Dana Incorporated (NYSE:DAN) Receives Average Rating of “Hold” from Analysts

Shares of Dana Incorporated (NYSE:DAN) have been given a consensus recommendation of “Hold” by the nine brokerages that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $37.00.

A number of research firms recently weighed in on DAN. Wall Street Zen lowered shares of Dana from a “buy” rating to a “hold” rating in a report on Sunday, April 19th. Weiss Ratings lowered shares of Dana from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, July 6th. Zacks Research cut shares of Dana from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 16th. Royal Bank Of Canada reduced their target price on shares of Dana from $41.00 to $33.00 and set an “outperform” rating on the stock in a report on Monday, July 13th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Dana from $40.00 to $39.00 and set a “buy” rating on the stock in a research report on Tuesday, July 7th.

Dana Stock Performance

NYSE DAN opened at $26.99 on Monday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.57 and a quick ratio of 1.09. Dana has a 1-year low of $15.31 and a 1-year high of $39.56. The business has a 50 day simple moving average of $30.32 and a two-hundred day simple moving average of $31.96. The stock has a market capitalization of $2.92 billion, a PE ratio of 2.62 and a beta of 1.99.

Dana (NYSE:DAN) last issued its quarterly earnings data on Friday, May 15th. The auto parts company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.18). The firm had revenue of $1.87 billion for the quarter. Dana had a return on equity of 3.56% and a net margin of 15.12%. On average, research analysts predict that Dana will post 2.07 EPS for the current fiscal year.

Dana Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 7th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Friday, August 7th. Dana’s payout ratio is presently 4.66%.

Institutional Investors Weigh In On Dana

Institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC boosted its holdings in shares of Dana by 39.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,580 shares of the auto parts company’s stock worth $38,000 after purchasing an additional 445 shares during the period. Parallel Advisors LLC raised its holdings in Dana by 105.2% during the 1st quarter. Parallel Advisors LLC now owns 1,925 shares of the auto parts company’s stock valued at $65,000 after buying an additional 987 shares during the period. GAMMA Investing LLC raised its holdings in Dana by 11.3% during the 4th quarter. GAMMA Investing LLC now owns 4,315 shares of the auto parts company’s stock valued at $103,000 after buying an additional 439 shares during the period. Captrust Financial Advisors bought a new stake in Dana in the second quarter worth $176,000. Finally, Catalyst Funds Management Pty Ltd bought a new stake in 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.