Dana (NYSE:DAN) Cut to “Hold” at Wall Street Zen

Wall Street Zen cut shares of Dana (NYSE:DAN) from a buy rating to a hold rating in a report released on Sunday.

DAN has been the subject of a number of other research reports. 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 research note on Thursday, February 19th. 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 boosted their target price on shares of Dana from $30.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 19th. Barclays upped their target price on shares of Dana from $27.00 to $32.00 and gave the company an “overweight” rating in a research note on Thursday, January 22nd. Finally, Weiss Ratings raised shares of Dana from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, March 19th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $35.17.

Dana Price Performance

DAN stock opened at $33.35 on Friday. The stock’s 50 day moving average is $31.86 and its two-hundred day moving average is $25.17. Dana has a 52-week low of $10.11 and a 52-week high of $36.28. The company has a market capitalization of $3.65 billion, a PE ratio of 58.52 and a beta of 2.08. The company has a quick ratio of 0.86, a current ratio of 1.17 and a debt-to-equity ratio of 2.85.

Dana Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Friday, February 27th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.4%. This is a boost from Dana’s previous quarterly dividend of $0.10. The ex-dividend date was Friday, February 27th. Dana’s dividend payout ratio (DPR) is 84.21%.

Institutional Trading of Dana

Several institutional investors have recently added to or reduced their stakes in DAN. Rhumbline Advisers raised its holdings in shares of Dana by 2.2% during the second quarter. Rhumbline Advisers now owns 401,017 shares of the auto parts company’s stock worth $6,877,000 after purchasing an additional 8,787 shares during the period. Segall Bryant & Hamill LLC lifted its position in shares of Dana by 6.4% in the 2nd quarter. Segall Bryant & Hamill LLC now owns 194,338 shares of the auto parts company’s stock worth $3,333,000 after buying an additional 11,711 shares during the last quarter. Loomis Sayles & Co. L P boosted its holdings in shares of Dana by 4.2% in the 2nd quarter. Loomis Sayles & Co. L P now owns 1,102,729 shares of the auto parts company’s stock valued at $18,912,000 after buying an additional 44,010 shares during the period. Captrust Financial Advisors acquired a new position in shares of Dana in the 2nd quarter valued at about $176,000. Finally, State of Tennessee Department of Treasury grew its position in shares of Dana by 10.7% during the 2nd quarter. State of Tennessee Department of Treasury now owns 55,842 shares of the auto parts company’s stock valued at $958,000 after buying an additional 5,405 shares during the last quarter. Institutional investors own 96.79% of the company’s stock.

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.