Dana (NYSE:DAN) Upgraded to “B-” at TheStreet

TheStreet upgraded shares of Dana (NYSE:DAN) from a c rating to a b- rating in a report issued on Thursday, TheStreetRatingsTable reports.

Several other research analysts have also commented on DAN. Zacks Investment Research lowered shares of Dana from a hold rating to a sell rating in a research note on Tuesday, October 8th. Barclays dropped their price target on shares of Dana from $24.00 to $22.00 and set an overweight rating on the stock in a research note on Thursday, September 12th. KeyCorp dropped their price target on shares of Dana from $22.00 to $20.00 and set an overweight rating on the stock in a research note on Thursday, September 12th. UBS Group dropped their price target on shares of Dana from $22.00 to $21.00 and set a buy rating on the stock in a research note on Thursday, September 12th. Finally, Bank of America upgraded shares of Dana from a neutral rating to a buy rating in a research note on Friday, September 13th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company’s stock. Dana presently has an average rating of Hold and an average target price of $20.75.

Shares of DAN traded down $0.01 during mid-day trading on Thursday, hitting $17.82. 1,300,322 shares of the company’s stock were exchanged, compared to its average volume of 1,786,230. The firm has a fifty day moving average of $15.32 and a two-hundred day moving average of $16.13. Dana has a twelve month low of $11.57 and a twelve month high of $20.96. The stock has a market cap of $2.50 billion, a price-to-earnings ratio of 6.00, a P/E/G ratio of 1.76 and a beta of 2.23. The company has a quick ratio of 1.03, a current ratio of 1.64 and a debt-to-equity ratio of 1.32.

Dana (NYSE:DAN) last announced its quarterly earnings results on Wednesday, October 30th. The auto parts company reported $0.74 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.01. Dana had a net margin of 2.80% and a return on equity of 26.97%. The company had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same quarter in the prior year, the business posted $0.77 EPS. Dana’s quarterly revenue was up 9.4% on a year-over-year basis. On average, equities analysts predict that Dana will post 3.09 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 8th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.24%. The ex-dividend date is Thursday, November 7th. Dana’s dividend payout ratio is currently 13.47%.

In related news, insider Dwayne Matthews sold 35,000 shares of the company’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $17.70, for a total transaction of $619,500.00. Following the completion of the sale, the insider now directly owns 105,564 shares of the company’s stock, valued at approximately $1,868,482.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Mark E. Wallace sold 44,570 shares of the stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $13.41, for a total transaction of $597,683.70. Following the completion of the sale, the executive vice president now directly owns 145,431 shares of the company’s stock, valued at $1,950,229.71. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 122,421 shares of company stock valued at $1,965,648. 0.75% of the stock is owned by insiders.

A number of institutional investors have recently modified their holdings of the business. BlackRock Inc. boosted its holdings in Dana by 5.0% in the 2nd quarter. BlackRock Inc. now owns 19,040,843 shares of the auto parts company’s stock valued at $379,673,000 after purchasing an additional 906,329 shares during the period. Wedge Capital Management L L P NC lifted its holdings in shares of Dana by 9.3% during the 3rd quarter. Wedge Capital Management L L P NC now owns 6,102,139 shares of the auto parts company’s stock worth $88,115,000 after acquiring an additional 519,137 shares during the period. Invesco Ltd. lifted its holdings in shares of Dana by 15.4% during the 2nd quarter. Invesco Ltd. now owns 3,978,035 shares of the auto parts company’s stock worth $79,323,000 after acquiring an additional 530,630 shares during the period. Northern Trust Corp lifted its holdings in shares of Dana by 8.8% during the 2nd quarter. Northern Trust Corp now owns 3,330,635 shares of the auto parts company’s stock worth $66,414,000 after acquiring an additional 270,555 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Dana by 9.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,097,661 shares of the auto parts company’s stock worth $61,767,000 after acquiring an additional 273,385 shares during the period. 94.84% of the stock is owned by hedge funds and other institutional investors.

About Dana

Dana Incorporated provides drive and motion products, sealing solutions, thermal-management technologies, and fluid-power products to vehicle and engine manufacturer in North America, Europe, South America, and the Asia Pacific. The company operates in four segments: Light Vehicle Driveline Technologies, Commercial Vehicle Driveline Technologies, Off-Highway Drive and Motion Technologies, and Power Technologies.

Featured Article: How does a reverse stock split work?

Analyst Recommendations for Dana (NYSE:DAN)

Receive News & Ratings for Dana Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dana and related companies with MarketBeat.com's FREE daily email newsletter.