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

Shares of Dana Incorporated (NYSE:DAN) have received a consensus recommendation of “Moderate Buy” from the nine analysts that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $35.1667.

DAN has been the topic of several recent analyst reports. Zacks Research upgraded shares of Dana from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 22nd. Wells Fargo & Company lifted their price target on Dana from $30.00 to $35.00 and gave the stock an “equal weight” rating in a report on Thursday, February 19th. UBS Group upped their price objective on Dana from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, February 19th. Royal Bank Of Canada lifted their target price on Dana from $32.00 to $40.00 and gave the stock an “outperform” rating in a research note on Thursday, February 19th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $36.00 target price on shares of Dana in a report on Thursday, January 22nd.

Institutional Trading of Dana

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Loomis Sayles & Co. L P raised its holdings in Dana by 61.2% in the 4th quarter. Loomis Sayles & Co. L P now owns 1,591,768 shares of the auto parts company’s stock valued at $37,820,000 after acquiring an additional 604,246 shares during the period. Russell Investments Group Ltd. increased its stake in shares of Dana by 3.1% during the third quarter. Russell Investments Group Ltd. now owns 927,987 shares of the auto parts company’s stock worth $18,597,000 after purchasing an additional 27,712 shares during the period. Rhumbline Advisers increased its stake in shares of Dana by 2.2% during the second quarter. Rhumbline Advisers now owns 401,017 shares of the auto parts company’s stock worth $6,877,000 after purchasing an additional 8,787 shares during the period. Tudor Investment Corp ET AL lifted its holdings in Dana by 28.4% during the 4th quarter. Tudor Investment Corp ET AL now owns 273,631 shares of the auto parts company’s stock worth $6,501,000 after purchasing an additional 60,487 shares during the last quarter. Finally, Segall Bryant & Hamill LLC boosted its stake in Dana by 6.8% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 207,608 shares of the auto parts company’s stock valued at $4,160,000 after purchasing an additional 13,270 shares during the period. Institutional investors own 96.79% of the company’s stock.

Dana Stock Down 2.5%

NYSE:DAN opened at $34.88 on Friday. The firm has a market capitalization of $4.08 billion, a price-to-earnings ratio of 77.51, a price-to-earnings-growth ratio of 1.28 and a beta of 2.14. The company has a quick ratio of 0.96, a current ratio of 1.31 and a debt-to-equity ratio of 2.23. Dana has a twelve month low of $10.11 and a twelve month high of $36.28. The stock’s 50 day moving average price is $29.03 and its two-hundred day moving average price is $23.44.

Dana Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, February 27th will be issued a $0.12 dividend. This is an increase from Dana’s previous quarterly dividend of $0.10. This represents a $0.48 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, February 27th. Dana’s dividend payout ratio is presently 88.89%.

Dana Company Profile

Dana Incorporated is a global leader in the design and manufacture of drivetrain, sealing, and thermal-management technologies for the automotive, commercial vehicle, off-highway and industrial markets. The company’s product portfolio includes axles, driveshafts, transmissions, e-Propulsion systems and thermal-management assemblies that help improve fuel efficiency, reduce emissions and enhance vehicle performance. Dana’s expertise spans internal combustion and electrified powertrains, positioning it to support both traditional and next-generation mobility solutions.

Founded in 1904 by Clarence W.