Dana Holding Corp. (DAN) Stock Rating Lowered by FBR & Co
Dana Holding Corp. (NYSE:DAN) was downgraded by equities research analysts at FBR & Co from an “outperform” rating to a “market perform” rating in a note issued to investors on Thursday.
Several other analysts also recently weighed in on the company. RBC Capital Markets reissued a “sector perform” rating and issued a $14.00 target price (up from $11.00) on shares of Dana Holding Corp. in a report on Sunday, July 24th. Zacks Investment Research raised Dana Holding Corp. from a “sell” rating to a “hold” rating in a report on Monday, July 25th. Royal Bank Of Canada boosted their target price on Dana Holding Corp. from $11.00 to $14.00 and gave the company a “sector perform” rating in a report on Friday, July 22nd. Finally, Barclays PLC raised Dana Holding Corp. from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $12.00 to $20.00 in a report on Friday, September 16th. They noted that the move was a valuation call. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $16.17.
Shares of Dana Holding Corp. (NYSE:DAN) opened at 15.79 on Thursday. The firm has a 50-day moving average price of $15.15 and a 200 day moving average price of $13.37. The firm has a market capitalization of $2.27 billion, a price-to-earnings ratio of 32.16 and a beta of 1.58. Dana Holding Corp. has a one year low of $9.80 and a one year high of $16.68.
Dana Holding Corp. (NYSE:DAN) last released its quarterly earnings data on Thursday, October 20th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.06. The business earned $1.38 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Dana Holding Corp. had a return on equity of 28.86% and a net margin of 1.27%. The business’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.41 EPS. Equities analysts forecast that Dana Holding Corp. will post $1.75 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 2nd. Shareholders of record on Friday, November 11th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend is Tuesday, November 8th. Dana Holding Corp.’s dividend payout ratio is presently 47.06%.
In other Dana Holding Corp. news, Director Mark A. Schulz sold 10,201 shares of the company’s stock in a transaction that occurred on Friday, September 2nd. The stock was sold at an average price of $14.60, for a total transaction of $148,934.60. Following the completion of the sale, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $292,000. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mark A. Schulz sold 5,444 shares of the company’s stock in a transaction that occurred on Tuesday, August 23rd. The shares were sold at an average price of $14.43, for a total value of $78,556.92. Following the sale, the director now directly owns 30,201 shares of the company’s stock, valued at $435,800.43. The disclosure for this sale can be found here. Company insiders own 0.80% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. AXA acquired a new position in shares of Dana Holding Corp. during the first quarter worth about $785,000. Magnetar Financial LLC acquired a new position in shares of Dana Holding Corp. during the first quarter worth about $444,000. Nordea Investment Management AB increased its position in shares of Dana Holding Corp. by 317.5% in the second quarter. Nordea Investment Management AB now owns 52,957 shares of the company’s stock worth $559,000 after buying an additional 40,273 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Dana Holding Corp. by 92.5% in the first quarter. Goldman Sachs Group Inc. now owns 1,647,598 shares of the company’s stock worth $23,215,000 after buying an additional 791,733 shares during the period. Finally, Kleinwort Benson Investors Dublin Ltd acquired a new position in shares of Dana Holding Corp. during the second quarter worth about $1,063,000. 98.80% of the stock is owned by institutional investors and hedge funds.
About Dana Holding Corp.
Dana Inc, formerly Dana Holding Corporation, is a 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. The Company operates in four segments: Light Vehicle Driveline Technologies (Light Vehicle), Commercial Vehicle Driveline Technologies (Commercial Vehicle), Off-Highway Driveline Technologies (Off-Highway) and Power Technologies.
Receive News & Stock Ratings for Dana Holding Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dana Holding Corp. and related stocks with our FREE daily email newsletter.