Dana (NYSE:DAN) Releases Earnings Results

Dana (NYSE:DAN) issued its quarterly earnings data on Friday. The auto parts company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.18), Zacks reports. The firm had revenue of $1.87 billion during the quarter. Dana had a negative return on equity of 3.06% and a net margin of 1.13%.

Dana Price Performance

Shares of DAN stock traded down $1.42 on Friday, reaching $33.15. 715,014 shares of the company were exchanged, compared to its average volume of 973,367. The company has a market cap of $3.63 billion, a price-to-earnings ratio of 3.22 and a beta of 1.97. The business has a 50-day moving average price of $34.46 and a 200 day moving average price of $29.03. 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 1 year low of $15.31 and a 1 year high of $39.56.

Dana Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 8th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, May 8th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.4%. Dana’s payout ratio is currently 84.21%.

Analysts Set New Price Targets

DAN has been the subject of a number of analyst reports. Royal Bank Of Canada upped their price objective 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. Barclays upped their price objective on shares of Dana from $32.00 to $41.00 and gave the stock an “overweight” rating in a research report on Monday, March 30th. Wall Street Zen downgraded shares of Dana from a “buy” rating to a “hold” rating in a research report on Sunday, April 19th. JPMorgan Chase & Co. upped their price objective on shares of Dana from $39.00 to $45.00 and gave the stock an “overweight” rating in a research report on Thursday, April 23rd. Finally, Zacks Research downgraded shares of Dana from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Dana has an average rating of “Moderate Buy” and an average price target of $40.00.

Institutional Trading of Dana

A number of institutional investors and hedge funds have recently modified their holdings of DAN. Loomis Sayles & Co. L P grew its stake 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 valued at $37,820,000 after acquiring an additional 604,246 shares in the last quarter. Tudor Investment Corp ET AL grew its stake in Dana by 28.4% during the 4th quarter. Tudor Investment Corp ET AL now owns 273,631 shares of the auto parts company’s stock valued at $6,501,000 after acquiring an additional 60,487 shares in the last quarter. Russell Investments Group Ltd. grew its stake 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 valued at $18,597,000 after acquiring an additional 27,712 shares in the last quarter. Horizon Investments LLC purchased a new stake in Dana during the 3rd quarter valued at about $553,000. Finally, Entropy Technologies LP grew its stake in Dana by 266.2% during the 3rd quarter. Entropy Technologies LP now owns 37,303 shares of the auto parts company’s stock valued at $748,000 after acquiring an additional 27,116 shares in the last quarter. Hedge funds and other 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.