Dana (NYSE:DAN) Rating Lowered to Hold at StockNews.com

StockNews.com downgraded shares of Dana (NYSE:DAN) from a buy rating to a hold rating in a research report released on Tuesday.

A number of other research firms have also weighed in on DAN. UBS Group lowered their price target on shares of Dana from $14.00 to $12.00 and set a neutral rating on the stock in a research report on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft restated a hold rating and set a $12.00 target price on shares of Dana in a report on Tuesday. Wells Fargo & Company increased their price target on Dana from $12.00 to $13.00 and gave the company an equal weight rating in a report on Thursday, August 1st. Wolfe Research started coverage on Dana in a report on Thursday, September 5th. They issued a peer perform rating for the company. Finally, Barclays lifted their price target on Dana from $15.00 to $16.00 and gave the stock an equal weight rating in a report on Friday, August 2nd. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of Hold and a consensus target price of $14.67.

Dana Stock Performance

NYSE DAN opened at $9.49 on Tuesday. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.48 and a quick ratio of 0.90. The stock’s 50 day simple moving average is $11.30 and its 200-day simple moving average is $12.27. The company has a market cap of $1.38 billion, a PE ratio of 105.46 and a beta of 2.29. Dana has a 1-year low of $9.40 and a 1-year high of $15.91.

Dana (NYSE:DAN) last announced its quarterly earnings data on Wednesday, July 31st. The auto parts company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.07. Dana had a positive return on equity of 4.98% and a negative net margin of 0.01%. The company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.76 billion. During the same quarter last year, the firm posted $0.37 EPS. The firm’s revenue for the quarter was down .4% on a year-over-year basis. As a group, equities research analysts anticipate that Dana will post 0.9 EPS for the current fiscal year.

Dana Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 9th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 4.21%. The ex-dividend date of this dividend was Friday, August 9th. Dana’s dividend payout ratio (DPR) is presently 444.49%.

Institutional Trading of Dana

A number of hedge funds and other institutional investors have recently modified their holdings of the business. SG Americas Securities LLC acquired a new position in Dana in the second quarter valued at about $388,000. Great Lakes Advisors LLC raised its stake in shares of Dana by 89.5% in the 4th quarter. Great Lakes Advisors LLC now owns 126,015 shares of the auto parts company’s stock valued at $1,841,000 after acquiring an additional 59,502 shares during the period. Rhumbline Advisers lifted its holdings in shares of Dana by 1.3% in the 2nd quarter. Rhumbline Advisers now owns 426,586 shares of the auto parts company’s stock worth $5,170,000 after acquiring an additional 5,468 shares during the last quarter. Finally, Cibc World Markets Corp boosted its position in shares of Dana by 46.0% during the 4th 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. 96.79% of the stock is owned by institutional investors and hedge funds.

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.