Dana Incorporated (NYSE:DAN – Get Free Report) has received a consensus recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $21.2857.
A number of equities analysts have recently issued reports on the company. Barclays restated an “overweight” rating and set a $25.00 price objective (up from $20.00) on shares of Dana in a research report on Thursday, June 12th. JPMorgan Chase & Co. dropped their price target on shares of Dana from $24.00 to $23.00 and set an “overweight” rating on the stock in a research report on Monday, July 21st. Wall Street Zen upgraded shares of Dana from a “hold” rating to a “buy” rating in a research report on Thursday, May 22nd. UBS Group restated a “buy” rating and issued a $23.00 target price (up previously from $22.00) on shares of Dana in a report on Monday, July 14th. Finally, Wells Fargo & Company reiterated a “buy” rating on shares of Dana in a report on Thursday, June 12th.
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Insider Transactions at Dana
In other Dana news, CAO James D. Kellett sold 11,728 shares of the stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $18.65, for a total transaction of $218,727.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.46% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC grew its holdings in Dana by 1,495.0% in the first quarter. GAMMA Investing LLC now owns 43,096 shares of the auto parts company’s stock worth $574,000 after purchasing an additional 40,394 shares during the period. SG Americas Securities LLC boosted its position in shares of 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 purchasing an additional 1,662 shares in the last quarter. JB Capital Partners LP boosted its position in shares of Dana by 1.1% during the 1st quarter. JB Capital Partners LP now owns 1,852,293 shares of the auto parts company’s stock worth $24,524,000 after purchasing an additional 20,000 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new stake in shares of Dana in the 1st quarter valued at about $2,434,000. Finally, Cornerstone Investment Partners LLC bought a new stake in Dana in the 1st quarter valued at about $146,000. Institutional investors and hedge funds own 96.79% of the company’s stock.
Dana Trading Up 1.8%
Shares of NYSE DAN opened at $20.67 on Friday. The firm has a 50 day moving average price of $17.83 and a two-hundred day moving average price of $15.78. The stock has a market cap of $2.71 billion, a P/E ratio of -129.16, a price-to-earnings-growth ratio of 1.88 and a beta of 2.12. Dana has a 52-week low of $7.58 and a 52-week high of $20.69. The company has a debt-to-equity ratio of 2.02, a quick ratio of 1.00 and a current ratio of 1.36.
Dana (NYSE:DAN – Get Free Report) last issued 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). The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $2.55 billion. Dana had a positive return on equity of 5.65% and a negative net margin of 0.26%.The business’s revenue for the quarter was down 5.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.31 EPS. As a group, equities analysts forecast that Dana will post 1.5 EPS for the current year.
Dana Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 8th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Friday, August 8th. Dana’s payout ratio is presently -250.00%.
Dana Company Profile
(Get Free Report)
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.
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