Dana Incorporated (NYSE:DAN) Receives Average Recommendation of "Hold" from Analysts

Shares of Dana Incorporated (NYSE:DAN - Get Free Report) have been assigned an average recommendation of "Hold" from the six brokerages that are presently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $16.43.

A number of analysts have recently commented on the stock. Barclays reduced their price target on shares of Dana from $16.00 to $15.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 28th. JPMorgan Chase & Co. dropped their price objective on shares of Dana from $19.00 to $18.00 and set an "overweight" rating on the stock in a report on Monday, February 26th. Finally, Wells Fargo & Company dropped their price objective on shares of Dana from $14.00 to $13.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 21st.

Hedge Funds Weigh In On Dana

A number of institutional investors and hedge funds have recently made changes to their positions in DAN. Cibc World Markets Corp boosted its position in shares of Dana by 46.0% in the fourth quarter. Cibc World Markets Corp now owns 1,190,000 shares of the auto parts company's stock worth $17,386,000 after purchasing an additional 375,000 shares during the period. Knights of Columbus Asset Advisors LLC boosted its position in shares of Dana by 164.0% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 284,582 shares of the auto parts company's stock worth $4,158,000 after acquiring an additional 176,778 shares during the last quarter. Neo Ivy Capital Management bought a new position in shares of Dana during the third quarter worth $1,602,000. Great Lakes Advisors LLC boosted its position in shares of Dana by 89.5% during the fourth quarter. Great Lakes Advisors LLC now owns 126,015 shares of the auto parts company's stock worth $1,841,000 after acquiring an additional 59,502 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Dana during the third quarter worth $567,000. Hedge funds and other institutional investors own 96.79% of the company's stock.

Dana Stock Performance

Shares of DAN stock traded up $0.16 during trading hours on Tuesday, reaching $12.48. The company had a trading volume of 752,947 shares, compared to its average volume of 1,250,197. The business has a fifty day moving average price of $12.41 and a 200-day moving average price of $13.02. Dana has a one year low of $11.10 and a one year high of $19.75. The firm has a market cap of $1.81 billion, a PE ratio of 48.00, a price-to-earnings-growth ratio of 0.35 and a beta of 2.49. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.93 and a current ratio of 1.58.

Dana (NYSE:DAN - Get Free Report) last announced its quarterly earnings results on Tuesday, February 20th. The auto parts company reported ($0.08) EPS for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.06). Dana had a return on equity of 7.37% and a net margin of 0.36%. The company had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.58 billion. During the same quarter in the prior year, the firm earned ($0.10) earnings per share. The business's revenue was down 2.4% compared to the same quarter last year. Sell-side analysts predict that Dana will post 0.99 earnings per share for the current fiscal year.

Dana Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 1st were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date of this dividend was Thursday, February 29th. Dana's payout ratio is 153.85%.

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.