Dana Incorporated (NYSE:DAN) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Dana Incorporated (NYSE:DAN) have received a consensus rating of “Moderate Buy” from the nine research firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $21.8571.

A number of analysts recently issued reports on DAN shares. JPMorgan Chase & Co. cut their price objective on Dana from $24.00 to $23.00 and set an “overweight” rating for the company in a research report on Monday, July 21st. Wells Fargo & Company decreased their target price on Dana from $22.00 to $21.00 and set an “equal weight” rating on the stock in a research note on Friday. Royal Bank Of Canada increased their target price on Dana from $24.00 to $26.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 2nd. UBS Group reissued a “buy” rating and set a $23.00 target price (up previously from $22.00) on shares of Dana in a research note on Monday, July 14th. Finally, Barclays reissued an “overweight” rating and set a $25.00 target price (up previously from $20.00) on shares of Dana in a research note on Thursday, June 12th.

Insider Buying and Selling

In related news, CAO James D. Kellett sold 11,728 shares of the business’s stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $18.65, for a total transaction of $218,727.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.46% of the stock is owned by insiders.

Institutional Trading of Dana

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. JB Capital Partners LP raised its stake in Dana by 1.1% in the first quarter. JB Capital Partners LP now owns 1,852,293 shares of the auto parts company’s stock valued at $24,524,000 after buying an additional 20,000 shares in the last quarter. Loomis Sayles & Co. L P boosted its stake in Dana by 4.2% in the second quarter. Loomis Sayles & Co. L P now owns 1,102,729 shares of the auto parts company’s stock valued at $18,912,000 after acquiring an additional 44,010 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of Dana by 2.2% during the second quarter. Rhumbline Advisers now owns 401,017 shares of the auto parts company’s stock worth $6,877,000 after purchasing an additional 8,787 shares during the last quarter. Great Lakes Advisors LLC increased its position in shares of Dana by 11.5% during the first quarter. Great Lakes Advisors LLC now owns 313,039 shares of the auto parts company’s stock worth $4,173,000 after purchasing an additional 32,241 shares in the last quarter. Finally, Segall Bryant & Hamill LLC increased its position in shares of Dana by 6.4% during the second quarter. Segall Bryant & Hamill LLC now owns 194,338 shares of the auto parts company’s stock worth $3,333,000 after purchasing an additional 11,711 shares in the last quarter. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Dana Stock Down 0.2%

Shares of NYSE:DAN opened at $19.97 on Tuesday. The business has a 50-day moving average price of $19.25 and a 200 day moving average price of $16.61. The company has a current ratio of 1.36, a quick ratio of 1.00 and a debt-to-equity ratio of 2.02. The company has a market capitalization of $2.62 billion, a price-to-earnings ratio of -124.78, a PEG ratio of 1.85 and a beta of 2.09. Dana has a 12-month low of $7.58 and a 12-month high of $21.40.

Dana (NYSE:DAN) last issued its quarterly earnings data on Monday, August 11th. The auto parts company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.35). The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $2.55 billion. Dana had a positive return on equity of 5.65% and a negative net margin of 0.26%.The firm’s revenue for the quarter was down 5.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.31 earnings per share. Sell-side analysts expect that Dana will post 1.5 EPS for the current year.

Dana Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 8th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Friday, August 8th. Dana’s payout ratio is presently -250.00%.

Dana Company Profile

Dana Incorporated, together with its subsidiaries, provides power-conveyance and energy-management solutions for vehicles and machinery in North America, Europe, South America, and the Asia Pacific. The company operates through four segments: Light Vehicle Drive Systems, Commercial Vehicle Drive and Motion Systems, Off-Highway Drive and Motion Systems, and Power Technologies.