Dana Incorporated (NYSE:DAN) Receives Consensus Rating of “Hold” from Analysts

Shares of Dana Incorporated (NYSE:DAN) have earned an average recommendation of “Hold” from the six analysts that are currently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $16.43.

A number of research firms have recently weighed in on DAN. JPMorgan Chase & Co. reduced their price target on shares of Dana from $19.00 to $18.00 and set an “overweight” rating on the stock in a research note on Monday, February 26th. Barclays reduced their price target on shares of Dana from $16.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 28th. Finally, Wells Fargo & Company reduced their price target on shares of Dana from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 21st.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in DAN. Cibc World Markets Corp raised its holdings in Dana by 46.0% in the 4th quarter. Cibc World Markets Corp now owns 1,190,000 shares of the auto parts company’s stock valued at $17,386,000 after buying an additional 375,000 shares during the last quarter. Knights of Columbus Asset Advisors LLC raised its holdings in Dana by 164.0% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 284,582 shares of the auto parts company’s stock worth $4,158,000 after purchasing an additional 176,778 shares during the last quarter. Neo Ivy Capital Management bought a new position in Dana during the 3rd quarter worth approximately $1,602,000. Great Lakes Advisors LLC raised its holdings in Dana by 89.5% during the 4th quarter. Great Lakes Advisors LLC now owns 126,015 shares of the auto parts company’s stock worth $1,841,000 after purchasing an additional 59,502 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in Dana during the 3rd quarter worth approximately $567,000. Institutional investors own 96.79% of the company’s stock.

Dana Trading Up 1.4 %

Shares of Dana stock opened at $12.32 on Tuesday. The company has a market capitalization of $1.79 billion, a price-to-earnings ratio of 47.38, a PEG ratio of 0.35 and a beta of 2.49. The company has a quick ratio of 0.93, a current ratio of 1.58 and a debt-to-equity ratio of 1.59. Dana has a 12-month low of $11.10 and a 12-month high of $19.75. The firm’s 50-day moving average price is $12.42 and its two-hundred day moving average price is $13.02.

Dana (NYSE:DAN) last posted its quarterly earnings results on Tuesday, February 20th. The auto parts company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.06). Dana had a net margin of 0.36% and a return on equity of 7.37%. The company had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.58 billion. During the same quarter in the previous year, the business posted ($0.10) earnings per share. The company’s revenue for the quarter was down 2.4% on a year-over-year basis. On average, analysts forecast that Dana will post 0.99 earnings per share for the current fiscal year.

Dana Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 1st were issued a $0.10 dividend. The ex-dividend date was Thursday, February 29th. This represents a $0.40 dividend on an annualized basis and a yield of 3.25%. Dana’s dividend payout ratio (DPR) is presently 153.85%.

About Dana

Dana Incorporated, together with its subsidiaries, provides power-conveyance and energy-management solutions for vehicles and machinery in North America, Europe, South America, and the Asia Pacific. The company operates through four segments: Light Vehicle Drive Systems, Commercial Vehicle Drive and Motion Systems, Off-Highway Drive and Motion Systems, and Power Technologies.