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

Shares of Dana Incorporated (NYSE:DAN) have been assigned an average recommendation of “Moderate Buy” from the nine research firms that are currently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned 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.

A number of equities research analysts recently commented on DAN shares. Weiss Ratings raised shares of Dana from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday. Wall Street Zen lowered shares of Dana from a “buy” rating to a “hold” rating in a report on Sunday. UBS Group upped their price target on Dana from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, February 19th. Wells Fargo & Company increased their price objective on Dana from $30.00 to $35.00 and gave the company an “equal weight” rating in a report on Thursday, February 19th. Finally, Royal Bank Of Canada raised their price objective on Dana from $32.00 to $40.00 and gave the stock an “outperform” rating in a research report on Thursday, February 19th.

Institutional Investors Weigh In On Dana

A number of large investors have recently modified their holdings of DAN. Tudor Investment Corp ET AL raised its position in shares of Dana by 28.4% in the 4th quarter. Tudor Investment Corp ET AL now owns 273,631 shares of the auto parts company’s stock valued at $6,501,000 after purchasing an additional 60,487 shares during the last quarter. Loomis Sayles & Co. L P boosted its stake 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 worth $37,820,000 after purchasing an additional 604,246 shares in the last quarter. Catalyst Funds Management Pty Ltd purchased a new stake in Dana during the 4th quarter worth approximately $309,000. EverSource Wealth Advisors LLC increased its stake in Dana by 39.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,580 shares of the auto parts company’s stock valued at $38,000 after purchasing an additional 445 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in Dana by 96.7% during the 4th quarter. SG Americas Securities LLC now owns 47,902 shares of the auto parts company’s stock valued at $1,138,000 after purchasing an additional 23,549 shares in the last quarter. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Dana Stock Performance

Shares of Dana stock opened at $32.71 on Tuesday. The company has a market capitalization of $3.58 billion, a PE ratio of 57.38 and a beta of 2.08. The company has a 50-day simple moving average of $31.74 and a two-hundred day simple moving average of $25.08. Dana has a one year low of $10.11 and a one year high of $36.28. The company has a debt-to-equity ratio of 2.85, a quick ratio of 0.86 and a current ratio of 1.17.

Dana Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Friday, February 27th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.5%. This is a boost from Dana’s previous quarterly dividend of $0.10. The ex-dividend date was Friday, February 27th. Dana’s dividend payout ratio (DPR) is 84.21%.

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.