Analysts Set Dana Incorporated (NYSE:DAN) Price Target at $35.17

Dana Incorporated (NYSE:DAN) has received an average rating of “Moderate Buy” from the nine analysts that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $36.6667.

DAN has been the topic of several analyst reports. Wall Street Zen downgraded shares of Dana from a “buy” rating to a “hold” rating in a report on Sunday, March 22nd. Royal Bank Of Canada raised their price objective on shares of Dana from $32.00 to $40.00 and gave the company an “outperform” rating in a research report on Thursday, February 19th. UBS Group lifted their target price on shares of Dana from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, February 19th. Wells Fargo & Company upped their target price on shares of Dana from $30.00 to $35.00 and gave the stock an “equal weight” rating in a report on Thursday, February 19th. Finally, Zacks Research upgraded Dana from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 23rd.

Dana Stock Performance

NYSE:DAN opened at $31.83 on Tuesday. The company has a debt-to-equity ratio of 2.85, a quick ratio of 0.86 and a current ratio of 1.17. The stock has a 50-day simple moving average of $32.28 and a two-hundred day simple moving average of $25.50. The firm has a market capitalization of $3.49 billion, a PE ratio of 55.84 and a beta of 2.08. Dana has a 52-week low of $10.11 and a 52-week high of $36.28.

Dana (NYSE:DAN) last posted its quarterly earnings data on Friday, February 27th. The auto parts company reported $0.85 EPS for the quarter. Dana had a negative return on equity of 3.06% and a net margin of 1.13%.The firm had revenue of $1.87 billion for the quarter. Analysts forecast that Dana will post 1.5 EPS for the current year.

Dana Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Friday, February 27th were given a dividend of $0.12 per share. This is an increase from Dana’s previous quarterly dividend of $0.10. This represents a $0.48 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Friday, February 27th. Dana’s dividend payout ratio (DPR) is 84.21%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Rhumbline Advisers boosted its stake in Dana by 2.2% in the 2nd quarter. Rhumbline Advisers now owns 401,017 shares of the auto parts company’s stock worth $6,877,000 after purchasing an additional 8,787 shares during the period. Segall Bryant & Hamill LLC raised its position in shares of Dana by 6.4% during the second quarter. Segall Bryant & Hamill LLC now owns 194,338 shares of the auto parts company’s stock valued at $3,333,000 after buying an additional 11,711 shares during the last quarter. Loomis Sayles & Co. L P raised its position in shares of Dana by 4.2% during the second quarter. Loomis Sayles & Co. L P now owns 1,102,729 shares of the auto parts company’s stock valued at $18,912,000 after buying an additional 44,010 shares during the last quarter. Captrust Financial Advisors purchased a new position in shares of Dana in the second quarter worth $176,000. Finally, State of Tennessee Department of Treasury lifted its holdings in shares of Dana by 10.7% in the second quarter. State of Tennessee Department of Treasury now owns 55,842 shares of the auto parts company’s stock worth $958,000 after buying an additional 5,405 shares in the last quarter. 96.79% of the stock is owned by hedge funds and other institutional investors.

Dana Company Profile

Dana Incorporated is a global leader in the design and manufacture of drivetrain, sealing, and thermal-management technologies for the automotive, commercial vehicle, off-highway and industrial markets. The company’s product portfolio includes axles, driveshafts, transmissions, e-Propulsion systems and thermal-management assemblies that help improve fuel efficiency, reduce emissions and enhance vehicle performance. Dana’s expertise spans internal combustion and electrified powertrains, positioning it to support both traditional and next-generation mobility solutions.

Founded in 1904 by Clarence W.