. The disclosure for this sale can be found here. In the last three months, insiders have sold 124,085 shares of company stock worth $3,776,775. 1.60% of the stock is currently owned by insiders.

Several equities research analysts recently issued reports on DAN shares. Deutsche Bank upped their price target on Dana from $24.00 to $30.00 and gave the company a “hold” rating in a research report on Friday, November 17th. Zacks Investment Research downgraded Dana from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Royal Bank of Canada reissued a “buy” rating on shares of Dana in a research note on Friday, October 27th. Barclays increased their price target on Dana from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Friday, October 27th. Finally, ValuEngine cut Dana from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $29.50.

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Dana Company Profile

Dana Incorporated, formerly Dana Holding Corporation, is a global provider of technology driveline, sealing and thermal-management products. The Company operates in four segments: Light Vehicle Driveline Technologies (Light Vehicle), Commercial Vehicle Driveline Technologies (Commercial Vehicle), Off-Highway Driveline Technologies (Off-Highway) and Power Technologies.

Institutional Ownership by Quarter for Dana (NYSE:DAN)

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