Dana (NYSE:DAN) had its target price reduced by KeyCorp from $22.00 to $20.00 in a research report sent to investors on Thursday morning, BenzingaRatingsTable reports. They currently have an overweight rating on the auto parts company’s stock. KeyCorp also issued estimates for Dana’s Q3 2019 earnings at $0.72 EPS, Q4 2019 earnings at $0.68 EPS, FY2019 earnings at $3.05 EPS and FY2020 earnings at $3.20 EPS.
DAN has been the topic of a number of other research reports. ValuEngine lowered shares of Dana from a sell rating to a strong sell rating in a research note on Thursday, August 1st. TheStreet lowered shares of Dana from a b- rating to a c+ rating in a research note on Tuesday, August 20th. Zacks Investment Research raised shares of Dana from a sell rating to a hold rating in a research note on Monday, August 12th. Finally, Credit Suisse Group began coverage on shares of Dana in a research note on Wednesday, June 26th. They set an outperform rating and a $22.00 price objective on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of $21.10.
Shares of DAN traded up $0.91 during trading hours on Thursday, reaching $15.27. 160,455 shares of the company traded hands, compared to its average volume of 1,823,143. The company’s fifty day moving average price is $14.32 and its two-hundred day moving average price is $17.18. The company has a market capitalization of $2.24 billion, a price-to-earnings ratio of 5.14, a price-to-earnings-growth ratio of 1.35 and a beta of 2.25. The company has a quick ratio of 1.01, a current ratio of 1.63 and a debt-to-equity ratio of 1.41. Dana has a 12 month low of $11.57 and a 12 month high of $21.17.
Dana (NYSE:DAN) last announced its earnings results on Wednesday, July 31st. The auto parts company reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.02). The company had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.35 billion. Dana had a net margin of 2.67% and a return on equity of 29.55%. The company’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.74 EPS. On average, analysts expect that Dana will post 3.24 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 16th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.62%. The ex-dividend date of this dividend was Thursday, August 15th. Dana’s payout ratio is currently 13.47%.
In related news, EVP Mark E. Wallace sold 44,570 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $13.41, for a total transaction of $597,683.70. Following the sale, the executive vice president now owns 145,431 shares of the company’s stock, valued at $1,950,229.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.75% of the company’s stock.
A number of large investors have recently bought and sold shares of DAN. Victory Capital Management Inc. boosted its stake in Dana by 3,016.1% during the second quarter. Victory Capital Management Inc. now owns 1,310,709 shares of the auto parts company’s stock worth $26,136,000 after acquiring an additional 1,268,646 shares in the last quarter. Morgan Stanley boosted its stake in Dana by 722.6% during the second quarter. Morgan Stanley now owns 1,163,065 shares of the auto parts company’s stock worth $23,192,000 after acquiring an additional 1,021,673 shares in the last quarter. BlackRock Inc. boosted its stake in Dana by 5.0% during the second quarter. BlackRock Inc. now owns 19,040,843 shares of the auto parts company’s stock worth $379,673,000 after acquiring an additional 906,329 shares in the last quarter. Nuveen Asset Management LLC boosted its stake in Dana by 47.8% during the second quarter. Nuveen Asset Management LLC now owns 2,602,629 shares of the auto parts company’s stock worth $51,896,000 after acquiring an additional 842,244 shares in the last quarter. Finally, Prudential Financial Inc. lifted its stake in shares of Dana by 46.5% in the second quarter. Prudential Financial Inc. now owns 2,602,147 shares of the auto parts company’s stock worth $51,887,000 after buying an additional 825,433 shares in the last quarter. 95.37% of the stock is currently owned by institutional investors and hedge funds.
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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