Dana (NYSE:DAN) PT Raised to $16.00

Dana (NYSE:DAN) had its price objective increased by Barclays from $15.00 to $16.00 in a report issued on Friday morning, Benzinga reports. They currently have an equal weight rating on the auto parts company’s stock.

Several other research firms have also recently issued reports on DAN. Oppenheimer upped their price objective on Dana from $17.00 to $18.00 and gave the stock an outperform rating in a research report on Wednesday, May 1st. Wells Fargo & Company raised their price target on Dana from $12.00 to $13.00 and gave the stock an equal weight rating in a report on Thursday, August 1st. JPMorgan Chase & Co. dropped their price target on shares of Dana from $18.00 to $17.00 and set an overweight rating on the stock in a research note on Monday, July 22nd. Finally, 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. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and an average price target of $15.20.

Dana Stock Performance

NYSE DAN traded up $0.05 during trading hours on Friday, reaching $10.88. The stock had a trading volume of 325,422 shares, compared to its average volume of 1,235,078. Dana has a 52-week low of $10.24 and a 52-week high of $18.19. The stock has a market cap of $1.58 billion, a P/E ratio of 119.67 and a beta of 2.33. The stock has a fifty day moving average of $12.52 and a 200 day moving average of $12.76. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.97 and a current ratio of 1.48.

Dana (NYSE:DAN) last posted its quarterly earnings results on Wednesday, July 31st. The auto parts company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.07. Dana had a negative net margin of 0.01% and a positive return on equity of 4.98%. The firm had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.76 billion. During the same period last year, the firm posted $0.37 earnings per share. The company’s revenue for the quarter was down .4% on a year-over-year basis. Sell-side analysts predict that Dana will post 1.05 earnings per share for the current year.

Dana Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 9th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date of this dividend is Friday, August 9th. Dana’s dividend payout ratio (DPR) is presently 444.44%.

Hedge Funds Weigh In On Dana

Several institutional investors have recently bought and sold shares of DAN. Cibc World Markets Corp lifted its position in 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 acquiring an additional 375,000 shares during the last quarter. Great Lakes Advisors LLC grew its holdings in Dana by 89.5% during the 4th 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. Knights of Columbus Asset Advisors LLC raised its position in Dana by 164.0% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 284,582 shares of the auto parts company’s stock worth $4,158,000 after purchasing an additional 176,778 shares during the last quarter. Handelsbanken Fonder AB lifted its stake in shares of Dana by 71.5% during the fourth quarter. Handelsbanken Fonder AB now owns 35,490 shares of the auto parts company’s stock valued at $519,000 after acquiring an additional 14,800 shares during the period. Finally, Rhumbline Advisers boosted its stake in Dana by 1.3% in the second quarter. Rhumbline Advisers now owns 426,586 shares of the auto parts company’s stock valued at $5,170,000 after acquiring an additional 5,468 shares during the last quarter. 96.79% of the stock is currently owned by institutional investors.

Dana Company Profile

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.