Barclays PLC upgraded shares of Dana Holding Corp. (NYSE:DAN) from an equal weight rating to an overweight rating in a research note published on Friday. They currently have $20.00 price objective on the stock, up from their prior price objective of $12.00. The analysts noted that the move was a valuation call.

Several other research analysts also recently issued reports on DAN. FBR & Co reiterated a buy rating and issued a $17.00 target price on shares of Dana Holding Corp. in a research note on Friday, July 22nd. Zacks Investment Research upgraded shares of Dana Holding Corp. from a sell rating to a hold rating in a research note on Monday, July 25th. RBC Capital Markets reiterated a sector perform rating and issued a $14.00 target price (up previously from $11.00) on shares of Dana Holding Corp. in a research note on Sunday, July 24th. Finally, Royal Bank Of Canada upped their target price on shares of Dana Holding Corp. from $11.00 to $14.00 and gave the stock a sector perform rating in a research note on Friday, July 22nd. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has an average rating of Hold and an average target price of $17.00.

Dana Holding Corp. (NYSE:DAN) opened at 15.21 on Friday. The company has a 50-day moving average of $14.08 and a 200-day moving average of $12.85. The stock has a market capitalization of $2.19 billion, a price-to-earnings ratio of 17.07 and a beta of 1.94. Dana Holding Corp. has a 1-year low of $9.80 and a 1-year high of $18.12.

Dana Holding Corp. (NYSE:DAN) last issued its earnings results on Thursday, July 21st. The company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.07. The firm had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.52 billion. Dana Holding Corp. had a net margin of 2.31% and a return on equity of 26.75%. The business’s revenue was down 3.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.48 earnings per share. Analysts anticipate that Dana Holding Corp. will post $1.71 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Friday, August 19th were given a dividend of $0.06 per share. The ex-dividend date was Wednesday, August 17th. This represents a $0.24 dividend on an annualized basis and a yield of 1.60%. Dana Holding Corp.’s dividend payout ratio (DPR) is 27.59%.

In related news, Director Mark A. Schulz sold 10,201 shares of the stock in a transaction that occurred on Friday, September 2nd. The shares were sold at an average price of $14.60, for a total transaction of $148,934.60. Following the transaction, the director now owns 20,000 shares in the company, valued at $292,000. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Mark A. Schulz sold 5,444 shares of the stock in a transaction that occurred on Tuesday, August 23rd. The shares were sold at an average price of $14.43, for a total transaction of $78,556.92. Following the transaction, the director now owns 30,201 shares in the company, valued at approximately $435,800.43. The disclosure for this sale can be found here. Corporate insiders own 0.80% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of DAN. Vanguard Group Inc. increased its position in shares of Dana Holding Corp. by 2.0% in the second quarter. Vanguard Group Inc. now owns 10,754,648 shares of the company’s stock worth $113,569,000 after buying an additional 211,829 shares during the period. BlackRock Fund Advisors increased its position in shares of Dana Holding Corp. by 0.8% in the second quarter. BlackRock Fund Advisors now owns 7,355,786 shares of the company’s stock worth $77,677,000 after buying an additional 55,606 shares during the period. Gamco Investors INC. ET AL increased its position in shares of Dana Holding Corp. by 10.3% in the second quarter. Gamco Investors INC. ET AL now owns 5,566,161 shares of the company’s stock worth $58,779,000 after buying an additional 521,815 shares during the period. DNB Asset Management AS increased its position in shares of Dana Holding Corp. by 57.8% in the second quarter. DNB Asset Management AS now owns 4,921,071 shares of the company’s stock worth $51,967,000 after buying an additional 1,801,898 shares during the period. Finally, BlackRock Institutional Trust Company N.A. increased its position in shares of Dana Holding Corp. by 2.7% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 4,513,793 shares of the company’s stock worth $47,666,000 after buying an additional 117,801 shares during the period. Institutional investors own 99.29% of the company’s stock.

About Dana Holding Corp.

Dana Inc, formerly Dana Holding Corporation, is a provider of high technology driveline, sealing and thermal-management products. The Company offers its products to vehicle manufacturers in the global light vehicle, medium/heavy vehicle and off-highway markets. The Company operates in four segments: Light Vehicle Driveline Technologies (Light Vehicle), Commercial Vehicle Driveline Technologies (Commercial Vehicle), Off-Highway Driveline Technologies (Off-Highway) and Power Technologies.

5 Day Chart for NYSE:DAN

Receive News & Ratings for Dana Holding Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dana Holding Corp. and related companies with Analyst Ratings Network's FREE daily email newsletter.