Dana (NYSE:DAN) Downgraded by Zacks Research to Hold

Zacks Research downgraded shares of Dana (NYSE:DAN) from a strong-buy rating to a hold rating in a report released on Wednesday morning,Zacks.com reports.

Other analysts also recently issued research reports about the company. Cfra Research upgraded Dana from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, August 5th. Royal Bank Of Canada raised their price target on shares of Dana from $24.00 to $26.00 and gave the stock an “outperform” rating in a report on Tuesday, September 2nd. JPMorgan Chase & Co. lifted their price objective on Dana from $26.00 to $28.00 and gave the company an “overweight” rating in a research note on Monday, November 3rd. Barclays increased their price target on Dana from $25.00 to $27.00 and gave the company an “overweight” rating in a research report on Friday, October 10th. Finally, Weiss Ratings raised Dana from a “sell (d+)” rating to a “hold (c)” rating in a research report on Friday, November 7th. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $23.57.

Dana Trading Down 1.3%

Shares of DAN traded down $0.27 during midday trading on Wednesday, hitting $20.82. The stock had a trading volume of 1,095,426 shares, compared to its average volume of 1,927,118. The firm has a market cap of $2.43 billion, a PE ratio of 46.27, a price-to-earnings-growth ratio of 1.47 and a beta of 2.16. Dana has a 1 year low of $7.72 and a 1 year high of $22.13. The stock’s 50 day moving average is $20.14 and its 200 day moving average is $18.14. The company has a debt-to-equity ratio of 2.23, a current ratio of 1.31 and a quick ratio of 1.00.

Dana (NYSE:DAN) last issued its earnings results on Wednesday, October 29th. The auto parts company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.09). Dana had a return on equity of 6.35% and a net margin of 0.64%.The company had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.91 billion. During the same period last year, the business posted $0.12 earnings per share. The business’s revenue was up 1.1% compared to the same quarter last year. Dana has set its FY 2025 guidance at EPS. As a group, analysts forecast that Dana will post 1.5 EPS for the current fiscal year.

Dana Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, November 7th will be issued a dividend of $0.10 per share. The ex-dividend date is Friday, November 7th. This represents a $0.40 annualized dividend and a dividend yield of 1.9%. Dana’s dividend payout ratio (DPR) is 88.89%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of DAN. FNY Investment Advisers LLC acquired a new position in Dana in the 2nd quarter worth $25,000. Captrust Financial Advisors acquired a new position in shares of Dana in the 2nd quarter valued at approximately $176,000. SG Americas Securities LLC acquired a new position in shares of Dana in the 3rd quarter valued at approximately $488,000. Horizon Investments LLC bought a new stake in shares of Dana in the third quarter worth $553,000. Finally, Entropy Technologies LP raised its holdings in Dana by 266.2% in the third quarter. Entropy Technologies LP now owns 37,303 shares of the auto parts company’s stock valued at $748,000 after acquiring an additional 27,116 shares in the last quarter. Institutional investors and hedge funds own 96.79% of the company’s stock.

Dana Company Profile

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.