Dana Incorporated (NYSE:DAN) Receives Average Rating of “Moderate Buy” from Brokerages

Dana Incorporated (NYSE:DAN) has received an average rating of “Moderate Buy” from the nine research firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and six have given a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $21.8571.

Several brokerages recently weighed in on DAN. Wells Fargo & Company decreased their target price on Dana from $22.00 to $21.00 and set an “equal weight” rating for the company in a research note on Friday. UBS Group reaffirmed a “buy” rating and issued a $23.00 price target (up previously from $22.00) on shares of Dana in a report on Monday, July 14th. JPMorgan Chase & Co. cut their price target on Dana from $24.00 to $23.00 and set an “overweight” rating for the company in a report on Monday, July 21st. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Dana in a report on Saturday, September 27th. Finally, Royal Bank Of Canada upped their price target on Dana from $24.00 to $26.00 and gave the company an “outperform” rating in a report on Tuesday, September 2nd.

Insider Buying and Selling

In other Dana news, CAO James D. Kellett sold 11,728 shares of the company’s stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $18.65, for a total value of $218,727.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.46% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Dana

A number of hedge funds have recently modified their holdings of the stock. FNY Investment Advisers LLC acquired a new position in shares of Dana in the 2nd quarter worth approximately $25,000. SG Americas Securities LLC raised its holdings in shares of Dana by 3.8% in the 1st quarter. SG Americas Securities LLC now owns 44,968 shares of the auto parts company’s stock worth $599,000 after buying an additional 1,662 shares in the last quarter. State of Tennessee Department of Treasury raised its holdings in shares of Dana by 10.7% in the 2nd quarter. State of Tennessee Department of Treasury now owns 55,842 shares of the auto parts company’s stock worth $958,000 after buying an additional 5,405 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of Dana by 2.2% in the 2nd quarter. Rhumbline Advisers now owns 401,017 shares of the auto parts company’s stock worth $6,877,000 after buying an additional 8,787 shares in the last quarter. Finally, Captrust Financial Advisors acquired a new position in shares of Dana in the 2nd quarter worth approximately $176,000. 96.79% of the stock is owned by institutional investors and hedge funds.

Dana Price Performance

Shares of NYSE:DAN opened at $19.54 on Tuesday. The business has a 50 day moving average price of $19.32 and a 200 day moving average price of $16.66. Dana has a twelve month low of $7.58 and a twelve month high of $21.40. The company has a market cap of $2.56 billion, a price-to-earnings ratio of -122.13, a PEG ratio of 1.85 and a beta of 2.09. The company has a quick ratio of 1.00, a current ratio of 1.36 and a debt-to-equity ratio of 2.02.

Dana (NYSE:DAN) last announced its earnings results on Monday, August 11th. The auto parts company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.35). Dana had a negative net margin of 0.26% and a positive return on equity of 5.65%. The business had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter in the previous year, the company earned $0.31 EPS. Dana’s revenue for the quarter was down 5.5% compared to the same quarter last year. Research analysts predict that Dana will post 1.5 earnings per share for the current year.

Dana Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 8th were issued a $0.10 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $0.40 annualized dividend and a yield of 2.0%. Dana’s dividend payout ratio is -250.00%.

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.