Dana Incorporated (NYSE:DAN) Receives Consensus Rating of "Moderate Buy" from Analysts

Dana Incorporated (NYSE:DAN - Get Free Report) has earned an average recommendation of "Moderate Buy" from the eight research firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $20.57.

A number of equities research analysts have recently issued reports on DAN shares. Barclays reiterated an "overweight" rating and set a $25.00 price objective (up previously from $20.00) on shares of Dana in a research note on Thursday, June 12th. Wall Street Zen upgraded Dana from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. UBS Group reiterated a "buy" rating and set a $23.00 price objective (up previously from $22.00) on shares of Dana in a research note on Monday, July 14th. Wells Fargo & Company reiterated a "buy" rating on shares of Dana in a research note on Thursday, June 12th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and set a $24.00 price objective (up previously from $20.00) on shares of Dana in a research note on Thursday, June 12th.

Hedge Funds Weigh In On Dana

Several large investors have recently bought and sold shares of DAN. Cibc World Markets Corp raised its position in Dana by 1.8% in the fourth quarter. Cibc World Markets Corp now owns 687,220 shares of the auto parts company's stock valued at $7,944,000 after purchasing an additional 12,220 shares during the last quarter. Loomis Sayles & Co. L P bought a new position in shares of Dana during the fourth quarter worth about $9,498,000. JB Capital Partners LP raised its position in shares of Dana by 28.6% during the fourth quarter. JB Capital Partners LP now owns 1,832,293 shares of the auto parts company's stock worth $21,181,000 after acquiring an additional 407,000 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of Dana by 1.9% during the fourth quarter. Russell Investments Group Ltd. now owns 936,143 shares of the auto parts company's stock worth $10,822,000 after acquiring an additional 17,569 shares during the last quarter. Finally, Sterling Capital Management LLC raised its position in shares of Dana by 829.3% during the fourth quarter. Sterling Capital Management LLC now owns 4,182 shares of the auto parts company's stock worth $48,000 after acquiring an additional 3,732 shares during the last quarter. 96.79% of the stock is currently owned by institutional investors.

Dana Trading Down 2.2%

Shares of Dana stock traded down $0.37 during trading on Thursday, hitting $16.33. 4,097,836 shares of the company were exchanged, compared to its average volume of 1,887,695. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.43 and a quick ratio of 0.85. The firm's fifty day moving average price is $16.93 and its 200 day moving average price is $14.86. Dana has a 1-year low of $7.58 and a 1-year high of $18.05. The firm has a market capitalization of $2.38 billion, a P/E ratio of -68.04, a price-to-earnings-growth ratio of 1.04 and a beta of 2.09.

Dana (NYSE:DAN - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The auto parts company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.04). The business had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.28 billion. Dana had a negative net margin of 0.35% and a positive return on equity of 7.96%. Dana's revenue for the quarter was down 14.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.02 earnings per share. As a group, sell-side analysts expect that Dana will post 1.5 earnings per share for the current fiscal year.

Dana Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, May 31st. Stockholders of record on Saturday, May 10th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.45%. Dana's dividend payout ratio (DPR) is currently -166.67%.

About Dana

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.