Dana Holding Corp. (DAN) Rating Increased to Overweight at Barclays PLC
Barclays PLC upgraded shares of Dana Holding Corp. (NYSE:DAN) from an equal weight rating to an overweight rating in a research report report published on Friday. They currently have $20.00 price target on the stock, up from their prior price target of $12.00. The analysts noted that the move was a valuation call.
Several other research firms have also recently weighed in on DAN. Zacks Investment Research raised Dana Holding Corp. from a sell rating to a hold rating in a research report on Monday, July 25th. Royal Bank Of Canada increased their price objective on Dana Holding Corp. from $11.00 to $14.00 and gave the company a sector perform rating in a research report on Friday, July 22nd. RBC Capital Markets reissued a sector perform rating and issued a $14.00 price objective (up from $11.00) on shares of Dana Holding Corp. in a research report on Sunday, July 24th. Finally, FBR & Co reissued a buy rating and issued a $17.00 price objective on shares of Dana Holding Corp. in a research report on Friday, July 22nd. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $17.00.
Dana Holding Corp. (NYSE:DAN) opened at 15.22 on Friday. Dana Holding Corp. has a 52-week low of $9.80 and a 52-week high of $18.12. The company’s 50-day moving average is $14.33 and its 200-day moving average is $12.93. The firm has a market capitalization of $2.19 billion, a P/E ratio of 17.08 and a beta of 1.94.
Dana Holding Corp. (NYSE:DAN) last posted its quarterly earnings data on Thursday, July 21st. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.07. Dana Holding Corp. had a return on equity of 26.75% and a net margin of 2.31%. The company earned $1.55 billion during the quarter, compared to analysts’ expectations of $1.52 billion. During the same period in the prior year, the business earned $0.48 earnings per share. Dana Holding Corp.’s revenue for the quarter was down 3.9% compared to the same quarter last year. On average, analysts predict that Dana Holding Corp. will post $1.71 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Friday, August 19th were paid a $0.06 dividend. The ex-dividend date of this dividend was Wednesday, August 17th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.58%. Dana Holding Corp.’s dividend payout ratio (DPR) is presently 27.59%.
In other news, Director Mark A. Schulz sold 10,201 shares of the firm’s stock in a transaction on Friday, September 2nd. The stock was sold at an average price of $14.60, for a total value of $148,934.60. Following the completion of the sale, the director now directly owns 20,000 shares in the company, valued at $292,000. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Mark A. Schulz sold 5,444 shares of the firm’s stock in a transaction on Tuesday, August 23rd. The shares were sold at an average price of $14.43, for a total value of $78,556.92. Following the completion of the sale, the director now owns 30,201 shares of the company’s stock, valued at $435,800.43. The disclosure for this sale can be found here. 0.80% of the stock is owned by insiders.
Several hedge funds have recently made changes to their positions in the stock. Investors Capital Advisory Services raised its stake in shares of Dana Holding Corp. by 0.9% in the second quarter. Investors Capital Advisory Services now owns 10,534 shares of the company’s stock worth $110,000 after buying an additional 92 shares during the period. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in shares of Dana Holding Corp. during the second quarter worth approximately $120,000. Oakbrook Investments LLC raised its stake in shares of Dana Holding Corp. by 4.3% in the second quarter. Oakbrook Investments LLC now owns 12,100 shares of the company’s stock worth $128,000 after buying an additional 500 shares during the last quarter. First Republic Investment Management Inc. purchased a new stake in shares of Dana Holding Corp. during the first quarter worth approximately $177,000. Finally, LPL Financial LLC raised its stake in shares of Dana Holding Corp. by 1.7% in the first quarter. LPL Financial LLC now owns 16,250 shares of the company’s stock worth $211,000 after buying an additional 274 shares during the last quarter. Institutional investors own 99.29% of the company’s stock.
About Dana Holding Corp.
Dana Inc, formerly Dana Holding Corporation, is a 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. The Company operates in four segments: Light Vehicle Driveline Technologies (Light Vehicle), Commercial Vehicle Driveline Technologies (Commercial Vehicle), Off-Highway Driveline Technologies (Off-Highway) and Power Technologies.
Receive News & Ratings for Dana Holding Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dana Holding Corp. and related companies with MarketBeat.com's FREE daily email newsletter.