TheStreet upgraded shares of Dana (NYSE:DAN) from a c rating to a b- rating in a research report released on Thursday morning, TheStreetRatingsTable reports.
A number of other research analysts have also recently weighed in on DAN. Barclays reduced their target price on Dana from $24.00 to $22.00 and set an overweight rating on the stock in a report on Thursday, September 12th. Bank of America upgraded Dana from a neutral rating to a buy rating in a report on Friday, September 13th. They noted that the move was a valuation call. UBS Group reduced their target price on Dana from $22.00 to $21.00 and set a buy rating on the stock in a report on Thursday, September 12th. KeyCorp reduced their price objective on Dana from $22.00 to $20.00 and set an overweight rating on the stock in a research note on Thursday, September 12th. Finally, ValuEngine cut Dana from a sell rating to a strong sell rating in a research note on Saturday, October 19th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $20.75.
Dana stock traded down $0.01 during midday trading on Thursday, reaching $17.82. The stock had a trading volume of 1,300,322 shares, compared to its average volume of 1,786,230. Dana has a twelve month low of $11.57 and a twelve month high of $20.96. The stock has a market capitalization of $2.50 billion, a PE ratio of 6.00, a price-to-earnings-growth ratio of 1.76 and a beta of 2.23. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.03 and a current ratio of 1.64. The stock’s 50-day simple moving average is $15.32 and its 200 day simple moving average is $16.13.
Dana (NYSE:DAN) last issued its earnings results on Wednesday, October 30th. The auto parts company reported $0.74 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.01. Dana had a return on equity of 26.97% and a net margin of 2.80%. The firm had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.16 billion. During the same quarter last year, the firm earned $0.77 earnings per share. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. Equities analysts predict that Dana will post 3.09 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 8th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date of this dividend is Thursday, November 7th. Dana’s dividend payout ratio is presently 13.47%.
In other Dana news, insider Robert D. Pyle sold 32,851 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $17.42, for a total transaction of $572,264.42. Following the transaction, the insider now owns 72,048 shares in the company, valued at $1,255,076.16. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Jonathan Mark Collins sold 10,000 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $17.62, for a total value of $176,200.00. Following the transaction, the chief financial officer now owns 7,015 shares in the company, valued at approximately $123,604.30. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 122,421 shares of company stock worth $1,965,648. 0.75% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. DekaBank Deutsche Girozentrale increased its position in shares of Dana by 260.9% during the second quarter. DekaBank Deutsche Girozentrale now owns 118,750 shares of the auto parts company’s stock worth $2,326,000 after acquiring an additional 85,850 shares during the last quarter. Gabelli Funds LLC increased its position in shares of Dana by 0.4% during the second quarter. Gabelli Funds LLC now owns 2,353,532 shares of the auto parts company’s stock worth $46,929,000 after acquiring an additional 8,500 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Dana by 7.7% during the second quarter. Charles Schwab Investment Management Inc. now owns 1,557,552 shares of the auto parts company’s stock worth $31,058,000 after acquiring an additional 111,974 shares during the last quarter. Comerica Bank increased its position in shares of Dana by 1.1% during the second quarter. Comerica Bank now owns 769,253 shares of the auto parts company’s stock worth $14,131,000 after acquiring an additional 8,221 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Dana by 33.6% during the second quarter. JPMorgan Chase & Co. now owns 1,300,446 shares of the auto parts company’s stock worth $25,229,000 after acquiring an additional 326,982 shares during the last quarter. 94.84% of the stock is currently owned by institutional investors and hedge funds.
Dana Company Profile
Dana Incorporated provides drive and motion products, sealing solutions, thermal-management technologies, and fluid-power products to vehicle and engine manufacturer in North America, Europe, South America, and the Asia Pacific. The company operates in four segments: Light Vehicle Driveline Technologies, Commercial Vehicle Driveline Technologies, Off-Highway Drive and Motion Technologies, and Power Technologies.
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