StockNews.com Upgrades Dana (NYSE:DAN) to “Buy”

StockNews.com upgraded shares of Dana (NYSE:DAN) from a hold rating to a buy rating in a research note published on Friday morning.

Other equities research analysts also recently issued reports about the company. Oppenheimer boosted their target price on Dana from $17.00 to $18.00 and gave the stock an outperform rating in a research report on Wednesday, May 1st. Barclays increased their target price on Dana from $15.00 to $16.00 and gave the company an equal weight rating in a research report on Friday. JPMorgan Chase & Co. cut their target price on shares of Dana from $18.00 to $17.00 and set an overweight rating for the company in a report on Monday, July 22nd. Wells Fargo & Company upped their price target on shares of Dana from $12.00 to $13.00 and gave the company an equal weight rating in a research note on Thursday, August 1st. Finally, UBS Group dropped their price objective on shares of Dana from $14.00 to $12.00 and set a neutral rating for the company in a research note on Wednesday, July 10th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Dana currently has a consensus rating of Moderate Buy and an average target price of $15.20.

Dana Stock Down 3.6 %

NYSE DAN opened at $10.84 on Friday. Dana has a 12 month low of $10.24 and a 12 month high of $18.19. The company has a current ratio of 1.48, a quick ratio of 0.97 and a debt-to-equity ratio of 1.55. The stock has a market cap of $1.57 billion, a PE ratio of 119.67 and a beta of 2.33. The stock’s 50 day moving average is $12.52 and its 200 day moving average is $12.76.

Dana (NYSE:DAN) last released its earnings results on Wednesday, July 31st. The auto parts company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.24 by $0.07. The firm had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.76 billion. Dana had a negative net margin of 0.01% and a positive return on equity of 4.98%. The company’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.37 earnings per share. Research analysts predict that Dana will post 1.05 EPS for the current fiscal year.

Dana Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 9th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date is Friday, August 9th. Dana’s dividend payout ratio (DPR) is 444.44%.

Institutional Investors Weigh In On Dana

Several institutional investors have recently made changes to their positions in the company. Cibc World Markets Corp raised its position in Dana by 46.0% in the 4th quarter. Cibc World Markets Corp now owns 1,190,000 shares of the auto parts company’s stock worth $17,386,000 after purchasing an additional 375,000 shares during the period. Great Lakes Advisors LLC lifted its stake in shares of Dana by 89.5% during the 4th quarter. Great Lakes Advisors LLC now owns 126,015 shares of the auto parts company’s stock worth $1,841,000 after acquiring an additional 59,502 shares during the last quarter. Knights of Columbus Asset Advisors LLC boosted its holdings in Dana by 164.0% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 284,582 shares of the auto parts company’s stock valued at $4,158,000 after acquiring an additional 176,778 shares during the period. Handelsbanken Fonder AB grew its position in Dana by 71.5% in the 4th quarter. Handelsbanken Fonder AB now owns 35,490 shares of the auto parts company’s stock valued at $519,000 after acquiring an additional 14,800 shares during the last quarter. Finally, Rhumbline Advisers increased its stake in Dana by 1.3% in the second quarter. Rhumbline Advisers now owns 426,586 shares of the auto parts company’s stock worth $5,170,000 after purchasing an additional 5,468 shares during the period. Institutional investors own 96.79% of the company’s stock.

About Dana

Dana Incorporated, together with its subsidiaries, provides power-conveyance and energy-management solutions for vehicles and machinery in North America, Europe, South America, and the Asia Pacific. The company operates through four segments: Light Vehicle Drive Systems, Commercial Vehicle Drive and Motion Systems, Off-Highway Drive and Motion Systems, and Power Technologies.