Dana Incorporated (NYSE:DAN) Given Average Recommendation of “Hold” by Brokerages

Dana Incorporated (NYSE:DAN) has earned an average rating of “Hold” from the six ratings firms that are currently covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $16.67.

A number of research firms have commented on DAN. Barclays cut their price objective on shares of Dana from $16.00 to $15.00 and set an “equal weight” rating for the company in a report on Wednesday, February 28th. Wells Fargo & Company cut their price target on shares of Dana from $14.00 to $13.00 and set an “equal weight” rating for the company in a report on Wednesday, February 21st. JPMorgan Chase & Co. lowered their price objective on shares of Dana from $19.00 to $18.00 and set an “overweight” rating for the company in a research report on Monday, February 26th. Finally, Oppenheimer increased their price objective on shares of Dana from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st.

Institutional Investors Weigh In On Dana

Institutional investors have recently modified their holdings of the company. Handelsbanken Fonder AB lifted its position in shares of Dana by 71.5% during the 4th quarter. Handelsbanken Fonder AB now owns 35,490 shares of the auto parts company’s stock worth $519,000 after purchasing an additional 14,800 shares during the last quarter. Great Lakes Advisors LLC lifted its position in shares of Dana by 93.6% during the 3rd quarter. Great Lakes Advisors LLC now owns 66,513 shares of the auto parts company’s stock worth $976,000 after purchasing an additional 32,163 shares during the last quarter. Neo Ivy Capital Management acquired a new stake in Dana during the 3rd quarter worth $1,602,000. Knights of Columbus Asset Advisors LLC raised its stake in 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 acquiring an additional 176,778 shares in the last quarter. Finally, Cibc World Markets Corp raised its stake in Dana by 46.0% during 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 acquiring an additional 375,000 shares in the last quarter. 96.79% of the stock is owned by hedge funds and other institutional investors.

Dana Trading Up 3.1 %

DAN stock opened at $14.00 on Friday. The company’s 50-day simple moving average is $12.78 and its 200-day simple moving average is $13.12. The company has a quick ratio of 0.97, a current ratio of 1.60 and a debt-to-equity ratio of 1.61. Dana has a 52-week low of $11.10 and a 52-week high of $19.75. The firm has a market cap of $2.03 billion, a P/E ratio of 155.57, a PEG ratio of 0.43 and a beta of 2.46.

Dana (NYSE:DAN) last posted its earnings results 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 firm had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.69 billion. During the same period in the previous year, the company earned $0.25 earnings per share. The company’s revenue was up 3.4% compared to the same quarter last year. As a group, equities analysts forecast that Dana will post 0.91 EPS for the current fiscal year.

Dana Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 10th will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, May 9th. This represents a $0.40 annualized dividend and a dividend yield of 2.86%. Dana’s dividend payout ratio (DPR) is currently 444.49%.

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.