Dana Incorporated (DAN)

Over the past six months, Dana's stock price has increased significantly, reaching new 52-week highs. A major event was the completion of the sale of its Off-Highway business to Allison Transmission for $2.7 billion. The company has been repurchasing shares and increasing its planned capital return to shareholders. Analyst ratings have been updated, with some firms raising price targets and maintaining positive ratings, while others have adjusted to "hold".

The demand for Dana's products and services is influenced by the cyclical nature of the automotive and industrial industries. While a diverse customer base and geographic footprint help minimize exposure to declines, the company has experienced customer demand volatility, including lower demand for traditional and electric vehicles and equipment across all end markets in the second half of 2024. Declining truck demand is also a factor.

Dana Incorporated is a global leader in designing, manufacturing, and distributing power-conveyance and energy-management solutions for vehicles and machinery, operating in the automotive, commercial vehicle, and industrial sectors. The company's product portfolio includes axles, driveshafts, transmissions, and thermal management components, and it is expanding its e-Mobility offerings.

Dana Incorporated has a significant global presence, operating in 31 to 33 countries across six continents. It has manufacturing facilities, engineering centers, and distribution operations across North America, South America, Europe, and Asia-Pacific.

Dana Incorporated has maintained a strong brand reputation, earning recognition for its innovation, product quality, durability, and customer focus. Dana was named among the "World's Most Ethical Companies" by Ethisphere in 2023 and 2024 and one of "America's Most Responsible Companies 2023" by Newsweek. The company has received numerous customer awards and its Spicer Electrified™ integrated e-Powertrain was a 2022 Automotive News PACE Award winner.

Dana Incorporated's ownership is primarily dominated by institutional investors, who collectively hold a substantial portion of the company's shares. Major institutional shareholders include BlackRock, Inc., The Vanguard Group, Inc., Dimensional Fund Advisors LP, American Century Investment Management Inc, and State Street Global Advisors, Inc. Individual investors and company insiders also hold significant stakes.