Zacks Research Downgrades Dana (NYSE:DAN) to Hold

Dana (NYSE:DAN) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

Several other equities analysts have also recently weighed in on the stock. Wells Fargo & Company raised their price target on shares of Dana from $30.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 19th. UBS Group boosted their price objective on shares of Dana from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Tuesday, April 14th. Wall Street Zen cut shares of Dana from a “buy” rating to a “hold” rating in a report on Sunday. Barclays lifted their price target on shares of Dana from $32.00 to $41.00 and gave the company an “overweight” rating in a research note on Monday, March 30th. Finally, Weiss Ratings raised shares of Dana from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, March 19th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $37.00.

Dana Stock Performance

DAN opened at $37.96 on Tuesday. The company has a market capitalization of $4.16 billion, a price-to-earnings ratio of 66.60 and a beta of 2.05. The business’s 50-day moving average price is $34.03 and its two-hundred day moving average price is $27.28. Dana has a 1 year low of $11.98 and a 1 year high of $38.60. The company has a debt-to-equity ratio of 2.85, a current ratio of 1.17 and a quick ratio of 0.86.

Dana (NYSE:DAN) last posted its quarterly earnings data on Friday, February 27th. The auto parts company reported $0.85 earnings per share for the quarter. The company had revenue of $1.87 billion during the quarter. Dana had a negative return on equity of 3.06% and a net margin of 1.13%. Equities analysts expect that Dana will post 2.66 EPS for the current fiscal year.

Hedge Funds Weigh In On Dana

Several hedge funds and other institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC increased its holdings in Dana by 1,341.4% during the first quarter. SG Americas Securities LLC now owns 690,454 shares of the auto parts company’s stock worth $23,234,000 after buying an additional 642,552 shares during the last quarter. Loomis Sayles & Co. L P grew its position in shares of Dana by 61.2% in the 4th quarter. Loomis Sayles & Co. L P now owns 1,591,768 shares of the auto parts company’s stock valued at $37,820,000 after acquiring an additional 604,246 shares during the period. Tudor Investment Corp ET AL grew its position in shares of Dana by 1,706.3% in the 3rd quarter. Tudor Investment Corp ET AL now owns 213,144 shares of the auto parts company’s stock valued at $4,271,000 after acquiring an additional 201,344 shares during the period. Russell Investments Group Ltd. increased its stake in shares of Dana by 3.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 927,987 shares of the auto parts company’s stock worth $18,597,000 after purchasing an additional 27,712 shares during the last quarter. Finally, Horizon Investments LLC acquired a new position in shares of Dana during the 3rd quarter worth about $553,000. 96.79% of the stock is owned by institutional investors.

Dana Company Profile

Dana Incorporated is a global leader in the design and manufacture of drivetrain, sealing, and thermal-management technologies for the automotive, commercial vehicle, off-highway and industrial markets. The company’s product portfolio includes axles, driveshafts, transmissions, e-Propulsion systems and thermal-management assemblies that help improve fuel efficiency, reduce emissions and enhance vehicle performance. Dana’s expertise spans internal combustion and electrified powertrains, positioning it to support both traditional and next-generation mobility solutions.

Founded in 1904 by Clarence W.