Dana Incorporated (NYSE:DAN) continues to raise the eyebrows of investors, analysts and financial pundits alike. Its impressive performance in Q1 2021 has rallied its shares thus drawing the attention of SG Americas Securities LLC, one of the financial advisory entities providing critical curation of high-yielding investment portfolios for clients from all regions.
SG Americas Securities was recently reported to have purchased a significant stake in Dana Incorporated valued at $461,000, according to its most recent 13F filing with the SEC. The company acquired 30,492 shares in this thriving auto parts manufacturer. This acquisition comes on the heels of a lustrous performance in Q1 2021 where Dana posted encouraging earnings results that were higher than projected figures released by industry experts.
Dana thrives on being at the forefront of technological implemention, manufacturing and distribution as far as drive and motion products across multiple industries are concerned. It has continued to focus on strategically expanding into an array of fields including sealing solutions and thermal-management technologies while maintaining its stronghold within fluid-power products.
Also, worth noting is Dana’s active involvement in producing drivetrain systems for light vehicles which include passenger cars, SUVs crossovers and a variety of light trucks which augurs well for the company’s future potential as global economies continue their gradual reopening amidst recovering economic activities.
The remarkable numbers that Dana Incorporated continue to churn out year after year point to strong leadership that pays close attention to innovation; with an intersectional approach aimed at surmounting market-driven issues head-on while proffering logical solutions fused with creativity for their customers.
While many firms struggle amidst challenging times experienced by almost every player within sectors they operate in; especially when it comes to liquid capital acquisition and inventory management strategies among other uncertainties presented by COVID-19-related disruptions? Dana Incorporated has maintained course and yielded impressive results quarter after quarter leading experts like SG Americas Securities LLC taking major positions in acquiring stocks in the company.
Analysts expect that Dana will post $0.73 earnings per share for the current fiscal year as they continue to improve and advance their products across multiple industries and business sectors while making impressive gains in Light vehicle and Power technologies operating segments especially despite recent challenges experienced across many sectors of the global economy. Clearly, Dana has leveraged strategically to come out on top during turbulent times thanks to its excellent leadership approach that combines innovation with sound strategy planning which makes them stand tall amidst competition.
Institutional Investors Boost Stakes in Dana Inc. Amid Intense Market Activity
Dana Incorporated, a global technology company with a market cap of $1.93 billion, has recently witnessed intense investor activity. Whittier Trust Co., Captrust Financial Advisors, Teachers Retirement System of The State of Kentucky and Yousif Capital Management LLC are among the institutional investors who have added to or reduced their stakes in the company.
Bessemer Group Inc. made the most significant increase by boosting its stake in Dana by 478% during Q3. It now owns 2,578 shares worth $29,000 after purchasing an additional 2,132 shares during the last quarter. On the other hand, Yousif Capital Management raised its stake by 2.9% during Q1 by acquiring an additional 2,303 shares worth $1.45 million.
It is interesting to note that institutional investors and hedge funds own 94.13% of the company’s stock while individual investors account for only a small percentage.
Dana’s dividend payout ratio (DPR) is -24.84%. It recently declared a quarterly dividend which will be paid on Friday, June 2nd. Investors of record on Friday, May 12th will receive a $0.10 dividend representing an annualized yield of 2.99%.
The business operates through multiple segments namely Light Vehicle, Commercial Vehicle, Off-Highway and Power Technologies offering drivetrain systems and components for various light vehicles including SUVs and passenger cars as well as manufacturing sealing solutions, thermal-management technologies and fluid-power products.
In recent years Dana has been analyzed by several research analysts from financial companies such as Barclays and Deutsche Bank Aktiengesellschaft who recently set targets lower than expected on the stock based on their analytics data suggesting that Dana could benefit from reviewing their strategy to remain competitive against rivals within this sector.
Overall Dana looks an exciting prospect for investors interested in auto parts manufacturing due to its diversified portfolio of products within this industry alongside its recent dividend payout. Its share price opens at $13.37 and has a 50-day simple moving average of $14.62 and a 200-day simple moving average of $15.96. It had a one year low of $11.17 and a one year high of $19.30. With consistent supporting revenue inflow, maintained pricing for products and improvement in meeting company projections this energy stock is set to capture investor interest on the market trend over the coming months.
