Brokerages Set Dana Incorporated (NYSE:DAN) Price Target at $37.00

Shares of Dana Incorporated (NYSE:DAN) have been assigned a consensus recommendation of “Hold” from the nine brokerages that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and four have given 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 $37.00.

DAN has been the topic of a number of recent research reports. Weiss Ratings cut Dana from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, July 6th. Deutsche Bank Aktiengesellschaft decreased their price objective on Dana from $40.00 to $39.00 and set a “buy” rating for the company in a report on Tuesday, July 7th. Wells Fargo & Company lowered their price objective on Dana from $36.00 to $33.00 and set an “equal weight” rating on the stock in a research note on Friday, June 12th. JPMorgan Chase & Co. upped their price objective on shares of Dana from $39.00 to $45.00 and gave the company an “overweight” rating in a report on Thursday, April 23rd. Finally, Royal Bank Of Canada cut their target price on shares of Dana from $41.00 to $33.00 and set an “outperform” rating for the company in a research report on Monday, July 13th.

Dana Trading Down 2.1%

NYSE:DAN opened at $26.82 on Monday. The company has a current ratio of 1.57, a quick ratio of 1.09 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $2.90 billion, a PE ratio of 2.61 and a beta of 1.99. The firm’s 50 day moving average is $29.96 and its 200 day moving average is $31.98. Dana has a 12 month low of $15.31 and a 12 month high of $39.56.

Dana (NYSE:DAN) last announced its quarterly earnings data on Friday, May 15th. The auto parts company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.18). Dana had a net margin of 15.12% and a return on equity of 3.56%. The firm had revenue of $1.87 billion for the quarter. Sell-side analysts expect that Dana will post 2.07 earnings per share for the current year.

Dana Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 7th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Friday, August 7th. Dana’s dividend payout ratio is presently 4.66%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of DAN. Parallel Advisors LLC grew its stake in Dana by 105.2% in the 1st quarter. Parallel Advisors LLC now owns 1,925 shares of the auto parts company’s stock valued at $65,000 after buying an additional 987 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Dana by 42.2% during the first quarter. EverSource Wealth Advisors LLC now owns 2,247 shares of the auto parts company’s stock worth $76,000 after acquiring an additional 667 shares in the last quarter. Bessemer Group Inc. lifted its position in shares of Dana by 44.3% during the first quarter. Bessemer Group Inc. now owns 208,088 shares of the auto parts company’s stock worth $7,002,000 after acquiring an additional 63,879 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of Dana by 1,341.4% in the first quarter. SG Americas Securities LLC now owns 690,454 shares of the auto parts company’s stock worth $23,234,000 after acquiring an additional 642,552 shares during the period. Finally, Tudor Investment Corp ET AL boosted its holdings in shares of Dana by 28.4% in the fourth quarter. Tudor Investment Corp ET AL now owns 273,631 shares of the auto parts company’s stock worth $6,501,000 after acquiring an additional 60,487 shares during the period. 96.79% of the stock is owned by institutional investors.

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.