Dana (NYSE:DAN) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Dana (NYSE:DAN) from a hold rating to a buy rating in a report published on Thursday morning.

DAN has been the topic of a number of other reports. Wells Fargo & Company boosted their price target on shares of Dana from $12.00 to $15.00 and gave the company an “equal weight” rating in a research note on Monday, May 19th. JPMorgan Chase & Co. boosted their price target on shares of Dana from $14.00 to $20.00 and gave the company an “overweight” rating in a research note on Monday, January 27th. Royal Bank of Canada upped their target price on shares of Dana from $13.00 to $16.00 and gave the stock a “sector perform” rating in a research note on Friday, February 21st. UBS Group upped their target price on shares of Dana from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, May 1st. Finally, Barclays upped their target price on shares of Dana from $17.00 to $20.00 and gave the stock an “overweight” rating in a research note on Friday, May 2nd. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $18.57.

Dana Price Performance

Dana stock opened at $16.46 on Thursday. The company’s 50 day simple moving average is $13.55 and its 200-day simple moving average is $13.07. The company has a market capitalization of $2.40 billion, a price-to-earnings ratio of -42.19, a price-to-earnings-growth ratio of 0.72 and a beta of 2.07. Dana has a 1 year low of $7.58 and a 1 year high of $16.90. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.86 and a current ratio of 1.45.

Dana (NYSE:DAN) last released its quarterly earnings results on Wednesday, April 30th. The auto parts company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.04). The company had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.28 billion. Dana had a negative net margin of 0.55% and a positive return on equity of 6.70%. Dana’s revenue was down 14.0% on a year-over-year basis. During the same period last year, the firm posted $0.02 earnings per share. As a group, equities research analysts expect that Dana will post 1.5 earnings per share for the current year.

Dana Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Saturday, May 31st. Investors of record on Saturday, May 10th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.43%. Dana’s payout ratio is currently -166.67%.

Institutional Investors Weigh In On Dana

Several large investors have recently added to or reduced their stakes in DAN. Sterling Capital Management LLC grew its holdings in Dana by 829.3% during the 4th quarter. Sterling Capital Management LLC now owns 4,182 shares of the auto parts company’s stock worth $48,000 after acquiring an additional 3,732 shares in the last quarter. Cornerstone Investment Partners LLC acquired a new position in Dana during the 1st quarter worth approximately $146,000. GAMMA Investing LLC grew its holdings in Dana by 1,495.0% during the 1st quarter. GAMMA Investing LLC now owns 43,096 shares of the auto parts company’s stock worth $574,000 after acquiring an additional 40,394 shares in the last quarter. SG Americas Securities LLC grew its holdings in Dana by 3.8% during the 1st quarter. SG Americas Securities LLC now owns 44,968 shares of the auto parts company’s stock worth $599,000 after acquiring an additional 1,662 shares in the last quarter. Finally, State of Tennessee Department of Treasury grew its holdings in Dana by 6.6% during the 4th quarter. State of Tennessee Department of Treasury now owns 54,271 shares of the auto parts company’s stock worth $627,000 after acquiring an additional 3,368 shares in the last quarter. 96.79% of the stock is owned by hedge funds and other institutional investors.

About Dana

Dana Incorporated, together with its subsidiaries, provides power-conveyance and energy-management solutions for vehicles and machinery in North America, Europe, South America, and the Asia Pacific. The company operates through four segments: Light Vehicle Drive Systems, Commercial Vehicle Drive and Motion Systems, Off-Highway Drive and Motion Systems, and Power Technologies.