Dana (NYSE:DAN) Downgraded to Hold Rating by Wall Street Zen

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

Several other analysts have also recently weighed in on DAN. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $36.00 price objective on shares of Dana in a report on Thursday, January 22nd. Barclays raised 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. 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 report on Thursday, February 19th. Zacks Research upgraded shares of Dana from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 22nd. Finally, Weiss Ratings raised shares of Dana from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $35.17.

Dana Stock Down 1.7%

Shares of DAN opened at $31.32 on Friday. The business’s fifty day moving average price is $31.63 and its two-hundred day moving average price is $24.99. The firm has a market capitalization of $3.43 billion, a price-to-earnings ratio of 54.95 and a beta of 2.08. Dana has a 52 week low of $10.11 and a 52 week high of $36.28. The company has a debt-to-equity ratio of 2.85, a quick ratio of 0.86 and a current ratio of 1.17.

Dana Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Friday, February 27th were given a $0.12 dividend. The ex-dividend date was Friday, February 27th. This represents a $0.48 annualized dividend and a dividend yield of 1.5%. This is a boost from Dana’s previous quarterly dividend of $0.10. Dana’s payout ratio is presently 84.21%.

Institutional Trading of Dana

Several hedge funds have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC lifted its stake in Dana by 39.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,580 shares of the auto parts company’s stock valued at $38,000 after buying an additional 445 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Dana by 11.3% during the fourth 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. Captrust Financial Advisors bought a new position in shares of Dana during the second quarter worth about $176,000. Catalyst Funds Management Pty Ltd acquired a new stake in Dana in the 4th quarter valued at approximately $309,000. Finally, SG Americas Securities LLC acquired a new stake in Dana in the 3rd quarter valued at approximately $488,000. 96.79% of the stock is currently owned by institutional investors and hedge funds.

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.