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

Shares of Dana Incorporated (NYSE:DAN) have been given an average rating of “Moderate Buy” by the nine brokerages that are covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $35.1667.

DAN has been the subject of a number of recent research reports. Wells Fargo & Company boosted their price objective on shares of Dana from $30.00 to $35.00 and gave the company an “equal weight” rating in a report on Thursday, February 19th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $36.00 target price on shares of Dana in a report on Thursday, January 22nd. Royal Bank Of Canada boosted their price target on Dana from $32.00 to $40.00 and gave the company an “outperform” rating in a research note on Thursday, February 19th. UBS Group increased their price target on Dana from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, February 19th. Finally, Zacks Research upgraded Dana from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 22nd.

Institutional Investors Weigh In On Dana

Institutional investors and hedge funds have recently bought and sold shares of the company. Tudor Investment Corp ET AL grew its stake in Dana by 28.4% during 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 buying an additional 60,487 shares in the last quarter. Loomis Sayles & Co. L P raised its position in shares of Dana by 61.2% in the 4th quarter. Loomis Sayles & Co. L P now owns 1,591,768 shares of the auto parts company’s stock valued at $37,820,000 after buying an additional 604,246 shares in the last quarter. Catalyst Funds Management Pty Ltd bought a new stake in shares of Dana during the 4th quarter worth approximately $309,000. EverSource Wealth Advisors LLC boosted its position in shares of Dana by 39.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,580 shares of the auto parts company’s stock worth $38,000 after acquiring an additional 445 shares in the last quarter. Finally, SG Americas Securities LLC boosted its position in shares of Dana by 96.7% during the 4th quarter. SG Americas Securities LLC now owns 47,902 shares of the auto parts company’s stock worth $1,138,000 after acquiring an additional 23,549 shares in the last quarter. Institutional investors own 96.79% of the company’s stock.

Dana Trading Down 2.5%

Shares of Dana stock opened at $34.88 on Friday. The company has a debt-to-equity ratio of 2.23, a quick ratio of 0.96 and a current ratio of 1.31. The firm has a 50-day moving average of $29.03 and a 200-day moving average of $23.44. Dana has a 52-week low of $10.11 and a 52-week high of $36.28. The stock has a market cap of $4.08 billion, a PE ratio of 77.51, a PEG ratio of 1.28 and a beta of 2.14.

Dana Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Friday, February 27th will be given a $0.12 dividend. The ex-dividend date is Friday, February 27th. This is an increase from Dana’s previous quarterly dividend of $0.10. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.4%. Dana’s dividend payout ratio (DPR) is 88.89%.

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.