Dana (NYSE:DAN) Rating Lowered to Hold at StockNews.com

Dana (NYSE:DAN) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.

Several other research firms have also weighed in on DAN. Wells Fargo & Company lifted their price objective on shares of Dana from $15.00 to $18.00 in a research note on Monday, July 10th. UBS Group initiated coverage on shares of Dana in a research report on Tuesday. They set a “neutral” rating and a $17.00 price objective on the stock. Royal Bank of Canada upped their price target on Dana from $16.00 to $19.00 and gave the stock a “sector perform” rating in a research note on Monday, July 31st. Barclays raised their price objective on Dana from $19.00 to $21.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 1st. Finally, JPMorgan Chase & Co. upped their target price on Dana from $19.00 to $21.00 and gave the stock an “overweight” rating in a research report on Thursday, July 20th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $18.67.

Dana Trading Down 0.5 %

NYSE:DAN opened at $15.25 on Thursday. Dana has a 52 week low of $11.17 and a 52 week high of $19.75. The firm’s fifty day moving average is $17.01 and its 200-day moving average is $15.54. The firm has a market cap of $2.20 billion, a P/E ratio of -10.45 and a beta of 2.48. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.96 and a current ratio of 1.59.

Dana (NYSE:DAN) last issued its quarterly earnings results on Friday, July 28th. The auto parts company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.21. The business had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.71 billion. Dana had a negative net margin of 1.99% and a positive return on equity of 6.59%. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.08 earnings per share. Equities analysts expect that Dana will post 0.92 earnings per share for the current year.

Insider Buying and Selling

In other Dana news, EVP Aziz Aghili sold 30,000 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $19.19, for a total transaction of $575,700.00. Following the transaction, the executive vice president now directly owns 14,975 shares in the company, valued at approximately $287,370.25. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Dana news, EVP Aziz Aghili sold 30,000 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $19.19, for a total value of $575,700.00. Following the completion of the sale, the executive vice president now directly owns 14,975 shares of the company’s stock, valued at approximately $287,370.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO James D. Kellett sold 14,437 shares of Dana stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $19.08, for a total transaction of $275,457.96. Following the transaction, the chief accounting officer now directly owns 6,279 shares in the company, valued at approximately $119,803.32. The disclosure for this sale can be found here. 0.71% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Versant Capital Management Inc purchased a new position in shares of Dana in the 2nd quarter worth about $26,000. Captrust Financial Advisors grew its position in shares of Dana by 121.5% during the 2nd quarter. Captrust Financial Advisors now owns 5,502 shares of the auto parts company’s stock valued at $77,000 after acquiring an additional 3,018 shares during the period. Essex Investment Management Co. LLC grew its position in shares of Dana by 15.7% during the 1st quarter. Essex Investment Management Co. LLC now owns 7,866 shares of the auto parts company’s stock valued at $118,000 after acquiring an additional 1,068 shares during the period. Cornerstone Investment Partners LLC purchased a new stake in shares of Dana during the 2nd quarter worth approximately $189,000. Finally, CIBC Private Wealth Group LLC bought a new stake in shares of Dana in the 4th quarter worth approximately $257,000. Institutional investors own 96.60% of the company’s stock.

Dana Company Profile

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.