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

Dana Incorporated (NYSE:DAN) has been assigned a consensus rating of “Moderate Buy” from the nine ratings firms that are currently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $40.00.

A number of research analysts have commented on DAN shares. Wells Fargo & Company upped their price target on Dana from $35.00 to $36.00 and gave the company an “equal weight” rating in a research report on Thursday, April 30th. Barclays upped their price target on Dana from $32.00 to $41.00 and gave the company an “overweight” rating in a research report on Monday, March 30th. Wall Street Zen lowered Dana from a “buy” rating to a “hold” rating in a research report on Sunday, April 19th. UBS Group increased their target price on Dana from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Tuesday, April 14th. Finally, Zacks Research lowered Dana from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its position 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 acquiring an additional 445 shares in the last quarter. Parallel Advisors LLC raised its position in shares of Dana by 105.2% in the 1st 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 raised its position in shares of Dana by 11.3% in the 4th 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 bought a new position in shares of Dana in the 2nd quarter worth approximately $176,000. Finally, Catalyst Funds Management Pty Ltd bought a new position in shares of Dana in the 4th quarter worth approximately $309,000. Institutional investors own 96.79% of the company’s stock.

Dana Trading Down 3.7%

DAN opened at $35.33 on Friday. The business has a 50 day simple moving average of $35.22 and a two-hundred day simple moving average of $30.50. The firm has a market capitalization of $3.82 billion, a price-to-earnings ratio of 3.43 and a beta of 1.94. 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 one year low of $15.31 and a one year high of $39.56.

Dana (NYSE:DAN) last released 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). The business had revenue of $1.87 billion for the quarter. Dana had a net margin of 15.12% and a return on equity of 3.56%. Analysts predict that Dana will post 2.64 EPS for the current year.

Dana Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 8th were given a $0.12 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $0.48 annualized dividend and a dividend yield of 1.4%. Dana’s dividend payout ratio is currently 4.66%.

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.