Dana Incorporated (NYSE:DAN) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Dana Incorporated (NYSE:DAN) have earned a consensus rating of “Hold” from the six research firms that are presently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $16.43.

A number of analysts have weighed in on the stock. Wells Fargo & Company cut their price objective on shares of Dana from $14.00 to $13.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 21st. Barclays cut their price objective on shares of Dana from $16.00 to $15.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 28th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Dana from $19.00 to $18.00 and set an “overweight” rating on the stock in a report on Monday, February 26th.

Hedge Funds Weigh In On Dana

Hedge funds and other institutional investors have recently bought and sold shares of the company. Handelsbanken Fonder AB boosted its position in shares of Dana by 71.5% during the 4th quarter. Handelsbanken Fonder AB now owns 35,490 shares of the auto parts company’s stock worth $519,000 after purchasing an additional 14,800 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Dana during the 3rd quarter worth $567,000. Strs Ohio raised its stake in Dana by 1.6% in the 3rd quarter. Strs Ohio now owns 58,000 shares of the auto parts company’s stock valued at $850,000 after purchasing an additional 900 shares during the last quarter. Great Lakes Advisors LLC raised its stake in Dana by 93.6% in the 3rd quarter. Great Lakes Advisors LLC now owns 66,513 shares of the auto parts company’s stock valued at $976,000 after purchasing an additional 32,163 shares during the last quarter. Finally, Neo Ivy Capital Management acquired a new position in Dana in the 3rd quarter valued at about $1,602,000. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

Dana Stock Up 1.4 %

Shares of NYSE:DAN opened at $12.32 on Tuesday. The firm’s 50 day moving average price is $12.42 and its 200 day moving average price is $13.02. The stock has a market cap of $1.79 billion, a price-to-earnings ratio of 47.38, a price-to-earnings-growth ratio of 0.35 and a beta of 2.49. Dana has a fifty-two week low of $11.10 and a fifty-two week high of $19.75. The company has a quick ratio of 0.93, a current ratio of 1.58 and a debt-to-equity ratio of 1.59.

Dana (NYSE:DAN) last issued its earnings results on Tuesday, February 20th. The auto parts company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.06). The firm had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.58 billion. Dana had a net margin of 0.36% and a return on equity of 7.37%. The firm’s revenue was down 2.4% compared to the same quarter last year. During the same period last year, the business earned ($0.10) EPS. As a group, equities research analysts predict that Dana will post 0.99 earnings per share for the current fiscal year.

Dana Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 1st were given a $0.10 dividend. The ex-dividend date was Thursday, February 29th. This represents a $0.40 dividend on an annualized basis and a yield of 3.25%. Dana’s dividend payout ratio (DPR) is 153.85%.

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.