Dana (NYSE:DAN) PT Lowered to $12.00 at Wells Fargo & Company

Dana (NYSE:DAN) had its price target lowered by Wells Fargo & Company from $13.00 to $12.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has an equal weight rating on the auto parts company’s stock.

Several other equities analysts have also recently issued reports on the company. Barclays decreased their price target on Dana from $16.00 to $15.00 and set an equal weight rating on the stock in a report on Wednesday, February 28th. JPMorgan Chase & Co. cut their price objective on Dana from $19.00 to $18.00 and set an overweight rating on the stock in a report on Monday, February 26th. Finally, Oppenheimer lifted their target price on Dana from $17.00 to $18.00 and gave the company an outperform rating in a research report on Wednesday, May 1st. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Dana has a consensus rating of Hold and a consensus price target of $16.50.

Dana Stock Performance

Shares of NYSE DAN opened at $12.06 on Tuesday. The business has a fifty day simple moving average of $13.23 and a 200 day simple moving average of $13.17. The company has a current ratio of 1.60, a quick ratio of 0.97 and a debt-to-equity ratio of 1.61. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of 134.01, a PEG ratio of 0.48 and a beta of 2.43. Dana has a one year low of $11.10 and a one year high of $19.75.

Dana (NYSE:DAN) last released its quarterly earnings data on Tuesday, April 30th. The auto parts company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.08). Dana had a return on equity of 5.42% and a net margin of 0.12%. The company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.69 billion. During the same quarter in the prior year, the company earned $0.25 earnings per share. The business’s revenue was up 3.4% compared to the same quarter last year. Sell-side analysts expect that Dana will post 0.73 EPS for the current year.

Dana Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Friday, May 10th were paid a $0.10 dividend. The ex-dividend date was Thursday, May 9th. This represents a $0.40 annualized dividend and a yield of 3.32%. Dana’s dividend payout ratio (DPR) is presently 444.49%.

Institutional Trading of Dana

Institutional investors have recently added to or reduced their stakes in the company. Handelsbanken Fonder AB boosted its stake in Dana by 71.5% in 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 during the period. Neo Ivy Capital Management acquired a new position in shares of Dana during the 3rd quarter worth $1,602,000. Great Lakes Advisors LLC raised its holdings in shares of Dana by 89.5% during the 4th 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 in the last quarter. Knights of Columbus Asset Advisors LLC raised its holdings in shares of 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 worth $4,158,000 after buying an additional 176,778 shares in the last quarter. Finally, Cibc World Markets Corp increased its holdings in Dana by 46.0% in the 4th quarter. Cibc World Markets Corp now owns 1,190,000 shares of the auto parts company’s stock worth $17,386,000 after purchasing an additional 375,000 shares in the last quarter. 96.79% of the stock is currently owned by 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.