Dana Holding Corp. (DAN) Shares Down 2.2%
Dana Holding Corp. (NYSE:DAN) shares fell 2.2% during trading on Wednesday . The company traded as low as $11.23 and last traded at $11.32, with a volume of 7,613,318 shares changing hands. The stock had previously closed at $11.57.
A number of research firms have recently commented on DAN. Royal Bank Of Canada boosted their price target on shares of Dana Holding Corp. from $11.00 to $14.00 and gave the company a “sector perform” rating in a research report on Friday. FBR & Co reaffirmed a “buy” rating and set a $18.00 price objective (up from $17.00) on shares of Dana Holding Corp. in a report on Tuesday, April 19th. Finally, Zacks Investment Research raised shares of Dana Holding Corp. from a “sell” rating to a “hold” rating in a report on Monday, June 27th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Dana Holding Corp. presently has an average rating of “Hold” and an average price target of $16.43.
The firm has a market capitalization of $1.90 billion and a price-to-earnings ratio of 14.193. The firm has a 50 day moving average of $11.49 and a 200-day moving average of $12.29.
Dana Holding Corp. (NYSE:DAN) last released its quarterly earnings results on Thursday, July 21st. The company reported $0.53 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.07. During the same quarter in the previous year, the business posted $0.48 earnings per share. The business earned $1.55 billion during the quarter, compared to the consensus estimate of $1.52 billion. The firm’s revenue was down 3.9% on a year-over-year basis. On average, analysts anticipate that Dana Holding Corp. will post $1.61 EPS for the current fiscal year.
A number of hedge funds and institutional investors have added to or reduced their stakes in DAN. Marshall Wace LLP acquired a new position in Dana Holding Corp. during the fourth quarter valued at $8,624,000. Bank of Montreal Can boosted its stake in shares of Dana Holding Corp. by 433.1% in the fourth quarter. Bank of Montreal Can now owns 156,117 shares of the company’s stock worth $2,154,000 after buying an additional 126,832 shares during the period. Russell Frank Co boosted its stake in shares of Dana Holding Corp. by 39.0% in the fourth quarter. Russell Frank Co now owns 423,411 shares of the company’s stock worth $5,978,000 after buying an additional 118,756 shares during the period. First Trust Advisors LP boosted its stake in shares of Dana Holding Corp. by 28.6% in the fourth quarter. First Trust Advisors LP now owns 324,388 shares of the company’s stock worth $4,477,000 after buying an additional 72,097 shares during the period. Finally, Liberty Mutual Group Asset Management Inc. boosted its stake in shares of Dana Holding Corp. by 51.3% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 103,309 shares of the company’s stock worth $1,425,000 after buying an additional 35,046 shares during the period.
Dana Holding Corporation is a global provider of high technology driveline, sealing and thermal-management products. The Company offers its products to vehicle manufacturers in the global light vehicle, medium/heavy vehicle and off-highway markets. It operates in four business segments: Light Vehicle Driveline Technologies (Light Vehicle), Commercial Vehicle Driveline Technologies (Commercial Vehicle), Off-Highway Driveline Technologies (Off-Highway) and Power Technologies.
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