Dana (NYSE:DAN) Downgraded by Zacks Research to “Strong Sell”

Zacks Research cut shares of Dana (NYSE:DAN) from a hold rating to a strong sell rating in a research note released on Tuesday morning,Zacks.com reports.

A number of other analysts have also commented on DAN. JPMorgan Chase & Co. boosted their price target on Dana from $39.00 to $45.00 and gave the company an “overweight” rating in a report on Thursday, April 23rd. Royal Bank Of Canada reiterated an “outperform” rating and set a $41.00 target price on shares of Dana in a report on Friday, June 12th. Barclays upped their target price on Dana from $32.00 to $41.00 and gave the stock an “overweight” rating in a report on Monday, March 30th. Wall Street Zen lowered Dana from a “buy” rating to a “hold” rating in a report on Sunday, April 19th. Finally, Wells Fargo & Company dropped their target price on Dana from $36.00 to $33.00 and set an “equal weight” rating on the stock in a report on Friday, June 12th. Six analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $39.67.

Dana Stock Performance

Shares of Dana stock opened at $28.42 on Tuesday. The firm has a market cap of $3.08 billion, a price-to-earnings ratio of 2.76 and a beta of 1.94. The stock’s 50-day moving average is $35.06 and its 200-day moving average is $31.19. Dana has a one year low of $15.31 and a one year high of $39.56. 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 (NYSE:DAN) last issued 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 firm had revenue of $1.87 billion during the quarter. Dana had a net margin of 15.12% and a return on equity of 3.56%. Equities analysts predict that Dana will post 2.26 earnings per share for the current fiscal year.

Dana Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 8th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.7%. The ex-dividend date was Friday, May 8th. Dana’s dividend payout ratio is presently 4.66%.

Institutional Trading of Dana

Several institutional investors and hedge funds have recently bought and sold shares of DAN. SG Americas Securities LLC raised its stake in Dana by 1,341.4% in the first quarter. SG Americas Securities LLC now owns 690,454 shares of the auto parts company’s stock valued at $23,234,000 after buying an additional 642,552 shares during the period. Loomis Sayles & Co. L P raised its stake in Dana by 61.2% in the fourth quarter. Loomis Sayles & Co. L P now owns 1,591,768 shares of the auto parts company’s stock valued at $37,820,000 after buying an additional 604,246 shares during the period. Tudor Investment Corp ET AL raised its stake in Dana by 1,706.3% in the third quarter. Tudor Investment Corp ET AL now owns 213,144 shares of the auto parts company’s stock valued at $4,271,000 after buying an additional 201,344 shares during the period. Bessemer Group Inc. raised its stake in Dana by 44.3% in the first quarter. Bessemer Group Inc. now owns 208,088 shares of the auto parts company’s stock valued at $7,002,000 after buying an additional 63,879 shares during the period. Finally, Russell Investments Group Ltd. raised its stake in Dana by 3.1% in the third quarter. Russell Investments Group Ltd. now owns 927,987 shares of the auto parts company’s stock valued at $18,597,000 after buying an additional 27,712 shares during the period. Institutional investors own 96.79% of the company’s stock.

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.