Dana Holding Corp. (NYSE:DAN) Given Consensus Recommendation of “Hold” by Brokerages
Dana Holding Corp. (NYSE:DAN) has been given a consensus recommendation of “Hold” by the ten research firms that are presently covering the stock. Six investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $17.00.
A number of brokerages have commented on DAN. Barclays PLC raised Dana Holding Corp. from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $12.00 to $20.00 in a report on Friday. They noted that the move was a valuation call. Zacks Investment Research raised Dana Holding Corp. from a “sell” rating to a “hold” rating in a report on Monday, July 25th. RBC Capital Markets reissued a “sector perform” rating and set a $14.00 target price (up previously from $11.00) on shares of Dana Holding Corp. in a report on Sunday, July 24th. FBR & Co reissued a “buy” rating and set a $17.00 target price on shares of Dana Holding Corp. in a report on Friday, July 22nd. Finally, Royal Bank Of Canada increased their target price on Dana Holding Corp. from $11.00 to $14.00 and gave the company a “sector perform” rating in a report on Friday, July 22nd.
Dana Holding Corp. (NYSE:DAN) traded up 0.765% during mid-day trading on Monday, reaching $15.155. 836,532 shares of the company traded hands. The company’s 50-day moving average is $14.08 and its 200-day moving average is $12.85. Dana Holding Corp. has a 12-month low of $9.80 and a 12-month high of $18.12. The stock has a market capitalization of $2.18 billion, a price-to-earnings ratio of 17.009 and a beta of 1.94.
Dana Holding Corp. (NYSE:DAN) last issued its quarterly earnings results on Thursday, July 21st. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.07. The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.52 billion. Dana Holding Corp. had a return on equity of 26.75% and a net margin of 2.31%. Dana Holding Corp.’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.48 earnings per share. Equities analysts predict that Dana Holding Corp. will post $1.71 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Friday, August 19th were issued a $0.06 dividend. The ex-dividend date of this dividend was Wednesday, August 17th. This represents a $0.24 annualized dividend and a dividend yield of 1.60%. Dana Holding Corp.’s dividend payout ratio is presently 27.59%.
In related news, Director Mark A. Schulz sold 5,444 shares of the stock in a transaction that occurred on Tuesday, August 23rd. The stock was sold at an average price of $14.43, for a total value of $78,556.92. Following the completion of the sale, the director now owns 30,201 shares of the company’s stock, valued at $435,800.43. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, 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 value of $148,934.60. Following the completion of the sale, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $292,000. The disclosure for this sale can be found here. 0.80% of the stock is owned by corporate insiders.
Several large investors have recently bought and sold shares of the stock. Renaissance Technologies LLC bought a new stake in Dana Holding Corp. during the first quarter valued at approximately $1,475,000. Geode Capital Management LLC boosted its stake in Dana Holding Corp. by 0.3% in the first quarter. Geode Capital Management LLC now owns 1,318,242 shares of the company’s stock valued at $18,574,000 after buying an additional 3,974 shares during the period. Goldman Sachs Group Inc. boosted its stake in Dana Holding Corp. by 92.5% in the first quarter. Goldman Sachs Group Inc. now owns 1,647,598 shares of the company’s stock valued at $23,215,000 after buying an additional 791,733 shares during the period. AXA acquired a new stake in Dana Holding Corp. during the first quarter valued at about $785,000. Finally, UBS Group AG boosted its stake in Dana Holding Corp. by 95.9% in the first quarter. UBS Group AG now owns 229,688 shares of the company’s stock valued at $3,237,000 after buying an additional 112,425 shares during the period. 99.29% of the stock is owned by hedge funds and other institutional investors.
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.
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