Dana (DAN) Downgraded to “Hold” at Zacks Investment Research

Dana (NYSE:DAN) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Monday.

According to Zacks, “Dana Inc. is a provider of technology driveline, sealing and thermal-management products. The company’s operating segment consists of Light Vehicle Driveline Technologies, Commercial Vehicle Driveline Technologies, Off-Highway Driveline Technologies and Power Technologies. It operates primarily in North America, South America, Europe and Asia pacific. Dana Inc., formerly known as Dana Holding Corporation, is headquartered in Maumee, Ohio. “

DAN has been the topic of a number of other reports. Royal Bank of Canada reissued a “buy” rating and issued a $21.00 price objective on shares of Dana in a research report on Monday, October 29th. Stephens reissued a “hold” rating and issued a $16.00 price objective on shares of Dana in a research report on Sunday, January 6th. UBS Group raised shares of Dana from a “neutral” rating to a “buy” rating and set a $19.00 price objective on the stock in a research report on Friday, January 4th. Deutsche Bank began coverage on shares of Dana in a research report on Thursday, December 13th. They issued a “buy” rating on the stock. Finally, TheStreet lowered shares of Dana from a “b-” rating to a “c” rating in a research report on Monday, October 29th. One analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company’s stock. Dana has a consensus rating of “Hold” and a consensus target price of $21.91.

Dana stock traded up $0.15 during midday trading on Monday, reaching $16.72. The stock had a trading volume of 1,754,375 shares, compared to its average volume of 1,736,907. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.65 and a quick ratio of 1.04. Dana has a 52-week low of $12.65 and a 52-week high of $30.64. The firm has a market capitalization of $2.40 billion, a P/E ratio of 6.63, a price-to-earnings-growth ratio of 1.81 and a beta of 1.90.

Hedge funds have recently modified their holdings of the business. Oregon Public Employees Retirement Fund grew its stake in Dana by 1,263.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 784,038 shares of the auto parts company’s stock worth $58,000 after acquiring an additional 726,515 shares in the last quarter. Honkamp Krueger Financial Services Inc. bought a new position in Dana in the 3rd quarter worth about $131,000. Quantamental Technologies LLC bought a new position in Dana in the 4th quarter worth about $158,000. Janney Montgomery Scott LLC bought a new position in Dana in the 4th quarter worth about $179,000. Finally, Signition LP bought a new position in Dana in the 3rd quarter worth about $227,000. Institutional investors and hedge funds own 95.24% 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 Driveline Technologies, and Power Technologies.

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