Dana Incorporated (NYSE:DAN) Receives $35.17 Average PT from Analysts

Dana Incorporated (NYSE:DAN) has been assigned an average rating of “Moderate Buy” from the nine brokerages that are currently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $35.1667.

A number of research firms recently weighed in on DAN. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $36.00 price target on shares of Dana in a research note on Thursday, January 22nd. Royal Bank Of Canada boosted their target price on shares of Dana from $32.00 to $40.00 and gave the stock an “outperform” rating in a research report on Thursday, February 19th. Zacks Research raised shares of Dana from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 22nd. UBS Group increased their price target on shares of Dana from $35.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, February 19th. Finally, Wells Fargo & Company boosted their price objective on shares of Dana from $30.00 to $35.00 and gave the stock an “equal weight” rating in a report on Thursday, February 19th.

Hedge Funds Weigh In On Dana

Several hedge funds and other institutional investors have recently bought and sold shares of DAN. EverSource Wealth Advisors LLC boosted its position in Dana by 39.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,580 shares of the auto parts company’s stock worth $38,000 after purchasing an additional 445 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Dana by 11.3% in the 4th quarter. GAMMA Investing LLC now owns 4,315 shares of the auto parts company’s stock worth $103,000 after buying an additional 439 shares in the last quarter. Captrust Financial Advisors acquired a new stake in Dana in the 2nd quarter valued at about $176,000. Catalyst Funds Management Pty Ltd purchased a new position in Dana during the 4th quarter valued at about $309,000. Finally, SG Americas Securities LLC purchased a new position in Dana during the 3rd quarter valued at about $488,000. 96.79% of the stock is owned by institutional investors and hedge funds.

Dana Trading Down 2.9%

Shares of Dana stock opened at $33.67 on Friday. The firm has a market cap of $3.66 billion, a price-to-earnings ratio of 74.82 and a beta of 2.08. Dana has a 52-week low of $10.11 and a 52-week high of $36.28. The company’s 50-day simple moving average is $29.66 and its 200-day simple moving average is $23.84. The company has a quick ratio of 0.96, a current ratio of 1.31 and a debt-to-equity ratio of 2.23.

Dana Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, February 27th will be paid a dividend of $0.12 per share. This is a positive change from Dana’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Friday, February 27th. This represents a $0.48 annualized dividend and a dividend yield of 1.4%. Dana’s dividend payout ratio is presently 106.67%.

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.