Dana Incorporated (NYSE:DAN) had its price objective hoisted by Buckingham Research from $25.00 to $32.00 in a research report released on Friday. Buckingham Research currently has a neutral rating on the auto parts company’s stock.
A number of other analysts have also commented on DAN. BidaskClub raised Dana from a hold rating to a buy rating in a report on Saturday, July 1st. Zacks Investment Research lowered Dana from a buy rating to a hold rating in a report on Tuesday, July 4th. UBS AG lowered Dana to a neutral rating in a report on Thursday, July 13th. Susquehanna Bancshares Inc lowered Dana from a neutral rating to a negative rating and set a $19.00 price objective for the company. in a report on Thursday, July 13th. Finally, Barclays PLC lowered Dana from an overweight rating to an equal weight rating and boosted their price objective for the stock from $23.00 to $24.00 in a report on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Dana presently has an average rating of Hold and an average price target of $27.00.
Dana (NYSE:DAN) opened at 30.18 on Friday. The company has a market capitalization of $4.37 billion, a P/E ratio of 6.40 and a beta of 1.56. Dana has a 12-month low of $14.53 and a 12-month high of $30.52. The company’s 50 day moving average price is $27.82 and its 200-day moving average price is $23.40.
Dana (NYSE:DAN) last issued its quarterly earnings data on Thursday, October 26th. The auto parts company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.03. The firm had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.71 billion. Dana had a return on equity of 29.34% and a net margin of 10.27%. The company’s revenue for the quarter was up 32.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.49 EPS. Equities analysts forecast that Dana will post $2.36 earnings per share for the current fiscal year.
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The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 10th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.80%. The ex-dividend date is Thursday, November 9th. Dana’s dividend payout ratio is presently 5.02%.
Hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada grew its holdings in shares of Dana by 47.3% in the second quarter. Royal Bank of Canada now owns 208,043 shares of the auto parts company’s stock valued at $4,646,000 after acquiring an additional 66,827 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Dana by 51.0% in the second quarter. SG Americas Securities LLC now owns 60,545 shares of the auto parts company’s stock valued at $1,352,000 after acquiring an additional 20,451 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Dana by 3.3% in the second quarter. Vanguard Group Inc. now owns 12,122,567 shares of the auto parts company’s stock valued at $270,696,000 after acquiring an additional 391,487 shares in the last quarter. Great West Life Assurance Co. Can grew its holdings in shares of Dana by 1.1% in the second quarter. Great West Life Assurance Co. Can now owns 85,680 shares of the auto parts company’s stock valued at $1,912,000 after acquiring an additional 942 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of Dana by 3.2% in the first quarter. Principal Financial Group Inc. now owns 594,304 shares of the auto parts company’s stock valued at $11,476,000 after acquiring an additional 18,158 shares in the last quarter. 98.41% of the stock is owned by institutional investors.
Dana Incorporated, formerly Dana Holding Corporation, is a global provider of technology driveline, sealing and thermal-management products. The Company operates in four segments: Light Vehicle Driveline Technologies (Light Vehicle), Commercial Vehicle Driveline Technologies (Commercial Vehicle), Off-Highway Driveline Technologies (Off-Highway) and Power Technologies.
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