Dana Incorporated (NYSE:DAN) Given Average Rating of “Moderate Buy” by Analysts

Dana Incorporated (NYSE:DAN) has earned an average recommendation of “Moderate Buy” from the seven research firms that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $18.57.

Several research firms recently issued reports on DAN. Wall Street Zen raised Dana from a “hold” rating to a “buy” rating in a research report on Thursday, May 22nd. UBS Group boosted their target price on shares of Dana from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, May 1st. Royal Bank of Canada raised shares of Dana from a “hold” rating to a “moderate buy” rating and increased their target price for the stock from $14.00 to $20.00 in a report on Thursday, May 22nd. Wells Fargo & Company lifted their price target on shares of Dana from $12.00 to $15.00 and gave the company an “equal weight” rating in a report on Monday, May 19th. Finally, Barclays boosted their price objective on shares of Dana from $17.00 to $20.00 and gave the company an “overweight” rating in a research report on Friday, May 2nd.

Dana Price Performance

DAN opened at $17.24 on Wednesday. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.86 and a current ratio of 1.45. Dana has a 1-year low of $7.58 and a 1-year high of $17.25. The company has a 50-day moving average of $13.65 and a 200-day moving average of $13.18. The company has a market capitalization of $2.51 billion, a P/E ratio of -44.20, a PEG ratio of 0.72 and a beta of 2.07.

Dana (NYSE:DAN) last announced its quarterly earnings data on Wednesday, April 30th. The auto parts company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.04). Dana had a negative net margin of 0.55% and a positive return on equity of 6.70%. The firm had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same period in the prior year, the firm earned $0.02 earnings per share. The firm’s quarterly revenue was down 14.0% compared to the same quarter last year. Equities analysts expect that Dana will post 1.5 EPS for the current fiscal year.

Dana Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, May 31st. Investors of record on Saturday, May 10th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.32%. Dana’s dividend payout ratio (DPR) is presently -166.67%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Yousif Capital Management LLC increased its stake in shares of Dana by 2.0% in the fourth quarter. Yousif Capital Management LLC now owns 56,818 shares of the auto parts company’s stock valued at $657,000 after purchasing an additional 1,130 shares during the period. SG Americas Securities LLC grew its holdings in Dana by 3.8% in the 1st quarter. SG Americas Securities LLC now owns 44,968 shares of the auto parts company’s stock worth $599,000 after buying an additional 1,662 shares in the last quarter. State of Tennessee Department of Treasury increased its position in Dana by 6.6% in the 4th quarter. State of Tennessee Department of Treasury now owns 54,271 shares of the auto parts company’s stock valued at $627,000 after acquiring an additional 3,368 shares during the period. Sterling Capital Management LLC raised its stake in Dana by 829.3% during the 4th quarter. Sterling Capital Management LLC now owns 4,182 shares of the auto parts company’s stock valued at $48,000 after acquiring an additional 3,732 shares in the last quarter. Finally, MetLife Investment Management LLC raised its stake in Dana by 6.1% during the 4th quarter. MetLife Investment Management LLC now owns 79,026 shares of the auto parts company’s stock valued at $914,000 after acquiring an additional 4,531 shares in the last quarter. 96.79% of the stock is owned by institutional investors and hedge funds.

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.