Dana (NYSE:DAN) Stock Rating Lowered by Zacks Research

Dana (NYSE:DAN) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Tuesday,Zacks.com reports.

Other research analysts also recently issued reports about the company. JPMorgan Chase & Co. boosted their target price on Dana from $39.00 to $45.00 and gave the stock an “overweight” rating in a report on Thursday, April 23rd. Wall Street Zen downgraded Dana from a “buy” rating to a “hold” rating in a report on Sunday, April 19th. UBS Group upped their price objective on Dana from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Tuesday, April 14th. Barclays upped their price objective on Dana from $32.00 to $41.00 and gave the stock an “overweight” rating in a report on Monday, March 30th. Finally, Weiss Ratings raised Dana from a “hold (c-)” rating to a “buy (b-)” rating in a report on Monday, May 18th. Six equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $39.67.

Dana Stock Down 5.1%

Shares of DAN opened at $28.42 on Tuesday. The company has a market capitalization of $3.08 billion, a P/E ratio of 2.76 and a beta of 1.94. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.57 and a quick ratio of 1.09. Dana has a one year low of $15.31 and a one year high of $39.56. The business’s 50 day simple moving average is $35.06 and its 200-day simple moving average is $31.19.

Dana (NYSE:DAN) last announced its earnings results on Friday, May 15th. The auto parts company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.18). The business had revenue of $1.87 billion during the quarter. Dana had a return on equity of 3.56% and a net margin of 15.12%. As a group, sell-side analysts predict that Dana will post 2.26 EPS for the current fiscal year.

Institutional Trading of Dana

A number of large investors have recently made changes to their positions in the company. SG Americas Securities LLC increased its holdings in Dana by 1,341.4% during the 1st quarter. SG Americas Securities LLC now owns 690,454 shares of the auto parts company’s stock worth $23,234,000 after purchasing an additional 642,552 shares in the last quarter. Loomis Sayles & Co. L P increased its holdings in Dana by 61.2% during the 4th quarter. Loomis Sayles & Co. L P now owns 1,591,768 shares of the auto parts company’s stock worth $37,820,000 after purchasing an additional 604,246 shares in the last quarter. Tudor Investment Corp ET AL increased its holdings in Dana by 1,706.3% during the 3rd quarter. Tudor Investment Corp ET AL now owns 213,144 shares of the auto parts company’s stock worth $4,271,000 after purchasing an additional 201,344 shares in the last quarter. Bessemer Group Inc. increased its holdings in Dana by 44.3% during the 1st quarter. Bessemer Group Inc. now owns 208,088 shares of the auto parts company’s stock worth $7,002,000 after purchasing an additional 63,879 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in Dana by 3.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 927,987 shares of the auto parts company’s stock worth $18,597,000 after purchasing an additional 27,712 shares in the last quarter. Institutional investors own 96.79% of the company’s stock.

About Dana

Dana Incorporated is a global leader in the design and manufacture of drivetrain, sealing, and thermal-management technologies for the automotive, commercial vehicle, off-highway and industrial markets. The company’s product portfolio includes axles, driveshafts, transmissions, e-Propulsion systems and thermal-management assemblies that help improve fuel efficiency, reduce emissions and enhance vehicle performance. Dana’s expertise spans internal combustion and electrified powertrains, positioning it to support both traditional and next-generation mobility solutions.

Founded in 1904 by Clarence W.