Dana Incorporated (NYSE:DAN) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Dana Incorporated (NYSE:DAN) has been assigned an average recommendation of “Moderate Buy” from the eight analysts that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $21.5714.

Several equities analysts have weighed in on the stock. Cfra Research upgraded shares of Dana from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, August 5th. Wall Street Zen upgraded shares of Dana from a “hold” rating to a “buy” rating in a report on Thursday, May 22nd. UBS Group restated a “buy” rating and set a $23.00 price target (up from $22.00) on shares of Dana in a report on Monday, July 14th. Wells Fargo & Company boosted their price target on shares of Dana from $18.00 to $19.00 and gave the company an “equal weight” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. lowered their price target on shares of Dana from $24.00 to $23.00 and set an “overweight” rating on the stock in a report on Monday, July 21st.

Dana Trading Down 0.9%

NYSE DAN opened at $20.58 on Friday. Dana has a twelve month low of $7.58 and a twelve month high of $20.92. The company has a debt-to-equity ratio of 2.02, a quick ratio of 1.00 and a current ratio of 1.36. The stock has a market cap of $2.70 billion, a price-to-earnings ratio of -128.63, a PEG ratio of 1.92 and a beta of 2.12. The firm’s 50 day moving average price is $18.03 and its two-hundred day moving average price is $15.87.

Dana (NYSE:DAN) last posted its quarterly earnings data on Monday, August 11th. The auto parts company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.35). Dana had a positive return on equity of 5.65% and a negative net margin of 0.26%.The firm had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $2.55 billion. During the same quarter in the previous year, the firm posted $0.31 earnings per share. The company’s revenue for the quarter was down 5.5% on a year-over-year basis. Equities analysts anticipate that Dana will post 1.5 EPS for the current year.

Dana Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 8th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Friday, August 8th. Dana’s payout ratio is currently -250.00%.

Insider Activity

In other news, CAO James D. Kellett sold 11,728 shares of Dana stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $18.65, for a total transaction of $218,727.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.46% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Dana

Institutional investors have recently made changes to their positions in the company. FNY Investment Advisers LLC bought a new stake in shares of Dana in the second quarter valued at about $25,000. SG Americas Securities LLC lifted its stake in shares of Dana by 3.8% in the first quarter. SG Americas Securities LLC now owns 44,968 shares of the auto parts company’s stock valued at $599,000 after buying an additional 1,662 shares during the period. State of Tennessee Department of Treasury lifted its stake in shares of Dana by 10.7% in the second quarter. State of Tennessee Department of Treasury now owns 55,842 shares of the auto parts company’s stock valued at $958,000 after buying an additional 5,405 shares during the period. Rhumbline Advisers grew its position in Dana by 2.2% in the second quarter. Rhumbline Advisers now owns 401,017 shares of the auto parts company’s stock valued at $6,877,000 after acquiring an additional 8,787 shares during the period. Finally, Captrust Financial Advisors acquired a new stake in shares of Dana during the second quarter worth approximately $176,000. 96.79% of the stock is currently owned by institutional investors and hedge funds.

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.