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

Dana Incorporated (NYSE:DAN) has been given an average recommendation of “Moderate Buy” by the ten ratings firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $22.5714.

A number of brokerages recently issued reports on DAN. Zacks Research raised Dana from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 14th. UBS Group reaffirmed a “buy” rating and issued a $23.00 target price (up from $22.00) on shares of Dana in a research report on Monday, July 14th. Royal Bank Of Canada lifted their target price on Dana from $24.00 to $26.00 and gave the company an “outperform” rating in a research report on Tuesday, September 2nd. Barclays lifted their target price on Dana from $25.00 to $27.00 and gave the company an “overweight” rating in a research report on Friday, October 10th. Finally, JPMorgan Chase & Co. lifted their target price on Dana from $24.00 to $26.00 and gave the company an “overweight” rating in a research report on Monday, October 20th.

Insiders Place Their Bets

In other Dana news, CAO James D. Kellett sold 11,728 shares of Dana stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $18.65, for a total value of $218,727.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.46% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Dana

Several institutional investors have recently bought and sold shares of DAN. Cornerstone Investment Partners LLC acquired a new position in shares of Dana during the first quarter worth about $146,000. Segall Bryant & Hamill LLC acquired a new position in shares of Dana during the first quarter worth about $2,434,000. JB Capital Partners LP grew its position in shares of Dana by 1.1% during the first quarter. JB Capital Partners LP now owns 1,852,293 shares of the auto parts company’s stock worth $24,524,000 after buying an additional 20,000 shares in the last quarter. Jones Financial Companies Lllp grew its position in shares of Dana by 27,790.5% during the first quarter. Jones Financial Companies Lllp now owns 85,345 shares of the auto parts company’s stock worth $1,138,000 after buying an additional 85,039 shares in the last quarter. Finally, Great Lakes Advisors LLC grew its position in shares of Dana by 11.5% during the first quarter. Great Lakes Advisors LLC now owns 313,039 shares of the auto parts company’s stock worth $4,173,000 after buying an additional 32,241 shares in the last quarter. 96.79% of the stock is owned by institutional investors and hedge funds.

Dana Stock Up 0.1%

Shares of NYSE:DAN opened at $19.87 on Friday. The business has a 50-day moving average price of $19.81 and a 200 day moving average price of $17.19. 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 company has a market capitalization of $2.61 billion, a price-to-earnings ratio of -124.19, a PEG ratio of 1.36 and a beta of 2.09. Dana has a 12-month low of $7.58 and a 12-month high of $21.40.

Dana (NYSE:DAN) last issued its quarterly earnings data on Monday, August 11th. The auto parts company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.35). The business had revenue of $1.94 billion for the quarter, compared to analyst estimates 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 for the quarter was down 5.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.31 earnings per share. Sell-side analysts expect that Dana will post 1.5 EPS for the current year.

Dana Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, November 7th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Friday, November 7th. Dana’s payout ratio is currently -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.