Dana (NYSE:DAN) Price Target Raised to $41.00 at Barclays

Dana (NYSE:DAN) had its target price increased by Barclays from $32.00 to $41.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have an overweight rating on the auto parts company’s stock.

A number of other analysts also recently weighed in on DAN. UBS Group increased their target price on shares of Dana from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, February 19th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $36.00 target price on shares of Dana in a report on Thursday, January 22nd. Royal Bank Of Canada boosted their price target on shares of Dana from $32.00 to $40.00 and gave the stock an “outperform” rating in a report on Thursday, February 19th. Zacks Research upgraded Dana from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 23rd. Finally, Wells Fargo & Company raised their price target on shares of Dana from $30.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.67.

Dana Trading Down 2.2%

Shares of DAN stock opened at $31.83 on Monday. The stock’s fifty day simple moving average is $32.28 and its 200 day simple moving average is $25.50. Dana has a twelve month low of $10.11 and a twelve month high of $36.28. 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 firm has a market capitalization of $3.49 billion, a P/E ratio of 55.84 and a beta of 2.08.

Dana (NYSE:DAN) last posted 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 net margin of 1.13% and a negative return on equity of 3.06%. As a group, sell-side analysts predict that Dana will post 1.5 EPS for the current fiscal year.

Dana Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Friday, February 27th were paid a $0.12 dividend. The ex-dividend date of this dividend was Friday, February 27th. This is a positive change from Dana’s previous quarterly dividend of $0.10. This represents a $0.48 annualized dividend and a dividend yield of 1.5%. Dana’s payout ratio is presently 84.21%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of DAN. Loomis Sayles & Co. L P raised its holdings in shares of Dana by 61.2% during the fourth 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 in the last quarter. 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 valued at $18,597,000 after purchasing an additional 27,712 shares in the last quarter. Rhumbline Advisers raised its stake in Dana by 2.2% during the second quarter. Rhumbline Advisers now owns 401,017 shares of the auto parts company’s stock valued at $6,877,000 after buying an additional 8,787 shares during the last quarter. 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 worth $6,501,000 after purchasing an additional 60,487 shares during the last quarter. Finally, Segall Bryant & Hamill LLC increased its position in shares of Dana by 6.8% during the third quarter. Segall Bryant & Hamill LLC now owns 207,608 shares of the auto parts company’s stock valued at $4,160,000 after acquiring an additional 13,270 shares in the last quarter. Hedge funds and other institutional investors own 96.79% of the company’s stock.

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.