Dana (NYSE:DAN) Raised to “B-” at TheStreet

TheStreet upgraded shares of Dana (NYSE:DAN) from a c rating to a b- rating in a research note published on Thursday morning, TheStreetRatingsTable reports.

Several other equities research analysts also recently issued reports on the company. KeyCorp cut their price objective on Dana from $22.00 to $20.00 and set an overweight rating on the stock in a report on Thursday, September 12th. Bank of America upgraded Dana from a neutral rating to a buy rating in a report on Friday, September 13th. They noted that the move was a valuation call. Zacks Investment Research downgraded Dana from a hold rating to a sell rating in a report on Tuesday, October 8th. ValuEngine downgraded Dana from a sell rating to a strong sell rating in a report on Saturday, October 19th. Finally, UBS Group cut their price target on Dana from $22.00 to $21.00 and set a buy rating on the stock in a report on Thursday, September 12th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $20.75.

Shares of DAN stock traded down $0.01 on Thursday, hitting $17.82. The stock had a trading volume of 1,300,322 shares, compared to its average volume of 1,786,230. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.64 and a quick ratio of 1.03. The firm has a market capitalization of $2.50 billion, a P/E ratio of 6.00, a P/E/G ratio of 1.76 and a beta of 2.23. Dana has a 1 year low of $11.57 and a 1 year high of $20.96. The company’s 50 day moving average price is $15.32 and its 200-day moving average price is $16.13.

Dana (NYSE:DAN) last posted its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $0.74 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.01. The firm had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.16 billion. Dana had a return on equity of 26.97% and a net margin of 2.80%. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.77 EPS. On average, equities analysts forecast that Dana will post 3.09 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 8th will be issued a dividend of $0.10 per share. The ex-dividend date is Thursday, November 7th. This represents a $0.40 annualized dividend and a yield of 2.24%. Dana’s dividend payout ratio (DPR) is 13.47%.

In other news, insider Dwayne Matthews sold 35,000 shares of the stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $17.70, for a total value of $619,500.00. Following the transaction, the insider now owns 105,564 shares in the company, valued at approximately $1,868,482.80. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Jonathan Mark Collins sold 10,000 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $17.62, for a total value of $176,200.00. Following the completion of the transaction, the chief financial officer now owns 7,015 shares in the company, valued at approximately $123,604.30. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 122,421 shares of company stock worth $1,965,648. 0.75% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund increased its holdings in shares of Dana by 1.4% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 58,343 shares of the auto parts company’s stock valued at $1,163,000 after acquiring an additional 820 shares during the last quarter. World Asset Management Inc increased its holdings in shares of Dana by 8.9% in the 3rd quarter. World Asset Management Inc now owns 12,039 shares of the auto parts company’s stock valued at $174,000 after acquiring an additional 981 shares during the last quarter. Crossmark Global Holdings Inc. increased its holdings in shares of Dana by 4.4% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 31,220 shares of the auto parts company’s stock valued at $623,000 after acquiring an additional 1,302 shares during the last quarter. US Bancorp DE boosted its position in shares of Dana by 11.3% in the 2nd quarter. US Bancorp DE now owns 13,161 shares of the auto parts company’s stock valued at $262,000 after purchasing an additional 1,333 shares during the period. Finally, Arizona State Retirement System boosted its position in shares of Dana by 1.5% in the 2nd quarter. Arizona State Retirement System now owns 104,449 shares of the auto parts company’s stock valued at $2,083,000 after purchasing an additional 1,503 shares during the period. Institutional investors and hedge funds own 94.84% of the company’s stock.

Dana Company Profile

Dana Incorporated provides drive and motion products, sealing solutions, thermal-management technologies, and fluid-power products to vehicle and engine manufacturer in North America, Europe, South America, and the Asia Pacific. The company operates in four segments: Light Vehicle Driveline Technologies, Commercial Vehicle Driveline Technologies, Off-Highway Drive and Motion Technologies, and Power Technologies.

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Analyst Recommendations for Dana (NYSE:DAN)

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