Brokerages Set Dana Incorporated (NYSE:DAN) Target Price at $37.00

Dana Incorporated (NYSE:DAN) has received an average recommendation of “Hold” from the nine ratings firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $37.00.

A number of equities research analysts have weighed in on DAN shares. Barclays cut Dana from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $41.00 to $33.00 in a research note on Thursday, July 2nd. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Dana from $40.00 to $39.00 and set a “buy” rating on the stock in a research report on Tuesday, July 7th. Wells Fargo & Company cut their target price on shares of Dana from $36.00 to $33.00 and set an “equal weight” rating on the stock in a report on Friday, June 12th. Wall Street Zen downgraded shares of Dana from a “buy” rating to a “hold” rating in a research report on Sunday, April 19th. Finally, Weiss Ratings cut shares of Dana from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, July 6th.

Hedge Funds Weigh In On Dana

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Parallel Advisors LLC raised its stake in Dana by 105.2% during the 1st quarter. Parallel Advisors LLC now owns 1,925 shares of the auto parts company’s stock valued at $65,000 after acquiring an additional 987 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Dana by 42.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,247 shares of the auto parts company’s stock valued at $76,000 after purchasing an additional 667 shares during the last quarter. Bessemer Group Inc. increased its holdings in shares of Dana by 44.3% in the first quarter. Bessemer Group Inc. now owns 208,088 shares of the auto parts company’s stock valued at $7,002,000 after purchasing an additional 63,879 shares during the period. SG Americas Securities LLC increased its holdings in shares of Dana by 1,341.4% in the first quarter. SG Americas Securities LLC now owns 690,454 shares of the auto parts company’s stock valued at $23,234,000 after purchasing an additional 642,552 shares during the period. Finally, Tudor Investment Corp ET AL raised its stake in shares of Dana by 28.4% during the fourth quarter. Tudor Investment Corp ET AL now owns 273,631 shares of the auto parts company’s stock worth $6,501,000 after purchasing an additional 60,487 shares during the last quarter. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Dana Stock Performance

Shares of DAN stock opened at $26.88 on Monday. The stock’s 50-day moving average is $29.68 and its two-hundred day moving average is $31.95. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.09 and a current ratio of 1.57. Dana has a 1 year low of $15.31 and a 1 year high of $39.56. The firm has a market cap of $2.91 billion, a price-to-earnings ratio of 2.61 and a beta of 1.99.

Dana (NYSE:DAN) last posted its earnings results on Friday, May 15th. The auto parts company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.18). The firm had revenue of $1.87 billion during the quarter. Dana had a net margin of 15.12% and a return on equity of 3.56%. Analysts predict that Dana will post 2.07 earnings per share for the current year.

Dana Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 7th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, August 7th. Dana’s dividend payout ratio is presently 4.66%.

Dana Company Profile

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.