Dana Incorporated (NYSE:DAN) Given Consensus Recommendation of “Hold” by Analysts

Shares of Dana Incorporated (NYSE:DAN) have received a consensus recommendation of “Hold” from the nine brokerages that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $38.3333.

A number of brokerages have recently issued reports on DAN. Barclays lowered shares of Dana from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $41.00 to $33.00 in a research note on Thursday, July 2nd. Royal Bank Of Canada reiterated an “outperform” rating and set a $41.00 price objective on shares of Dana in a report on Friday, June 12th. JPMorgan Chase & Co. boosted their price objective on shares of Dana from $39.00 to $45.00 and gave the company an “overweight” rating in a research report on Thursday, April 23rd. Weiss Ratings upgraded shares of Dana from a “hold (c-)” rating to a “buy (b-)” rating in a research note on Monday, May 18th. Finally, Wells Fargo & Company reduced their target price on shares of Dana from $36.00 to $33.00 and set an “equal weight” rating on the stock in a research report on Friday, June 12th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Loomis Sayles & Co. L P raised its position in Dana by 61.2% during the 4th 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 purchasing an additional 604,246 shares in the last quarter. Russell Investments Group Ltd. grew its position in shares of Dana by 3.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 927,987 shares of the auto parts company’s stock worth $18,597,000 after buying an additional 27,712 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of Dana by 1,341.4% during 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 period. Tudor Investment Corp ET AL increased its stake in shares of Dana by 28.4% during 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 buying an additional 60,487 shares during the period. Finally, Bessemer Group Inc. raised its holdings in shares of 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 acquiring an additional 63,879 shares in the last quarter. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

Dana Trading Down 2.2%

Shares of DAN stock traded down $0.57 on Thursday, reaching $25.56. 80,227 shares of the company’s stock were exchanged, compared to its average volume of 1,509,531. The company’s fifty day simple moving average is $32.72 and its 200 day simple moving average is $31.67. Dana has a 52 week low of $15.31 and a 52 week high of $39.56. The company has a current ratio of 1.57, a quick ratio of 1.09 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $2.77 billion, a PE ratio of 2.49 and a beta of 1.99.

Dana (NYSE:DAN) last announced 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 net margin of 15.12% and a return on equity of 3.56%. The business had revenue of $1.87 billion during the quarter. As a group, analysts forecast that Dana will post 2.26 EPS for the current year.

Dana Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 8th were issued a $0.12 dividend. The ex-dividend date was Friday, May 8th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.9%. Dana’s 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.