Dana (NYSE:DAN) Stock Price Down 10.4%

Dana Incorporated (NYSE:DANGet 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.

Dana (NYSE:DANGet Rating) last announced its earnings results on Wednesday, April 27th. The auto parts company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. The business had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.24 billion. Dana had a net margin of 1.56% and a return on equity of 8.65%. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.66 EPS. As a group, equities research analysts anticipate that Dana Incorporated will post 1.29 EPS for the current year.

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.

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