Shares of Dana Holding Corp. (NYSE:DAN) have been assigned a consensus recommendation of “Hold” from the eight brokerages that are presently covering the firm. Seven analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $15.80.

DAN has been the topic of several recent analyst reports. Zacks Investment Research raised Dana Holding Corp. from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research report on Wednesday, September 21st. FBR & Co lowered Dana Holding Corp. from an “outperform” rating to a “market perform” rating and set a $17.00 price objective on the stock. in a report on Thursday, November 10th. Barclays PLC raised Dana Holding Corp. from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $12.00 to $20.00 in a report on Friday, September 16th. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. reissued a “hold” rating on shares of Dana Holding Corp. in a report on Thursday, November 10th.

In other Dana Holding Corp. news, Director Mark A. Schulz sold 10,201 shares of Dana Holding Corp. stock in a transaction on Friday, September 2nd. The stock was sold at an average price of $14.60, for a total value of $148,934.60. Following the completion of the transaction, the director now owns 20,000 shares in the company, valued at approximately $292,000. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.80% of the stock is owned by company insiders.

Institutional investors have recently modified their holdings of the stock. 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 valued at $559,000 after buying an additional 40,273 shares during the last quarter. Kleinwort Benson Investors Dublin Ltd acquired a new position in shares of Dana Holding Corp. during the second quarter valued at about $1,063,000. Principal Financial Group Inc. increased its position in shares of Dana Holding Corp. by 11.1% in the second quarter. Principal Financial Group Inc. now owns 564,682 shares of the company’s stock valued at $5,963,000 after buying an additional 56,602 shares during the last quarter. Mason Street Advisors LLC acquired a new position in shares of Dana Holding Corp. during the second quarter valued at about $712,000. Finally, HL Financial Services LLC increased its position in shares of Dana Holding Corp. by 12.7% in the second quarter. HL Financial Services LLC now owns 119,934 shares of the company’s stock valued at $1,267,000 after buying an additional 13,511 shares during the last quarter. Hedge funds and other institutional investors own 96.25% of the company’s stock.

Shares of Dana Holding Corp. (NYSE:DAN) traded down 1.73% during midday trading on Monday, reaching $17.02. The company’s stock had a trading volume of 392,048 shares. The stock has a 50 day moving average price of $15.57 and a 200-day moving average price of $13.68. Dana Holding Corp. has a 52-week low of $9.80 and a 52-week high of $17.54. The company has a market capitalization of $2.45 billion, a price-to-earnings ratio of 34.66 and a beta of 1.58.

Dana Holding Corp. (NYSE:DAN) last issued its quarterly earnings results on Thursday, October 20th. The company reported $0.49 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.06. The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.42 billion. Dana Holding Corp. had a return on equity of 28.86% and a net margin of 1.27%. The company’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.41 EPS. Equities research analysts expect that Dana Holding Corp. will post $1.75 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 2nd. Shareholders of record on Friday, November 11th will be given a $0.06 dividend. The ex-dividend date is Tuesday, November 8th. This represents a $0.24 annualized dividend and a yield of 1.39%. Dana Holding Corp.’s payout ratio is 47.06%.

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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.

5 Day Chart for NYSE:DAN

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