Dana Incorporated (NYSE:DAN) Receives $40.00 Consensus PT from Analysts

Dana Incorporated (NYSE:DAN) has been given a consensus rating of “Moderate Buy” by the nine research firms that are covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $39.6667.

A number of equities analysts recently issued reports on DAN shares. Barclays raised their price target on Dana from $32.00 to $41.00 and gave the stock an “overweight” rating in a report on Monday, March 30th. Zacks Research lowered Dana from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. UBS Group raised their price target on Dana from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Tuesday, April 14th. Weiss Ratings raised Dana from a “hold (c-)” rating to a “buy (b-)” rating in a report on Monday, May 18th. Finally, JPMorgan Chase & Co. lifted their price objective on Dana from $39.00 to $45.00 and gave the company an “overweight” rating in a report on Thursday, April 23rd.

Institutional Investors Weigh In On Dana

A number of institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its holdings in Dana by 11.3% in the 4th quarter. GAMMA Investing LLC now owns 4,315 shares of the auto parts company’s stock valued at $103,000 after purchasing an additional 439 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Dana by 39.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,580 shares of the auto parts company’s stock valued at $38,000 after purchasing an additional 445 shares in the last quarter. Parallel Advisors LLC boosted its holdings in Dana by 105.2% in the 1st quarter. Parallel Advisors LLC now owns 1,925 shares of the auto parts company’s stock valued at $65,000 after purchasing an additional 987 shares in the last quarter. State of Tennessee Department of Treasury boosted its holdings in Dana by 10.7% in the 2nd quarter. State of Tennessee Department of Treasury now owns 55,842 shares of the auto parts company’s stock valued at $958,000 after purchasing an additional 5,405 shares in the last quarter. Finally, Captrust Financial Advisors purchased a new stake in Dana in the 2nd quarter valued at approximately $176,000. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Dana Stock Performance

NYSE DAN opened at $30.82 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.57 and a debt-to-equity ratio of 0.61. Dana has a 52-week low of $15.31 and a 52-week high of $39.56. The business’s 50-day moving average price is $35.31 and its 200 day moving average price is $30.98. The firm has a market cap of $3.34 billion, a P/E ratio of 3.00 and a beta of 1.94.

Dana (NYSE:DAN) last released its quarterly earnings results on Friday, May 15th. The auto parts company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.18). Dana had a return on equity of 3.56% and a net margin of 15.12%.The company had revenue of $1.87 billion for the quarter. On average, equities research analysts expect that Dana will post 2.64 earnings per share for the current year.

Dana Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 8th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Friday, May 8th. Dana’s payout ratio is currently 4.66%.

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.