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

Shares of Dana Incorporated (NYSE:DAN) have earned an average recommendation of “Hold” from the seven research firms that are covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $14.67.

Several equities analysts recently weighed in on the stock. Wells Fargo & Company raised their price target on shares of Dana from $12.00 to $13.00 and gave the company an “equal weight” rating in a research report on Thursday, August 1st. JPMorgan Chase & Co. dropped their target price on Dana from $18.00 to $17.00 and set an “overweight” rating on the stock in a report on Monday, July 22nd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $12.00 price target on shares of Dana in a report on Tuesday, September 10th. Barclays raised their price objective on Dana from $15.00 to $16.00 and gave the company an “equal weight” rating in a research note on Friday, August 2nd. Finally, StockNews.com lowered shares of Dana from a “buy” rating to a “hold” rating in a research note on Tuesday, September 10th.

Institutional Investors Weigh In On Dana

Several large investors have recently made changes to their positions in DAN. SG Americas Securities LLC bought a new position in Dana during the second quarter valued at about $388,000. Rhumbline Advisers boosted its stake in Dana by 1.3% in the second quarter. Rhumbline Advisers now owns 426,586 shares of the auto parts company’s stock valued at $5,170,000 after acquiring an additional 5,468 shares during the last quarter. Finally, Cibc World Markets Corp grew its position in shares of Dana by 46.0% during the 4th quarter. Cibc World Markets Corp now owns 1,190,000 shares of the auto parts company’s stock valued at $17,386,000 after acquiring an additional 375,000 shares during the period. 96.79% of the stock is owned by hedge funds and other institutional investors.

Dana Trading Up 2.8 %

Shares of Dana stock opened at $10.45 on Friday. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.90 and a current ratio of 1.48. Dana has a 52 week low of $9.16 and a 52 week high of $15.45. The stock has a 50 day moving average price of $11.01 and a two-hundred day moving average price of $12.13. The stock has a market capitalization of $1.51 billion, a PE ratio of 116.06, a price-to-earnings-growth ratio of 0.49 and a beta of 2.29.

Dana (NYSE:DAN) last posted its quarterly earnings results on Wednesday, July 31st. The auto parts company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.07. Dana had a negative net margin of 0.01% and a positive return on equity of 4.98%. The business had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.76 billion. During the same quarter last year, the firm posted $0.37 EPS. Dana’s revenue was down .4% compared to the same quarter last year. As a group, equities analysts anticipate that Dana will post 0.98 earnings per share for the current fiscal year.

Dana Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 9th were paid a $0.10 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $0.40 dividend on an annualized basis and a yield of 3.83%. Dana’s dividend payout ratio (DPR) is presently 444.44%.

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.