Dana Incorporated (NYSE:DAN) Given Consensus Rating of "Hold" by Analysts

Key Points

• Analysts have a consensus “Hold” rating on Dana, with four buys, four holds and one sell across nine brokerages. The average 12-month price target is $37.00.
• Dana’s latest quarterly earnings fell short of expectations, with EPS of $0.14 versus the $0.32 consensus estimate, although revenue reached $1.87 billion.
• The company declared a quarterly dividend of $0.12 per share, equivalent to an annualized $0.48 payout and a 1.8% yield; institutional investors own 96.79% of Dana’s stock.

Dana Incorporated (NYSE:DAN - Get Free Report) has received a consensus rating of "Hold" from the nine brokerages that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $37.00.

DAN has been the topic of several analyst reports. Weiss Ratings downgraded shares of Dana from a "buy (b-)" rating to a "hold (c+)" rating in a report on Monday, July 6th. JPMorgan Chase & Co. raised their price objective on shares of Dana from $39.00 to $45.00 and gave the company an "overweight" rating in a research report on Thursday, April 23rd. Wall Street Zen cut shares of Dana from a "buy" rating to a "hold" rating in a research note on Sunday, April 19th. Zacks Research downgraded Dana from a "hold" rating to a "strong sell" rating in a research report on Tuesday, June 16th. Finally, Wells Fargo & Company dropped their price objective on Dana from $36.00 to $33.00 and set an "equal weight" rating for the company in a research note on Friday, June 12th.

Hedge Funds Weigh In On Dana

Several hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC boosted its position in shares of Dana by 39.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,580 shares of the auto parts company's stock worth $38,000 after acquiring an additional 445 shares during the last quarter. Parallel Advisors LLC lifted its stake in Dana by 105.2% in the 1st quarter. Parallel Advisors LLC now owns 1,925 shares of the auto parts company's stock worth $65,000 after purchasing an additional 987 shares in the last quarter. GAMMA Investing LLC lifted its stake in Dana by 11.3% in the 4th quarter. GAMMA Investing LLC now owns 4,315 shares of the auto parts company's stock worth $103,000 after purchasing an additional 439 shares in the last quarter. Captrust Financial Advisors bought a new position in shares of Dana during the 2nd quarter valued at about $176,000. Finally, Catalyst Funds Management Pty Ltd bought a new position in shares of Dana during the 4th quarter valued at about $309,000. Hedge funds and other institutional investors own 96.79% of the company's stock.

Dana Stock Performance

NYSE:DAN opened at $26.99 on Monday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.09 and a current ratio of 1.57. The stock has a 50-day simple moving average of $30.32 and a two-hundred day simple moving average of $31.96. The firm has a market capitalization of $2.92 billion, a PE ratio of 2.62 and a beta of 1.99. Dana has a 52-week low of $15.31 and a 52-week high of $39.56.

Dana (NYSE:DAN - Get Free Report) last posted its quarterly earnings data on Friday, May 15th. The auto parts company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.18). The company had revenue of $1.87 billion during the quarter. Dana had a return on equity of 3.56% and a net margin of 15.12%. Analysts forecast that Dana will post 2.07 EPS for the current year.

Dana Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 7th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Friday, August 7th. Dana's dividend payout ratio (DPR) is 4.66%.

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.

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