Dana Incorporated (DAN) is a global leader in the supply of highly engineered drivetrain, sealing, and thermal-management technologies. The Fortune 500 Company, with headquarters in Maumee, Ohio, delivers a broad range of products and services that improve the efficiency and performance of passenger, commercial, and off-highway vehicles. Founded by Clarence Spicer in 1904, the company began with a groundbreaking universal joint that eliminated the need for an inefficient chain drive in automobiles. This innovation set Dana's trajectory to become a trendsetter in groundbreaking vehicular technologies.
Today, with 150 major facilities in 33 countries spread around North and South America, Europe, Asia, and Africa, Dana Inc is a truly global force in vehicle equipment manufacturing. The company's diverse workforce of approximately 36,000 employees drives its constant pursuit of innovation and excellence. Dana Inc's extensive product line includes axles, drive shafts, transmissions, sealing products, thermal-management technologies, and digital and electric vehicle solutions.
In terms of financial performance, Dana Inc (NYSE: DAN) recorded sales of $8.1 billion in 2020. Dana Incorporated prides itself on being dedicated to client success, with many tailored solutions to meet the specific needs of original equipment manufacturers. Its customer base includes virtually every major vehicle and engine manufacturer in the global automotive, commercial vehicle, and off-highway markets.
Notably, Dana Inc is also committed to fostering sustainability and corporate responsibility. Dana's environmental consciousness is reflected in its production operations, where it implements energy-efficient practices and recycles or reuses waste materials. The company’s sustainability goals are also evident in its product line, with the development and production of components for hybrid and electric vehicles. This commitment to environmental responsibility extends beyond its operations and into its communities, where the company supports local environmental efforts and educational initiatives.
In recognition of its achievements, Dana Inc has received numerous accolity in the industry. In 2019, for instance, it was named to Forbes' List of America's Best Employers, and it has consistently received excellent scores in the CDP's annual Climate Change Program. This ongoing recognition underscores the company’s commitment to delivering top-tier products while maintaining responsible and sustainable practices. All in all, Dana Incorporated is not just a provider of state-of-the-art products for various vehicle types, but also a forward-looking organization striving for sustainability and a better future.
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Bank of America Corp DE has acquired 634,929 shares of Dana Incorporated (NYSE:DAN), valued at approximately $17.3 million, giving it a 0.59% stake. Institutional investors collectively own 96.79% of the company. Despite missing quarterly EPS estimates, Dana exceeded revenue expectations, and analysts maintain a "Moderate Buy" rating with a consensus price target of $37.00.
Nykredit A/S has acquired a significant stake in Dana Incorporated (NYSE:DAN), purchasing over 2.24 million shares valued at approximately $61.1 million, representing 2.09% of the company. Despite Dana's recent revenue beat, its earnings per share fell short of analyst estimates. The stock currently holds a "Moderate Buy" consensus rating with an average price target of $37.00, and the company pays a quarterly dividend.
Dana Inc. has significantly expanded its North American commercial vehicle aftermarket business through a new distribution agreement with VIPAR Heavy Duty, a leading buying group. This partnership aims to strengthen product availability, technical support, and service for distributors, fleets, and repair facilities across North America, focusing on brands like Spicer and Victor Reinz. The collaboration represents a major expansion for Dana, emphasizing their commitment to providing industry-leading replacement parts and support to the heavy-duty aftermarket.
Engineers Gate Manager LP significantly increased its stake in Dana Incorporated (NYSE:DAN) during the second quarter, buying 56,766 shares to bring its total holding to 152,871 shares valued at approximately $4.16 million. Despite recent target price reductions from analysts, Dana maintains a "Moderate Buy" consensus rating with an average target price of $37.00. The company reported a Q2 earnings miss at $0.19 per share against an expected $0.70, but revenue increased by 3.9% year-over-year to $2.01 billion, and it continues to pay a quarterly dividend of $0.12 per share.
The Public Employees Retirement System of Ohio has invested approximately $2.33 million in Dana Incorporated by acquiring 85,815 shares during the second quarter. This move comes as institutional investors now collectively own 96.79% of Dana. Despite a 3.9% year-over-year revenue increase to $2.01 billion, Dana's recent earnings of $0.19 per share significantly missed analyst estimates of $0.70.
Jupiter Topco LLC has acquired 49,110 shares of Dana Incorporated (NYSE:DAN), valued at approximately $1.34 million. This investment highlights continued institutional interest in Dana, with hedge funds and institutional investors collectively owning 96.79% of the company's stock. Dana recently reported mixed financial results, with quarterly revenue exceeding estimates but earnings per share falling short, while maintaining a quarterly dividend of $0.12 per share.
The Manufacturers Life Insurance Company acquired 53,180 shares of Dana Incorporated (NYSE:DAN) in the second quarter, valued at approximately $1.45 million. Institutional investors now hold 96.79% of the auto parts maker. Despite mixed analyst ratings and a consensus "Hold" rating, Dana reported $2.01 billion in revenue and maintained a quarterly dividend of $0.12 per share, even though its latest earnings per share of $0.19 significantly missed estimates.
Nykredit A S has made a new $84.70 million investment in Dana Incorporated (NYSE:DAN), acquiring 3.11 million shares, representing a 2.89% stake. Despite mixed analyst ratings and a consensus Hold, institutional investors collectively own 96.79% of the company. Dana recently missed earnings expectations but saw a 3.9% year-over-year revenue increase and maintains a $0.12 quarterly dividend.
Legal & General Group Plc has acquired a new position in Dana Incorporated, purchasing 259,622 shares valued at approximately $7.06 million, representing a 0.24% stake in the company. Institutional investors now collectively own 96.79% of Dana. The company recently reported mixed Q2 results with revenue up 3.9% year-over-year to $2.01 billion but adjusted EPS of $0.19 significantly missing the $0.70 consensus estimate.