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

Shares of Dana Incorporated (NYSE:DAN) have been assigned an average rating of “Moderate Buy” from the nine analysts that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $39.6667.

DAN has been the subject of a number of recent research reports. Wells Fargo & Company decreased their target price on Dana from $36.00 to $33.00 and set an “equal weight” rating for the company in a research report on Friday, June 12th. Barclays increased their price target on Dana from $32.00 to $41.00 and gave the stock an “overweight” rating in a research note on Monday, March 30th. Zacks Research cut Dana from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 16th. 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, UBS Group increased their target price on shares of Dana from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Tuesday, April 14th.

Dana Trading Down 3.9%

Shares of DAN stock opened at $26.16 on Thursday. The company has a 50 day moving average of $33.49 and a 200-day moving average of $31.61. The company has a quick ratio of 1.09, a current ratio of 1.57 and a debt-to-equity ratio of 0.61. Dana has a 12-month low of $15.31 and a 12-month high of $39.56. The firm has a market cap of $2.83 billion, a P/E ratio of 2.54 and a beta of 1.99.

Dana (NYSE:DAN) last posted its quarterly earnings results on Friday, May 15th. The auto parts company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.18). Dana had a return on equity of 3.56% and a net margin of 15.12%.The company had revenue of $1.87 billion during the quarter. Sell-side analysts anticipate that Dana will post 2.26 earnings per share for the current year.

Dana Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 8th were 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 was Friday, May 8th. 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 the business. EverSource Wealth Advisors LLC grew its stake in Dana by 39.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,580 shares of the auto parts company’s stock valued at $38,000 after buying an additional 445 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of Dana by 105.2% during the first quarter. Parallel Advisors LLC now owns 1,925 shares of the auto parts company’s stock worth $65,000 after acquiring an additional 987 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Dana by 11.3% during the fourth quarter. GAMMA Investing LLC now owns 4,315 shares of the auto parts company’s stock worth $103,000 after acquiring an additional 439 shares in the last quarter. Captrust Financial Advisors purchased a new stake in shares of Dana during the second quarter worth $176,000. Finally, Catalyst Funds Management Pty Ltd bought a new position in shares of Dana in the fourth quarter worth $309,000. 96.79% of the stock is owned by institutional investors.

Dana Company Profile

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.