Deutsche Bank Aktiengesellschaft Reaffirms “Hold” Rating for Dana (NYSE:DAN)

Deutsche Bank Aktiengesellschaft reaffirmed their hold rating on shares of Dana (NYSE:DAN) in a research note released on Tuesday, Marketbeat reports. They currently have a $12.00 price target on the auto parts company’s stock.

Other equities research analysts also recently issued research reports about the company. Barclays raised their price objective on Dana from $15.00 to $16.00 and gave the company an equal weight rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. reduced their price target on shares of Dana from $18.00 to $17.00 and set an overweight rating for the company in a research report on Monday, July 22nd. Wolfe Research assumed coverage on Dana in a report on Thursday, September 5th. They set a peer perform rating on the stock. Wells Fargo & Company increased their price target on shares of Dana from $12.00 to $13.00 and gave the stock an equal weight rating in a report on Thursday, August 1st. Finally, UBS Group cut their price target on Dana from $14.00 to $12.00 and set a neutral rating for the company in a research note on Wednesday, July 10th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Dana has a consensus rating of Hold and a consensus price target of $14.67.

Dana Stock Performance

Shares of NYSE:DAN opened at $9.34 on Tuesday. The firm has a fifty day simple moving average of $11.20 and a two-hundred day simple moving average of $12.23. Dana has a 52 week low of $9.16 and a 52 week high of $15.90. The company has a quick ratio of 0.90, a current ratio of 1.48 and a debt-to-equity ratio of 1.55. The stock has a market capitalization of $1.35 billion, a P/E ratio of 103.78 and a beta of 2.29.

Dana (NYSE:DAN) last issued its quarterly earnings results on Wednesday, July 31st. The auto parts company reported $0.31 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.76 billion. During the same period last year, the company earned $0.37 EPS. Dana’s quarterly revenue was down .4% compared to the same quarter last year. On average, analysts expect that Dana will post 0.9 earnings per share for the current fiscal year.

Dana Announces Dividend

The company 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. The ex-dividend date of this dividend was Friday, August 9th. This represents a $0.40 annualized dividend and a dividend yield of 4.28%. Dana’s dividend payout ratio (DPR) is 444.44%.

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 purchased a new position in shares of Dana during the 2nd quarter worth approximately $388,000. Great Lakes Advisors LLC raised its holdings 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 buying an additional 59,502 shares during the period. Rhumbline Advisers increased its stake in Dana by 1.3% during the 2nd quarter. Rhumbline Advisers now owns 426,586 shares of the auto parts company’s stock worth $5,170,000 after buying an additional 5,468 shares during the period. Finally, Cibc World Markets Corp lifted its holdings 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 buying an additional 375,000 shares in the last quarter. 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.