Dana Incorporated (NYSE:DAN) Stock Now Rated “Hold” by Wall Street Analysts

Dana Incorporated (NYSE:DAN) has been assigned a consensus rating of “Hold” from the nine analysts that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $35.00.

DAN has been the topic of a number of research analyst reports. Zacks Research cut Dana from a “hold” rating to a “strong sell” rating in a report on Friday, October 16th. UBS Group dropped their price target on Dana from $36.00 to $34.00 and set a “buy” rating for the company in a research note on Thursday, October 29th. Barclays reduced their target price on shares of Dana from $35.00 to $33.00 and set an “equal weight” rating on the stock in a report on Monday, November 2nd. BNP Paribas Exane restated an “outperform” rating and issued a $34.00 price target (down from $38.00) on shares of Dana in a report on Friday, October 30th. Finally, Royal Bank Of Canada lowered their target price on Dana from $37.00 to $32.00 and set an “outperform” rating for the company in a research note on Thursday, October 29th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Meeder Asset Management Inc. acquired a new stake in shares of Dana in the third quarter valued at approximately $578,000. Voya Investment Management LLC raised its holdings in shares of Dana by 23.5% during the third quarter. Voya Investment Management LLC now owns 46,516 shares of the auto parts company’s stock valued at $1,270,000 after buying an additional 8,846 shares during the last quarter. Global Retirement Partners LLC boosted its position in shares of Dana by 1,014.1% during the third quarter. Global Retirement Partners LLC now owns 1,582 shares of the auto parts company’s stock worth $43,000 after buying an additional 1,440 shares during the period. HighTower Advisors LLC boosted its position in shares of Dana by 88.7% during the third quarter. HighTower Advisors LLC now owns 14,792 shares of the auto parts company’s stock worth $404,000 after buying an additional 6,953 shares during the period. Finally, Russell Investments Group Ltd. grew its holdings in Dana by 22.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 761,985 shares of the auto parts company’s stock worth $20,810,000 after buying an additional 138,502 shares in the last quarter. 96.79% of the stock is owned by institutional investors and hedge funds.

Dana Stock Up 3.5%

DAN stock opened at $23.91 on Wednesday. The company’s 50 day simple moving average is $27.91 and its 200-day simple moving average is $30.91. The firm has a market capitalization of $2.33 billion, a PE ratio of 30.01 and a beta of 2.14. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.13 and a quick ratio of 0.78. Dana has a 12 month low of $18.95 and a 12 month high of $39.56.

Dana (NYSE:DAN) last posted its quarterly earnings data on Wednesday, October 28th. The auto parts company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.28). The firm had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.97 billion. Dana had a net margin of 13.45% and a return on equity of 5.03%. The business’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.07 EPS. Equities analysts expect that Dana will post 1.81 earnings per share for the current fiscal year.

Dana Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Friday, November 6th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, November 6th. Dana’s dividend payout ratio is 5.03%.

About Dana

Dana Incorporated is a supplier of drivetrain, propulsion, and motion systems for vehicle and industrial markets. Its customers include manufacturers of passenger cars, commercial vehicles, and off-highway equipment, as well as customers in industrial and aftermarket sectors. The company’s products and services include axles, driveshafts, transmission and drivetrain components, and systems for electrified vehicles, such as electric motors and related propulsion technologies. Dana also provides thermal-management and sealing solutions designed to support vehicle performance and durability.