Dana Incorporated (NYSE:DAN) Given Consensus Rating of “Moderate Buy” by Brokerages

Dana Incorporated (NYSE:DAN) has earned a consensus recommendation of “Moderate Buy” from the nine analysts that are currently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $40.00.

Several equities research analysts recently issued reports on DAN shares. Weiss Ratings raised shares of Dana from a “hold (c-)” rating to a “buy (b-)” rating in a research note on Monday. Royal Bank Of Canada lifted their price target on shares of Dana from $32.00 to $40.00 and gave the stock an “outperform” rating in a research note on Thursday, February 19th. JPMorgan Chase & Co. lifted their price target on shares of Dana from $39.00 to $45.00 and gave the stock an “overweight” rating in a research note on Thursday, April 23rd. Wall Street Zen downgraded shares of Dana from a “buy” rating to a “hold” rating in a research note on Sunday, April 19th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $36.00 price target on shares of Dana in a research note on Thursday, January 22nd.

Dana Stock Performance

Dana stock opened at $32.19 on Wednesday. Dana has a 12-month low of $15.31 and a 12-month high of $39.56. The company has a market capitalization of $3.48 billion, a price-to-earnings ratio of 3.13 and a beta of 1.97. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.57 and a quick ratio of 0.86. The firm’s fifty day moving average price is $34.43 and its 200 day moving average price is $29.27.

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 the consensus estimate of $0.32 by ($0.18). Dana had a return on equity of 3.56% and a net margin of 15.12%.The firm had revenue of $1.87 billion for the quarter. On average, research analysts forecast that Dana will post 2.64 EPS for the current fiscal year.

Dana Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 8th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Friday, May 8th. Dana’s dividend payout ratio (DPR) is currently 4.66%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Loomis Sayles & Co. L P grew its holdings in Dana by 61.2% during the 4th quarter. Loomis Sayles & Co. L P now owns 1,591,768 shares of the auto parts company’s stock worth $37,820,000 after acquiring an additional 604,246 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in Dana by 3.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 927,987 shares of the auto parts company’s stock worth $18,597,000 after acquiring an additional 27,712 shares in the last quarter. SG Americas Securities LLC grew its holdings in Dana by 1,341.4% during the 1st quarter. SG Americas Securities LLC now owns 690,454 shares of the auto parts company’s stock worth $23,234,000 after acquiring an additional 642,552 shares in the last quarter. Tudor Investment Corp ET AL grew its holdings in Dana by 28.4% during the 4th quarter. Tudor Investment Corp ET AL now owns 273,631 shares of the auto parts company’s stock worth $6,501,000 after acquiring an additional 60,487 shares in the last quarter. Finally, Bessemer Group Inc. grew its holdings in Dana by 44.3% during the 1st quarter. Bessemer Group Inc. now owns 208,088 shares of the auto parts company’s stock worth $7,002,000 after acquiring an additional 63,879 shares in the last quarter. 96.79% of the stock is owned by institutional investors and hedge funds.

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.