Dana (NYSE:DAN) Upgraded at TheStreet

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

Other research analysts have also issued research reports about the stock. ValuEngine lowered shares of Dana from a sell rating to a strong sell rating in a research note on Saturday, October 19th. Zacks Investment Research lowered shares of Dana from a hold rating to a sell rating in a research note on Tuesday, October 8th. Bank of America raised shares of Dana from a neutral rating to a buy rating in a research note on Friday, September 13th. They noted that the move was a valuation call. KeyCorp reduced their price objective on shares of Dana from $22.00 to $20.00 and set an overweight rating on the stock in a research note on Thursday, September 12th. Finally, Barclays reduced their price objective on shares of Dana from $24.00 to $22.00 and set an overweight rating on the stock in a research note on Thursday, September 12th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company’s stock. Dana presently has a consensus rating of Hold and an average price target of $20.75.

Shares of NYSE DAN traded down $0.01 during mid-day trading on Thursday, hitting $17.82. The company’s stock had a trading volume of 1,300,322 shares, compared to its average volume of 1,786,230. The stock has a market cap of $2.50 billion, a price-to-earnings ratio of 6.00, a price-to-earnings-growth ratio of 1.76 and a beta of 2.23. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.64 and a quick ratio of 1.03. Dana has a one year low of $11.57 and a one year high of $20.96. The company’s fifty day simple moving average is $15.32 and its 200-day simple moving average is $16.13.

Dana (NYSE:DAN) last issued its earnings results on Wednesday, October 30th. The auto parts company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.01. The company had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.16 billion. Dana had a net margin of 2.80% and a return on equity of 26.97%. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.77 EPS. On average, sell-side analysts predict that Dana will post 3.09 EPS for the current year.

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

In related news, insider Dwayne Matthews sold 35,000 shares of Dana stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $17.70, for a total transaction of $619,500.00. Following the transaction, the insider now owns 105,564 shares of the company’s stock, valued at approximately $1,868,482.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jonathan Mark Collins sold 10,000 shares of Dana stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $17.62, for a total transaction of $176,200.00. Following the transaction, the chief financial officer now directly owns 7,015 shares in the company, valued at approximately $123,604.30. The disclosure for this sale can be found here. Insiders have sold a total of 122,421 shares of company stock worth $1,965,648 in the last three months. 0.75% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in DAN. Victory Capital Management Inc. lifted its stake in Dana by 3,016.1% in the second quarter. Victory Capital Management Inc. now owns 1,310,709 shares of the auto parts company’s stock valued at $26,136,000 after buying an additional 1,268,646 shares in the last quarter. Morgan Stanley lifted its stake in Dana by 722.6% in the second quarter. Morgan Stanley now owns 1,163,065 shares of the auto parts company’s stock valued at $23,192,000 after buying an additional 1,021,673 shares in the last quarter. BlackRock Inc. lifted its stake in Dana by 5.0% in the second quarter. BlackRock Inc. now owns 19,040,843 shares of the auto parts company’s stock valued at $379,673,000 after buying an additional 906,329 shares in the last quarter. Nuveen Asset Management LLC lifted its stake in Dana by 47.8% in the second quarter. Nuveen Asset Management LLC now owns 2,602,629 shares of the auto parts company’s stock valued at $51,896,000 after buying an additional 842,244 shares in the last quarter. Finally, Prudential Financial Inc. lifted its stake in Dana by 46.5% in the second quarter. Prudential Financial Inc. now owns 2,602,147 shares of the auto parts company’s stock valued at $51,887,000 after buying an additional 825,433 shares in the last quarter. 94.84% of the stock is currently owned by hedge funds and other institutional investors.

About Dana

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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