Dana Incorporated (NYSE:DAN) Receives Consensus Recommendation of “Hold” from Brokerages

Dana Incorporated (NYSE:DAN) has earned a consensus rating of “Hold” from the six analysts that are presently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $16.67.

Several equities analysts have recently issued reports on the company. Oppenheimer boosted their target price on Dana from $17.00 to $18.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Wells Fargo & Company decreased their price objective on shares of Dana from $14.00 to $13.00 and set an “equal weight” rating for the company in a report on Wednesday, February 21st. JPMorgan Chase & Co. cut their target price on shares of Dana from $19.00 to $18.00 and set an “overweight” rating on the stock in a research note on Monday, February 26th. Finally, Barclays decreased their price target on shares of Dana from $16.00 to $15.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 28th.

Dana Trading Down 4.8 %

Shares of DAN opened at $12.42 on Wednesday. The firm has a fifty day simple moving average of $13.18 and a two-hundred day simple moving average of $13.24. Dana has a twelve month low of $11.10 and a twelve month high of $19.75. The stock has a market capitalization of $1.80 billion, a P/E ratio of 138.02, a PEG ratio of 0.38 and a beta of 2.43. The company has a quick ratio of 0.97, a current ratio of 1.60 and a debt-to-equity ratio of 1.61.

Dana (NYSE:DAN) last posted its earnings results on Tuesday, April 30th. The auto parts company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.08). Dana had a return on equity of 5.42% and a net margin of 0.12%. The firm had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.69 billion. During the same quarter in the prior year, the company posted $0.25 earnings per share. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. On average, research analysts anticipate that Dana will post 0.91 EPS for the current year.

Dana Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Friday, May 10th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $0.40 dividend on an annualized basis and a yield of 3.22%. Dana’s dividend payout ratio (DPR) is currently 444.49%.

Hedge Funds Weigh In On Dana

Several large investors have recently made changes to their positions in DAN. Neo Ivy Capital Management bought a new position in shares of Dana during the third quarter valued at $1,602,000. Knights of Columbus Asset Advisors LLC grew its position in Dana by 164.0% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 284,582 shares of the auto parts company’s stock valued at $4,158,000 after purchasing an additional 176,778 shares during the last quarter. Handelsbanken Fonder AB increased its stake in Dana by 71.5% during the 4th quarter. Handelsbanken Fonder AB now owns 35,490 shares of the auto parts company’s stock valued at $519,000 after purchasing an additional 14,800 shares in the last quarter. Great Lakes Advisors LLC raised its holdings in Dana by 89.5% in the fourth quarter. Great Lakes Advisors LLC now owns 126,015 shares of the auto parts company’s stock worth $1,841,000 after buying an additional 59,502 shares during the last quarter. Finally, Cibc World Markets Corp raised its holdings in Dana by 46.0% in the fourth quarter. Cibc World Markets Corp now owns 1,190,000 shares of the auto parts company’s stock worth $17,386,000 after buying an additional 375,000 shares during the last quarter. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

About Dana

Dana Incorporated, together with its subsidiaries, provides power-conveyance and energy-management solutions for vehicles and machinery in North America, Europe, South America, and the Asia Pacific. The company operates through four segments: Light Vehicle Drive Systems, Commercial Vehicle Drive and Motion Systems, Off-Highway Drive and Motion Systems, and Power Technologies.