Gabelli Funds Reduces $21M in Dana Incorporated ($DAN)
Key Points
- Gabelli Funds changed its Dana Incorporated ($DAN) stake by 34.5% last quarter, cutting to 1,284,700 shares worth $39.58 million.
- Wall Street's consensus rating on $DAN is Buy and an average price target of $41.14.
- $DAN last traded around $30.81.
Gabelli Funds reduced its position in Dana Incorporated ($DAN) by 34.5% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,284,700 shares of Dana Incorporated after selling 675,200 shares during the quarter. Gabelli Funds's holdings in Dana Incorporated were worth $39.58 million as of its most recent filing.
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About Dana Incorporated
Dana Incorporated, together with its subsidiaries, provides power-conveyance and energy-management solutions for on-highway vehicles in North America, Europe, South America, and the Asia Pacific. The Light Vehicle segment provides axles, driveshafts, internal combustion engine (ICE), hybrid and electric transmissions, e-axle and e-transmission systems, inverters, electric motors, controllers, sealing and thermal products, e-sealing, e-thermal cooling systems, battery and electronics cooling, hydrogen fuel cell cooling, and new power industrial cooling. The Commercial Vehicle segment offers axles, driveshafts, hybrid and electric transmissions, e-axle and e-transmission systems, inverters, electric motors, controllers. The company offers electrodynamic technologies comprising motors, inverters, software and control systems, battery-management systems, and fuel cell plates. The company also provides sealing solutions, such as gaskets, seals, cam covers, and oil pan modules; thermal-management technologies, including transmission and engine oil cooling, battery and electronics cooling, charge air cooling, and thermal-acoustical protective shielding; and digital solutions that include active and passive system controls, as well as descriptive and predictive analytics. It serves vehicle manufacturers in the global light vehicle, medium/heavy vehicle. The company was formerly known as Dana Holding Corporation and changed its name to Dana Incorporated in August 2016. Dana Incorporated was founded in 1904 and is headquartered in Maumee, Ohio.
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