Dana Holding Corp (NYSE:DAN) Institutional Investors Quarterly Sentiment

October 2, 2018 - By Ash

Sentiment for Dana Holding Corp (NYSE:DAN)

Dana Holding Corp (NYSE:DAN) institutional sentiment increased to 1.19 in Q2 2018. Its up 0.29, from 0.9 in 2018Q1. The ratio has increased, as 127 hedge funds opened new and increased positions, while 107 reduced and sold their stakes in Dana Holding Corp. The hedge funds in our partner’s database now own: 132.96 million shares, down from 135.92 million shares in 2018Q1. Also, the number of hedge funds holding Dana Holding Corp in their top 10 positions was flat from 2 to 2 for the same number . Sold All: 31 Reduced: 76 Increased: 82 New Position: 45.

Dana Incorporated manufactures and sells driveline, sealing, and thermal-management products for vehicle manufacturers in North America, Europe, South America, and the Asia Pacific. The company has market cap of $2.71 billion. The firm operates in four divisions: Light Vehicle Driveline Technologies, Commercial Vehicle Driveline Technologies, Off-Highway Driveline Technologies, and Power Technologies. It has a 14.38 P/E ratio. The Light Vehicle Driveline Technologies segment offers front axles, rear axles, driveshafts/propshafts, differentials, torque couplings, and modular assemblies for use in light trucks, sport utility vehicles, crossover utility vehicles, vans, and passenger cars.

The stock increased 0.16% or $0.03 during the last trading session, reaching $18.72. About 211,173 shares traded. Dana Incorporated (NYSE:DAN) has declined 23.80% since October 2, 2017 and is downtrending. It has underperformed by 39.42% the S&P500.

Analysts await Dana Incorporated (NYSE:DAN) to report earnings on October, 25. They expect $0.74 earnings per share, up 25.42 % or $0.15 from last year’s $0.59 per share. DAN’s profit will be $106.97M for 6.32 P/E if the $0.74 EPS becomes a reality. After $0.74 actual earnings per share reported by Dana Incorporated for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

Anchor Bolt Capital Lp holds 3.14% of its portfolio in Dana Incorporated for 3.55 million shares. Wedge Capital Management L L P Nc owns 5.79 million shares or 1.14% of their US portfolio. Moreover, Hennessy Advisors Inc has 0.69% invested in the company for 989,900 shares. The California-based Tcw Group Inc has invested 0.59% in the stock. Adirondack Research & Management Inc., a New York-based fund reported 74,000 shares.

Since January 1, 0001, it had 0 insider purchases, and 3 insider sales for $1.12 million activity.

Dana Incorporated (NYSE:DAN) Ratings Coverage

Ratings analysis reveals 43% of Dana Holding’s analysts are positive. Out of 7 Wall Street analysts rating Dana Holding, 3 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. The lowest target is $22 while the high is $3500. The stock’s average target of $27.86 is 48.82% above today’s ($18.72) share price. DAN was included in 9 notes of analysts from April 16, 2018. The company was maintained on Tuesday, May 1 by Barclays Capital. As per Monday, April 16, the company rating was maintained by RBC Capital Markets. The firm has “Overweight” rating given on Thursday, July 26 by Barclays Capital. The company was maintained on Thursday, July 26 by Buckingham Research. The rating was maintained by Guggenheim with “Buy” on Thursday, April 19. FBR Capital maintained Dana Incorporated (NYSE:DAN) rating on Monday, June 25. FBR Capital has “Hold” rating and $2500 target. The stock of Dana Incorporated (NYSE:DAN) has “Neutral” rating given on Tuesday, May 1 by Guggenheim.

Dana Incorporated (NYSE:DAN) Institutional Positions Chart

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