Dana Incorporated (NYSE:DAN) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Dana Incorporated (NYSE:DAN) has been given an average rating of “Moderate Buy” by the eight research firms that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $22.00.

A number of equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Dana from $24.00 to $23.00 and set an “overweight” rating on the stock in a research note on Monday, July 21st. UBS Group restated a “buy” rating and set a $23.00 target price (up previously from $22.00) on shares of Dana in a report on Monday, July 14th. Royal Bank Of Canada lifted their price target on Dana from $24.00 to $26.00 and gave the company an “outperform” rating in a report on Tuesday, September 2nd. Barclays restated an “overweight” rating and set a $25.00 price objective (up from $20.00) on shares of Dana in a research note on Thursday, June 12th. Finally, Wells Fargo & Company raised their price objective on Dana from $19.00 to $22.00 and gave the company an “equal weight” rating in a research report on Thursday, September 25th.

Insider Activity at Dana

In related news, CAO James D. Kellett sold 11,728 shares of the stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $18.65, for a total transaction of $218,727.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.46% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Dana

A number of large investors have recently made changes to their positions in the business. GAMMA Investing LLC lifted its holdings in shares of Dana by 1,495.0% during the 1st quarter. GAMMA Investing LLC now owns 43,096 shares of the auto parts company’s stock valued at $574,000 after purchasing an additional 40,394 shares during the last quarter. SG Americas Securities LLC increased its position in Dana by 3.8% during the 1st quarter. SG Americas Securities LLC now owns 44,968 shares of the auto parts company’s stock valued at $599,000 after buying an additional 1,662 shares in the last quarter. JB Capital Partners LP raised its stake in Dana by 1.1% in the first quarter. JB Capital Partners LP now owns 1,852,293 shares of the auto parts company’s stock valued at $24,524,000 after buying an additional 20,000 shares during the last quarter. Great Lakes Advisors LLC boosted its holdings in Dana by 11.5% in the first quarter. Great Lakes Advisors LLC now owns 313,039 shares of the auto parts company’s stock worth $4,173,000 after acquiring an additional 32,241 shares in the last quarter. Finally, Segall Bryant & Hamill LLC acquired a new stake in Dana in the first quarter worth about $2,434,000. 96.79% of the stock is owned by institutional investors and hedge funds.

Dana Stock Performance

Shares of Dana stock opened at $19.91 on Tuesday. The company has a current ratio of 1.36, a quick ratio of 1.00 and a debt-to-equity ratio of 2.02. The stock’s fifty day moving average price is $18.96 and its 200-day moving average price is $16.47. The firm has a market cap of $2.61 billion, a P/E ratio of -124.44, a P/E/G ratio of 1.86 and a beta of 2.12. Dana has a 12 month low of $7.58 and a 12 month high of $21.40.

Dana (NYSE:DAN) last released its quarterly earnings data on Monday, August 11th. The auto parts company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.35). The business had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $2.55 billion. Dana had a positive return on equity of 5.65% and a negative net margin of 0.26%.The firm’s revenue was down 5.5% compared to the same quarter last year. During the same period last year, the company earned $0.31 earnings per share. On average, equities research analysts expect that Dana will post 1.5 earnings per share for the current fiscal year.

Dana Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 8th were given a $0.10 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.0%. Dana’s payout ratio is presently -250.00%.

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.