Dana (NYSE:DAN) PT Lowered to $17.00

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

Other research analysts have also issued research reports about the stock. Oppenheimer raised their price objective on shares of Dana from $17.00 to $18.00 and gave the company an outperform rating in a research note on Wednesday, May 1st. UBS Group lowered their price objective on shares of Dana from $14.00 to $12.00 and set a neutral rating on the stock in a research note on Wednesday, July 10th. Finally, Wells Fargo & Company lowered their price objective on shares of Dana from $13.00 to $12.00 and set an equal weight rating on the stock in a research note on Tuesday, June 25th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of Hold and a consensus target price of $15.50.

Dana Price Performance

Shares of NYSE:DAN opened at $11.79 on Monday. The firm’s 50 day moving average is $12.75 and its two-hundred day moving average is $12.83. Dana has a 52 week low of $11.10 and a 52 week high of $19.75. The firm has a market capitalization of $1.71 billion, a P/E ratio of 131.01 and a beta of 2.33. The company has a current ratio of 1.60, a quick ratio of 0.97 and a debt-to-equity ratio of 1.61.

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

Dana Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 9th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date of this dividend is Friday, August 9th. Dana’s payout ratio is 444.49%.

Institutional Trading of Dana

A number of large investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC bought a new stake in Dana during the second quarter worth approximately $388,000. Cibc World Markets Corp grew its position in Dana by 46.0% during the 4th quarter. Cibc World Markets Corp now owns 1,190,000 shares of the auto parts company’s stock worth $17,386,000 after purchasing an additional 375,000 shares in the last quarter. Great Lakes Advisors LLC grew its position in Dana by 89.5% during the 4th quarter. Great Lakes Advisors LLC now owns 126,015 shares of the auto parts company’s stock worth $1,841,000 after purchasing an additional 59,502 shares in the last quarter. Handelsbanken Fonder AB grew its position in Dana by 71.5% during the 4th quarter. Handelsbanken Fonder AB now owns 35,490 shares of the auto parts company’s stock worth $519,000 after purchasing an additional 14,800 shares in the last quarter. Finally, Knights of Columbus Asset Advisors LLC grew its position in Dana by 164.0% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 284,582 shares of the auto parts company’s stock worth $4,158,000 after purchasing an additional 176,778 shares in the last quarter. 96.79% of the stock is currently owned by institutional investors.

Dana Company Profile

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.