Dana Incorporated (NYSE:DAN) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Dana Incorporated (NYSE:DAN) have been assigned a consensus rating of “Hold” from the six brokerages that are currently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $16.43.

Several research analysts have issued reports on DAN shares. JPMorgan Chase & Co. dropped their price objective on Dana from $19.00 to $18.00 and set an “overweight” rating for the company in a research note on Monday, February 26th. Barclays dropped their target price on shares of Dana from $16.00 to $15.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 28th. Finally, Wells Fargo & Company reduced their price target on shares of Dana from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 21st.

Dana Trading Up 2.0 %

Shares of DAN stock opened at $12.48 on Tuesday. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.93 and a current ratio of 1.58. The firm has a fifty day moving average of $12.34 and a 200-day moving average of $12.99. Dana has a 52-week low of $11.10 and a 52-week high of $19.75. The stock has a market cap of $1.81 billion, a price-to-earnings ratio of 48.00, a P/E/G ratio of 0.35 and a beta of 2.49.

Dana (NYSE:DAN) last posted its quarterly earnings results on Tuesday, February 20th. The auto parts company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.06). The business had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.58 billion. Dana had a return on equity of 7.37% and a net margin of 0.36%. The business’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same period last year, the company earned ($0.10) EPS. On average, equities research analysts forecast that Dana will post 0.99 earnings per share for the current fiscal year.

Dana Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 10th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 3.21%. The ex-dividend date is Thursday, May 9th. Dana’s payout ratio is presently 153.85%.

Hedge Funds Weigh In On Dana

Large investors have recently modified their holdings of the stock. Handelsbanken Fonder AB raised its position in Dana by 71.5% in the 4th quarter. Handelsbanken Fonder AB now owns 35,490 shares of the auto parts company’s stock worth $519,000 after purchasing an additional 14,800 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Dana during the 3rd quarter valued at $567,000. Strs Ohio lifted its stake in shares of Dana by 1.6% in the 3rd quarter. Strs Ohio now owns 58,000 shares of the auto parts company’s stock valued at $850,000 after purchasing an additional 900 shares during the period. Great Lakes Advisors LLC boosted its position in shares of Dana by 93.6% in the 3rd quarter. Great Lakes Advisors LLC now owns 66,513 shares of the auto parts company’s stock worth $976,000 after purchasing an additional 32,163 shares during the last quarter. Finally, Neo Ivy Capital Management acquired a new stake in shares of Dana during the third quarter worth $1,602,000. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Dana Company Profile

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.