Dana Inc (DAN)

BlackRock Inc. has acquired a significant position in Dana Incorporated, purchasing 18.26 million shares valued at approximately $496.7 million, representing 16.87% of the auto-parts manufacturer. Institutional investors now collectively own 96.79% of Dana's shares. Despite Dana reporting increased quarterly revenue, its adjusted earnings missed consensus estimates, though the company maintained its fiscal 2026 EPS guidance.

NFJ Investment Group LLC has acquired a new position in Dana Incorporated (NYSE:DAN), purchasing 115,653 shares valued at approximately $3.15 million, representing a 0.11% stake in the company. Other institutional investors have also adjusted their holdings in Dana, which currently has 96.79% institutional ownership. Dana reported Q2 EPS of $0.19, missing estimates, but revenue exceeded expectations at $2.01 billion, and the company announced a quarterly dividend of $0.12 per share.

Analysts have issued a consensus "Hold" rating for Dana Incorporated (NYSE:DAN), with an average 12-month price target of $37.00. While the company's Q2 revenue of $2.01 billion beat estimates, earnings per share of $0.19 significantly missed the $0.70 consensus. Institutional investors and hedge funds hold 96.79% of Dana's shares.

Alberta Investment Management Corp recently acquired 170,800 shares of Dana Incorporated (NYSE:DAN), valued at approximately $4.65 million, representing a 0.16% stake in the company. Institutional investors collectively own a significant 96.79% of Dana. Despite reporting better-than-expected quarterly revenue of $2.01 billion, Dana's earnings per share of $0.19 significantly missed the consensus forecast of $0.70.

Dana Incorporated detailed its planned merger with Eaton’s Mobility (USA) business, projecting an $11 billion pro forma revenue and 15% EBITDA margins for the combined entity by 2026, with $250 million in run-rate cost synergies expected by the end of year two post-closing. The company also reported strong recent financial performance, including $2 billion in quarterly sales and 10.3% EBITDA margins, and announced the restart of its share repurchase program, targeting $200 million in buybacks by year-end as part of a $2 billion long-term capital-return goal. Additionally, Dana reaffirmed its "Dana 2030" plan, aiming for a standalone $10 billion top line and 14% margins, driven by growth in core light and commercial vehicles, aftermarket, and applied technologies such as defense and powersports.