Dana Incorporated (NYSE:DAN) Given Consensus Rating of “Moderate Buy” by Brokerages

Dana Incorporated (NYSE:DAN) has been given an average rating of “Moderate Buy” by the nine brokerages that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $35.1667.

Several analysts have recently weighed in on the company. Barclays boosted their price target on Dana from $27.00 to $32.00 and gave the stock an “overweight” rating in a report on Thursday, January 22nd. Zacks Research raised shares of Dana from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 22nd. Wells Fargo & Company upped their price target on shares of Dana from $30.00 to $35.00 and gave the company an “equal weight” rating in a research report on Thursday, February 19th. Royal Bank Of Canada lifted their price target on shares of Dana from $32.00 to $40.00 and gave the stock an “outperform” rating in a report on Thursday, February 19th. Finally, UBS Group boosted their price objective on shares of Dana from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday, February 19th.

Hedge Funds Weigh In On Dana

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Loomis Sayles & Co. L P boosted its holdings in Dana by 61.2% in the fourth quarter. Loomis Sayles & Co. L P now owns 1,591,768 shares of the auto parts company’s stock valued at $37,820,000 after acquiring an additional 604,246 shares during the last quarter. Tudor Investment Corp ET AL lifted its position in shares of Dana by 1,706.3% in the 3rd quarter. Tudor Investment Corp ET AL now owns 213,144 shares of the auto parts company’s stock worth $4,271,000 after purchasing an additional 201,344 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Dana by 3.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 927,987 shares of the auto parts company’s stock valued at $18,597,000 after purchasing an additional 27,712 shares during the last quarter. Horizon Investments LLC acquired a new stake in shares of Dana during the third quarter worth $553,000. Finally, Entropy Technologies LP lifted 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 buying an additional 27,116 shares during the period. 96.79% of the stock is owned by institutional investors and hedge funds.

Dana Trading Down 0.7%

NYSE DAN opened at $33.97 on Friday. The company has a market cap of $3.69 billion, a price-to-earnings ratio of 75.49 and a beta of 2.08. Dana has a twelve month low of $10.11 and a twelve month high of $36.28. The company has a quick ratio of 0.96, a current ratio of 1.17 and a debt-to-equity ratio of 2.85. The business’s fifty day moving average is $30.07 and its 200 day moving average is $23.98.

Dana Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, February 27th will be given a $0.12 dividend. This is a boost from Dana’s previous quarterly dividend of $0.10. The ex-dividend date is Friday, February 27th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.4%. Dana’s dividend payout ratio is presently 106.67%.

About Dana

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.