Brokerages Set Dana Incorporated (NYSE:DAN) PT at $40.00

Shares of Dana Incorporated (NYSE:DAN) have earned an average rating of “Moderate Buy” from the nine ratings firms that are presently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $40.00.

DAN has been the subject of several research analyst reports. Wall Street Zen downgraded shares of Dana from a “buy” rating to a “hold” rating in a research report on Sunday, April 19th. UBS Group upped their price target on shares of Dana from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Tuesday, April 14th. Zacks Research downgraded shares of Dana from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Barclays upped their price target on shares of Dana from $32.00 to $41.00 and gave the company an “overweight” rating in a research report on Monday, March 30th. Finally, JPMorgan Chase & Co. increased their target price on shares of Dana from $39.00 to $45.00 and gave the stock an “overweight” rating in a research report on Thursday, April 23rd.

Institutional Investors Weigh In On Dana

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC lifted its position in Dana by 11.3% in the 4th quarter. GAMMA Investing LLC now owns 4,315 shares of the auto parts company’s stock worth $103,000 after buying an additional 439 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in Dana by 39.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,580 shares of the auto parts company’s stock worth $38,000 after buying an additional 445 shares in the last quarter. Parallel Advisors LLC lifted its position in Dana by 105.2% in the 1st quarter. Parallel Advisors LLC now owns 1,925 shares of the auto parts company’s stock worth $65,000 after buying an additional 987 shares in the last quarter. State of Tennessee Department of Treasury lifted its position in Dana by 10.7% in the 2nd quarter. State of Tennessee Department of Treasury now owns 55,842 shares of the auto parts company’s stock worth $958,000 after buying an additional 5,405 shares in the last quarter. Finally, Captrust Financial Advisors purchased a new stake in Dana in the 2nd quarter worth approximately $176,000. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Dana Stock Down 15.3%

Shares of NYSE:DAN opened at $30.06 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.09 and a current ratio of 1.57. The company has a market cap of $3.25 billion, a PE ratio of 2.92 and a beta of 1.94. Dana has a 52 week low of $15.31 and a 52 week high of $39.56. The firm has a 50 day simple moving average of $35.38 and a 200 day simple moving average of $30.98.

Dana (NYSE:DAN) last issued its quarterly earnings results on Friday, May 15th. The auto parts company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.18). The firm had revenue of $1.87 billion during the quarter. Dana had a net margin of 15.12% and a return on equity of 3.56%. As a group, research analysts expect that Dana will post 2.64 earnings per share for the current year.

Dana Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 8th were given a $0.12 dividend. The ex-dividend date was Friday, May 8th. This represents a $0.48 dividend on an annualized basis and a yield of 1.6%. Dana’s dividend payout ratio is presently 4.66%.

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.