Dana (NYSE:DAN) Earns Buy Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Dana (NYSE:DAN – Get Rating) in a research report report published on Thursday. The brokerage issued a buy rating on the auto parts company’s stock.

DAN has been the subject of several other reports. Wells Fargo & Company reduced their target price on Dana from $17.00 to $15.00 and set an equal weight rating for the company in a research note on Wednesday, February 22nd. TheStreet upgraded Dana from a d+ rating to a c- rating in a research note on Wednesday, November 16th. Deutsche Bank Aktiengesellschaft cut their price target on Dana from $16.00 to $14.00 in a research note on Wednesday, February 22nd. Finally, Barclays cut their price target on Dana from $20.00 to $18.00 and set an equal weight rating for the company in a research note on Wednesday, February 22nd. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Dana has a consensus rating of Hold and a consensus price target of $15.75.

Dana Price Performance

Shares of NYSE:DAN opened at $13.49 on Thursday. The company has a quick ratio of 0.90, a current ratio of 1.54 and a debt-to-equity ratio of 1.46. Dana has a 12-month low of $11.17 and a 12-month high of $19.30. The business has a fifty day simple moving average of $16.90 and a 200 day simple moving average of $15.77.

Dana (NYSE:DAN – Get Rating) last announced its earnings results on Tuesday, February 21st. The auto parts company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.33). The company had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.51 billion. Dana had a positive return on equity of 3.02% and a negative net margin of 2.38%. The firm’s quarterly revenue was up 12.4% on a year-over-year basis. On average, equities research analysts predict that Dana will post 0.8 EPS for the current fiscal year.

Dana Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 24th. Shareholders of record on Friday, March 3rd will be paid a dividend of $0.10 per share. The ex-dividend date is Thursday, March 2nd. This represents a $0.40 dividend on an annualized basis and a yield of 2.97%. Dana’s dividend payout ratio (DPR) is currently -23.81%.

Hedge Funds Weigh In On Dana

A number of hedge funds have recently added to or reduced their stakes in DAN. MetLife Investment Management LLC lifted its position in shares of Dana by 41.1% during the 1st quarter. MetLife Investment Management LLC now owns 169,160 shares of the auto parts company’s stock worth $2,972,000 after buying an additional 49,268 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Dana by 1.5% during the 1st quarter. Rhumbline Advisers now owns 427,547 shares of the auto parts company’s stock worth $7,512,000 after buying an additional 6,465 shares in the last quarter. Yousif Capital Management LLC lifted its position in shares of Dana by 2.9% during the 1st quarter. Yousif Capital Management LLC now owns 82,651 shares of the auto parts company’s stock worth $1,452,000 after buying an additional 2,303 shares in the last quarter. Gamco Investors INC. ET AL lifted its position in shares of Dana by 9.6% during the 1st quarter. Gamco Investors INC. ET AL now owns 3,612,318 shares of the auto parts company’s stock worth $63,468,000 after buying an additional 316,466 shares in the last quarter. Finally, Gabelli Funds LLC lifted its position in shares of Dana by 2.3% during the 1st quarter. Gabelli Funds LLC now owns 2,621,679 shares of the auto parts company’s stock worth $46,063,000 after buying an additional 60,025 shares in the last quarter. Institutional investors and hedge funds own 94.13% of the company’s stock.

Dana Company Profile

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Dana, Inc engages in the manufacture, distribution, and sale of technology drive and motion products, sealing solutions, thermal-management technologies, and fluid-power products. It operates through the following segments: Light Vehicle, Commercial Vehicle, Off-Highway, and Power Technologies. The Light Vehicle segment includes drivetrain systems and components for passenger cars, crossovers, sport utility vehicles, vans, and light trucks.