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

Shares of Dana Incorporated (NYSE:DAN) have been given an average rating of “Hold” by the nine research firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $37.00.

A number of research firms recently weighed in on DAN. JPMorgan Chase & Co. upped their target price on shares of Dana from $39.00 to $45.00 and gave the company an “overweight” rating in a research note on Thursday, April 23rd. Royal Bank Of Canada lowered their price objective on Dana from $41.00 to $33.00 and set an “outperform” rating on the stock in a research note on Monday, July 13th. Wells Fargo & Company cut their target price on Dana from $36.00 to $33.00 and set an “equal weight” rating for the company in a research report on Friday, June 12th. Deutsche Bank Aktiengesellschaft lowered their price target on Dana from $40.00 to $39.00 and set a “buy” rating on the stock in a research report on Tuesday, July 7th. Finally, Barclays cut Dana from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $41.00 to $33.00 in a report on Thursday, July 2nd.

Dana Trading Down 0.2%

Shares of DAN opened at $26.88 on Monday. The stock’s 50-day moving average price is $29.68 and its 200 day moving average price is $31.98. The company has a quick ratio of 1.09, a current ratio of 1.57 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $2.91 billion, a price-to-earnings ratio of 2.61 and a beta of 1.99. Dana has a 12-month low of $15.31 and a 12-month high of $39.56.

Dana (NYSE:DAN) last announced its quarterly earnings data on Friday, May 15th. The auto parts company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.18). The firm had revenue of $1.87 billion for the quarter. Dana had a return on equity of 3.56% and a net margin of 15.12%. As a group, research analysts predict that Dana will post 2.07 earnings per share for the current year.

Dana Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 7th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Friday, August 7th. Dana’s dividend payout ratio is currently 4.66%.

Institutional Investors Weigh In On Dana

Large investors have recently bought and sold shares of the business. SG Americas Securities LLC raised its holdings in Dana by 1,341.4% during the 1st quarter. SG Americas Securities LLC now owns 690,454 shares of the auto parts company’s stock worth $23,234,000 after purchasing an additional 642,552 shares during the last quarter. Loomis Sayles & Co. L P raised its stake in shares of Dana by 61.2% during the fourth quarter. Loomis Sayles & Co. L P now owns 1,591,768 shares of the auto parts company’s stock worth $37,820,000 after buying an additional 604,246 shares during the last quarter. Tudor Investment Corp ET AL lifted its holdings in Dana by 1,706.3% in the third quarter. Tudor Investment Corp ET AL now owns 213,144 shares of the auto parts company’s stock valued at $4,271,000 after buying an additional 201,344 shares during the period. Bessemer Group Inc. boosted its stake in Dana by 44.3% in the first quarter. Bessemer Group Inc. now owns 208,088 shares of the auto parts company’s stock valued at $7,002,000 after acquiring an additional 63,879 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in Dana by 3.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 927,987 shares of the auto parts company’s stock worth $18,597,000 after acquiring an additional 27,712 shares during the period. 96.79% of the stock is currently owned by 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.