Dana (NYSE:DAN) Cut to “Hold” at Zacks Research

Zacks Research lowered shares of Dana (NYSE:DAN) from a strong-buy rating to a hold rating in a research note released on Tuesday morning,Zacks.com reports.

A number of other research analysts also recently issued reports on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $36.00 price target on shares of Dana in a report on Thursday, January 22nd. Wall Street Zen lowered Dana from a “buy” rating to a “hold” rating in a research report on Sunday, April 19th. Weiss Ratings raised shares of Dana from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, March 19th. Royal Bank Of Canada lifted their price target on shares of Dana from $32.00 to $40.00 and gave the stock an “outperform” rating in a research note on Thursday, February 19th. Finally, Barclays boosted their price objective on shares of Dana from $32.00 to $41.00 and gave the company an “overweight” rating in a report on Monday, March 30th. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.83.

Dana Price Performance

Shares of NYSE DAN opened at $38.37 on Tuesday. The firm has a market cap of $4.20 billion, a P/E ratio of 67.31 and a beta of 2.05. Dana has a twelve month low of $11.98 and a twelve month high of $38.75. The company has a quick ratio of 0.86, a current ratio of 1.17 and a debt-to-equity ratio of 2.85. The company has a 50 day moving average of $34.14 and a 200 day moving average of $27.36.

Dana (NYSE:DAN) last issued its earnings results on Friday, February 27th. The auto parts company reported $0.85 EPS for the quarter. The business had revenue of $1.87 billion for the quarter. Dana had a negative return on equity of 3.06% and a net margin of 1.13%. As a group, research analysts expect that Dana will post 2.66 EPS for the current fiscal year.

Dana Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 8th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Friday, May 8th. Dana’s dividend payout ratio (DPR) is presently 84.21%.

Institutional Investors Weigh In On Dana

Hedge funds and other institutional investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC boosted its holdings in shares of Dana by 39.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,580 shares of the auto parts company’s stock worth $38,000 after buying an additional 445 shares during the last quarter. GAMMA Investing LLC increased its holdings in Dana by 11.3% during the fourth quarter. GAMMA Investing LLC now owns 4,315 shares of the auto parts company’s stock valued at $103,000 after buying an additional 439 shares during the last quarter. Captrust Financial Advisors purchased a new stake in Dana during the second quarter valued at approximately $176,000. Catalyst Funds Management Pty Ltd bought a new position in Dana in the fourth quarter worth approximately $309,000. Finally, SG Americas Securities LLC bought a new position in Dana in the third quarter worth approximately $488,000. Hedge funds and other institutional investors own 96.79% of the company’s stock.

About Dana

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.