Dana (NYSE:DAN) Upgraded by Zacks Research to Hold Rating

Zacks Research upgraded shares of Dana (NYSE:DAN) from a strong sell rating to a hold rating in a report released on Tuesday,Zacks reports.

A number of other brokerages also recently weighed in on DAN. UBS Group lowered their target price on shares of Dana from $39.00 to $38.00 and set a “buy” rating on the stock in a report on Friday, August 7th. Barclays upped their target price on shares of Dana from $33.00 to $35.00 and gave the company an “equal weight” rating in a report on Friday, August 14th. Royal Bank Of Canada lifted their price target on Dana from $33.00 to $37.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Deutsche Bank Aktiengesellschaft dropped their price objective on Dana from $40.00 to $39.00 and set a “buy” rating on the stock in a research note on Tuesday, July 7th. Finally, Wells Fargo & Company reduced their target price on Dana from $33.00 to $28.00 and set an “equal weight” rating for the company in a research note on Friday, August 7th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Dana presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.00.

Dana Trading Down 2.8%

Dana stock opened at $30.40 on Tuesday. The company has a market cap of $3.27 billion, a price-to-earnings ratio of 3.03 and a beta of 2.01. The firm has a 50-day moving average of $28.63 and a 200-day moving average of $31.90. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.49 and a quick ratio of 1.03. Dana has a one year low of $17.74 and a one year high of $39.56.

Dana (NYSE:DAN) last released its earnings results on Thursday, August 6th. The auto parts company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.51). The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.93 billion. Dana had a return on equity of 4.07% and a net margin of 14.55%.The business’s revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.13 EPS. Dana has set its FY 2026 guidance at 1.750-2.250 EPS. On average, equities analysts expect that Dana will post 1.93 earnings per share for the current fiscal year.

Dana Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 7th were given a dividend of $0.12 per share. The ex-dividend date was Friday, August 7th. This represents a $0.48 annualized dividend and a yield of 1.6%. Dana’s dividend payout ratio (DPR) is 4.78%.

Hedge Funds Weigh In On Dana

Institutional investors and hedge funds have recently made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its holdings in Dana by 39.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,580 shares of the auto parts company’s stock worth $38,000 after purchasing an additional 445 shares during the last quarter. Plato Investment Management Ltd acquired a new position in Dana in the 2nd quarter valued at $45,000. Pinnacle Holdings LLC bought a new position in Dana during the 2nd quarter worth $49,000. Northwestern Mutual Wealth Management Co. bought a new position in Dana during the 2nd quarter worth $49,000. Finally, Parallel Advisors LLC lifted its holdings in shares of Dana by 105.2% during the first quarter. Parallel Advisors LLC now owns 1,925 shares of the auto parts company’s stock worth $65,000 after buying an additional 987 shares in the last quarter. Institutional investors and hedge funds own 96.79% of the company’s stock.

About Dana

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.