Dana Inc (DAN) Given Consensus Rating of “Buy” by Analysts
Shares of Dana Inc (NYSE:DAN) have received an average rating of “Buy” from the seven ratings firms that are currently covering the stock. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $21.40.
Several equities analysts recently commented on the stock. FBR & Co reaffirmed a “market perform” rating and set a $17.00 target price on shares of Dana in a report on Friday, February 10th. Zacks Investment Research lowered shares of Dana from a “hold” rating to a “sell” rating in a report on Wednesday, March 1st. TheStreet raised shares of Dana from a “c+” rating to a “b-” rating in a report on Thursday, February 9th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $23.00 target price (up previously from $22.00) on shares of Dana in a report on Wednesday, May 3rd.
In other Dana news, insider Dwayne Matthews sold 6,667 shares of the stock in a transaction on Thursday, May 4th. The shares were sold at an average price of $20.13, for a total transaction of $134,206.71. Following the completion of the sale, the insider now owns 49,422 shares of the company’s stock, valued at approximately $994,864.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Mark E. Wallace sold 83,984 shares of the stock in a transaction on Thursday, February 23rd. The shares were sold at an average price of $19.60, for a total transaction of $1,646,086.40. Following the sale, the executive vice president now directly owns 190,817 shares of the company’s stock, valued at approximately $3,740,013.20. The disclosure for this sale can be found here. Insiders have sold a total of 100,651 shares of company stock valued at $1,983,793 in the last three months. 0.80% of the stock is currently owned by corporate insiders.
A number of large investors have recently made changes to their positions in DAN. BlackRock Advisors LLC boosted its stake in shares of Dana by 10.2% in the third quarter. BlackRock Advisors LLC now owns 77,125 shares of the auto parts company’s stock valued at $1,202,000 after buying an additional 7,160 shares during the last quarter. BlackRock Group LTD boosted its stake in shares of Dana by 7.9% in the third quarter. BlackRock Group LTD now owns 117,160 shares of the auto parts company’s stock valued at $1,825,000 after buying an additional 8,539 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Dana by 1.1% in the third quarter. Northern Trust Corp now owns 2,243,934 shares of the auto parts company’s stock valued at $34,983,000 after buying an additional 24,668 shares during the last quarter. Acrospire Investment Management LLC purchased a new stake in shares of Dana during the third quarter valued at $111,000. Finally, Weiss Asset Management LP purchased a new stake in shares of Dana during the third quarter valued at $239,000. 95.23% of the stock is owned by institutional investors and hedge funds.
Shares of Dana (NYSE:DAN) traded up 0.35% during trading on Tuesday, hitting $19.93. 718,018 shares of the stock were exchanged. The stock’s 50 day moving average price is $19.27 and its 200 day moving average price is $18.89. The firm has a market capitalization of $2.88 billion, a price-to-earnings ratio of 4.34 and a beta of 1.49. Dana has a 52 week low of $9.80 and a 52 week high of $21.49.
Dana (NYSE:DAN) last released its earnings results on Tuesday, May 2nd. The auto parts company reported $0.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.25. Dana had a net margin of 10.98% and a return on equity of 29.73%. The company had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same quarter last year, the firm earned $0.34 EPS. The firm’s quarterly revenue was up 17.4% compared to the same quarter last year. On average, equities analysts predict that Dana will post $1.93 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 2nd. Shareholders of record on Friday, May 12th will be given a dividend of $0.06 per share. The ex-dividend date is Wednesday, May 10th. This represents a $0.24 annualized dividend and a yield of 1.21%. Dana’s payout ratio is currently 5.47%.
Dana Incorporated, formerly Dana Holding Corporation, is a global provider of technology driveline, sealing and thermal-management products. The Company operates in four segments: Light Vehicle Driveline Technologies (Light Vehicle), Commercial Vehicle Driveline Technologies (Commercial Vehicle), Off-Highway Driveline Technologies (Off-Highway) and Power Technologies.
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