Dana (NYSE:DAN) Cut to “Strong Sell” at Zacks Research

Dana (NYSE:DAN) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Tuesday,Zacks.com reports.

DAN has been the subject of a number of other reports. Barclays upped their target price on shares of Dana from $32.00 to $41.00 and gave the company an “overweight” rating in a report on Monday, March 30th. JPMorgan Chase & Co. lifted their price objective on Dana from $39.00 to $45.00 and gave the company an “overweight” rating in a research report on Thursday, April 23rd. Weiss Ratings raised Dana from a “hold (c-)” rating to a “buy (b-)” rating in a report on Monday, May 18th. Wells Fargo & Company decreased their price objective on Dana from $36.00 to $33.00 and set an “equal weight” rating on the stock in a report on Friday, June 12th. Finally, UBS Group upped their price objective on Dana from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Tuesday, April 14th. Six equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $39.67.

Dana Price Performance

NYSE DAN opened at $28.42 on Tuesday. Dana has a one year low of $15.31 and a one year high of $39.56. The stock has a 50-day moving average of $35.06 and a 200 day moving average of $31.19. The company has a market capitalization of $3.08 billion, a price-to-earnings ratio of 2.76 and a beta of 1.94. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.09 and a current ratio of 1.57.

Dana (NYSE:DAN) last released its quarterly earnings data 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). Dana had a return on equity of 3.56% and a net margin of 15.12%.The business had revenue of $1.87 billion during the quarter. On average, sell-side analysts forecast that Dana will post 2.26 EPS for the current year.

Institutional Investors Weigh In On Dana

Several hedge funds have recently made changes to their positions in the company. Parallel Advisors LLC lifted its holdings in shares of 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 during the period. EverSource Wealth Advisors LLC raised its stake in Dana by 42.2% in the first quarter. EverSource Wealth Advisors LLC now owns 2,247 shares of the auto parts company’s stock valued at $76,000 after buying an additional 667 shares during the last quarter. Bessemer Group Inc. raised its stake in Dana by 44.3% in the first quarter. Bessemer Group Inc. now owns 208,088 shares of the auto parts company’s stock valued at $7,002,000 after buying an additional 63,879 shares during the last quarter. SG Americas Securities LLC raised its stake in Dana by 1,341.4% in the first quarter. SG Americas Securities LLC now owns 690,454 shares of the auto parts company’s stock valued at $23,234,000 after buying an additional 642,552 shares during the last quarter. Finally, Tudor Investment Corp ET AL increased its holdings in shares of Dana by 28.4% in the fourth quarter. Tudor Investment Corp ET AL now owns 273,631 shares of the auto parts company’s stock valued at $6,501,000 after purchasing an additional 60,487 shares during the period. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

Dana Company Profile

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.