First Mercantile Trust Co buys $446,890 stake in Dana Holding Corporation (DAN)

Dana Holding Corporation (DAN) : First Mercantile Trust Co scooped up 7,477 additional shares in Dana Holding Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 29,420 shares of Dana Holding Corporation which is valued at $446,890.Dana Holding Corporation makes up approximately 0.06% of First Mercantile Trust Co’s portfolio.

Other Hedge Funds, Including , Simplex Trading sold out all of its stake in DAN during the most recent quarter. The investment firm sold 3,863 shares of DAN which is valued $58,679.Independent Portfolio Consultants reduced its stake in DAN by selling 835 shares or 26.76% in the most recent quarter. The Hedge Fund company now holds 2,285 shares of DAN which is valued at $35,577. Dana Holding Corporation makes up approx 0.01% of Independent Portfolio Consultants’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in DAN by selling 49,017 shares or 60.59% in the most recent quarter. The Hedge Fund company now holds 31,889 shares of DAN which is valued at $496,512.

Dana Holding Corporation closed down -0.28 points or -1.81% at $15.19 with 10,32,045 shares getting traded on Friday. Post opening the session at $15.41, the shares hit an intraday low of $15.04 and an intraday high of $15.46 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Dana Holding Corporation reported $0.53 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Jul 21, 2016. Analyst had a consensus of $0.46. The company had revenue of $1546.00 million for the quarter, compared to analysts expectations of $1513.75 million. The company’s revenue was down -3.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.48 EPS.

Many Wall Street Analysts have commented on Dana Holding Corporation. Company shares were Reiterated by RBC Capital Mkts on Jul 22, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 14 from a previous price target of $11 .

Dana Holding Corporation is a global provider of high technology driveline sealing and thermal-management products. The Company offers its products to vehicle manufacturers in the global light vehicle medium/heavy vehicle and off-highway markets. It operates in four business segments: Light Vehicle Driveline Technologies (Light Vehicle) Commercial Vehicle Driveline Technologies (Commercial Vehicle) Off-Highway Driveline Technologies (Off-Highway) and Power Technologies. The Light Vehicle segment products include front axles rear axles drive shafts and differentials among others. The Commercial Vehicle segment products include steer axles drive axles drive shafts and tire inflation systems. The Off-Highway segment products include products include front axles rear axles drive shafts and transmissions among others. The Power Technologies segment products include gaskets cover modules heat shields engine sealing systems cooling and heat transfer products.

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