Dana (NYSE:DAN) Price Target Raised to $41.00

Dana (NYSE:DAN) had its target price upped by Barclays from $32.00 to $41.00 in a research report sent to investors on Monday morning,Benzinga reports. The firm currently has an overweight rating on the auto parts company’s stock.

DAN has been the subject of a number of other research reports. Royal Bank Of Canada increased their target price on shares of Dana from $32.00 to $40.00 and gave the stock an “outperform” rating in a report on Thursday, February 19th. Wall Street Zen cut shares of Dana from a “buy” rating to a “hold” rating in a research report on Sunday, March 22nd. Zacks Research raised shares of Dana from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 23rd. UBS Group raised their target price on shares of Dana from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, February 19th. Finally, Weiss Ratings raised shares of Dana from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, March 19th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.67.

Dana Trading Up 2.0%

Shares of DAN opened at $34.34 on Monday. The company has a debt-to-equity ratio of 2.85, a quick ratio of 0.86 and a current ratio of 1.17. Dana has a 52-week low of $10.11 and a 52-week high of $36.28. The firm has a market cap of $3.76 billion, a price-to-earnings ratio of 60.24 and a beta of 2.05. The business’s fifty day moving average is $32.49 and its 200-day moving average is $25.65.

Dana (NYSE:DAN) last announced its quarterly earnings data on Friday, February 27th. The auto parts company reported $0.85 earnings per share for the quarter. Dana had a return on equity of 4.24% and a net margin of 1.05%.The business had revenue of $1.87 billion during the quarter. Equities analysts anticipate that Dana will post 1.5 EPS for the current fiscal year.

Dana Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Friday, February 27th were paid a $0.12 dividend. This is an increase from Dana’s previous quarterly dividend of $0.10. This represents a $0.48 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, February 27th. Dana’s payout ratio is currently 84.21%.

Institutional Investors Weigh In On Dana

Several hedge funds have recently added to or reduced their stakes in DAN. GAMMA Investing LLC grew its holdings in Dana by 11.3% during the 4th quarter. GAMMA Investing LLC now owns 4,315 shares of the auto parts company’s stock worth $103,000 after acquiring an additional 439 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Dana by 39.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,580 shares of the auto parts company’s stock valued at $38,000 after acquiring an additional 445 shares during the last quarter. Amalgamated Bank lifted its holdings in shares of Dana by 3.5% during the third quarter. Amalgamated Bank now owns 38,337 shares of the auto parts company’s stock worth $768,000 after purchasing an additional 1,279 shares during the period. State of Tennessee Department of Treasury lifted its holdings in shares of Dana by 10.7% during the second quarter. State of Tennessee Department of Treasury now owns 55,842 shares of the auto parts company’s stock worth $958,000 after purchasing an additional 5,405 shares during the period. Finally, Rhumbline Advisers grew its stake in shares of Dana by 2.2% in the second quarter. Rhumbline Advisers now owns 401,017 shares of the auto parts company’s stock worth $6,877,000 after purchasing an additional 8,787 shares during the last quarter. 96.79% of the stock is currently owned by institutional investors and hedge funds.

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.