Dana (NYSE:DAN) PT Lowered to $17.00

Dana (NYSE:DAN) had its price objective trimmed by JPMorgan Chase & Co. from $18.00 to $17.00 in a research note published on Monday, Benzinga reports. The firm currently has an overweight rating on the auto parts company’s stock.

Several other equities analysts have also recently issued reports on DAN. Oppenheimer upped their price target on shares of Dana from $17.00 to $18.00 and gave the company an outperform rating in a research report on Wednesday, May 1st. Wells Fargo & Company decreased their price target on shares of Dana from $13.00 to $12.00 and set an equal weight rating for the company in a research report on Tuesday, June 25th. Finally, UBS Group decreased their price target on shares of Dana from $14.00 to $12.00 and set a neutral rating for the company in a research report on Wednesday, July 10th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Dana presently has an average rating of Hold and a consensus target price of $15.50.

Dana Price Performance

DAN stock opened at $11.79 on Monday. The company has a 50 day simple moving average of $12.75 and a 200 day simple moving average of $12.83. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of 131.01 and a beta of 2.33. Dana has a 1 year low of $11.10 and a 1 year high of $19.75. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.60 and a quick ratio of 0.97.

Dana (NYSE:DAN) last released its quarterly earnings data on Tuesday, April 30th. The auto parts company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.08). Dana had a return on equity of 5.42% and a net margin of 0.12%. The company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.69 billion. During the same quarter in the prior year, the company earned $0.25 earnings per share. Dana’s revenue for the quarter was up 3.4% compared to the same quarter last year. Research analysts anticipate that Dana will post 0.75 EPS for the current fiscal year.

Dana Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 9th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date is Friday, August 9th. Dana’s dividend payout ratio is currently 444.49%.

Institutional Investors Weigh In On Dana

Institutional investors have recently modified their holdings of the company. SG Americas Securities LLC bought a new stake in shares of Dana in the 2nd quarter valued at $388,000. Handelsbanken Fonder AB boosted its stake in Dana by 71.5% during the fourth quarter. Handelsbanken Fonder AB now owns 35,490 shares of the auto parts company’s stock worth $519,000 after acquiring an additional 14,800 shares in the last quarter. Great Lakes Advisors LLC boosted its stake in Dana by 89.5% during the fourth 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 in the last quarter. Knights of Columbus Asset Advisors LLC boosted its stake in Dana by 164.0% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 284,582 shares of the auto parts company’s stock worth $4,158,000 after acquiring an additional 176,778 shares in the last quarter. Finally, Cibc World Markets Corp boosted its stake in Dana by 46.0% during the fourth quarter. Cibc World Markets Corp now owns 1,190,000 shares of the auto parts company’s stock worth $17,386,000 after acquiring an additional 375,000 shares in the last quarter. 96.79% of the stock is owned by institutional investors.

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.