Dana Incorporated (NYSE:DAN – Get Rating) traded down 10.4% on Thursday . The company traded as low as $13.76 and last traded at $13.82. 17,066 shares changed hands during trading, a decline of 99% from the average session volume of 1,423,312 shares. The stock had previously closed at $15.43.
A number of equities research analysts have weighed in on the company. Exane BNP Paribas assumed coverage on Dana in a research report on Monday, April 11th. They set a “neutral” rating on the stock. BNP Paribas assumed coverage on Dana in a research report on Monday, April 11th. They set a “neutral” rating on the stock. Barclays lowered their price target on Dana from $18.00 to $16.00 in a research report on Thursday, April 28th. StockNews.com initiated coverage on Dana in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Wells Fargo & Company downgraded Dana from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $23.00 to $17.00 in a report on Tuesday, April 12th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $21.00.
The company has a market capitalization of $1.91 billion, a PE ratio of 13.46 and a beta of 2.30. The business’s fifty day moving average is $15.66 and its two-hundred day moving average is $19.04. The company has a current ratio of 1.52, a quick ratio of 0.90 and a debt-to-equity ratio of 1.20.
The business also recently announced a quarterly dividend, which was paid on Friday, May 27th. Shareholders of record on Friday, May 6th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, May 5th. This represents a $0.40 dividend on an annualized basis and a yield of 3.00%. Dana’s dividend payout ratio is presently 40.40%.
Several hedge funds have recently modified their holdings of DAN. Patriot Financial Group Insurance Agency LLC grew its position in shares of Dana by 331.3% during the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 1,311 shares of the auto parts company’s stock valued at $30,000 after acquiring an additional 1,007 shares during the period. Verity Asset Management Inc. bought a new stake in shares of Dana during the 1st quarter valued at $96,000. Crossmark Global Holdings Inc. boosted its holdings in Dana by 6.8% in the 1st quarter. Crossmark Global Holdings Inc. now owns 13,070 shares of the auto parts company’s stock worth $229,000 after buying an additional 830 shares during the period. Meritage Portfolio Management boosted its holdings in Dana by 5.4% in the 4th quarter. Meritage Portfolio Management now owns 10,070 shares of the auto parts company’s stock worth $230,000 after buying an additional 512 shares during the period. Finally, Keene & Associates Inc. boosted its holdings in Dana by 19.9% in the 1st quarter. Keene & Associates Inc. now owns 19,707 shares of the auto parts company’s stock worth $346,000 after buying an additional 3,267 shares during the period. 94.65% of the stock is owned by hedge funds and other institutional investors.
About Dana (NYSE:DAN)
Dana Incorporated provides power-conveyance and energy-management solutions for vehicles and machinery in North America, Europe, South America, and the Asia Pacific. It operates in four segments: Light Vehicle Drive Systems, Commercial Vehicle Drive and Motion Systems, Off-Highway Drive and Motion Systems, and Power Technologies.
- Get a free copy of the StockNews.com research report on Dana (DAN)
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