Dana (DAN) Downgraded to “C” at TheStreet

TheStreet cut shares of Dana (NYSE:DAN) from a b- rating to a c rating in a research report released on Monday morning.

Other equities research analysts have also recently issued research reports about the stock. Royal Bank of Canada restated a buy rating and issued a $21.00 price objective on shares of Dana in a research report on Monday. Zacks Investment Research upgraded shares of Dana from a sell rating to a hold rating in a research report on Tuesday, August 14th. Stephens restated a hold rating and issued a $23.00 price objective on shares of Dana in a research report on Wednesday, August 1st. Buckingham Research lowered their price objective on shares of Dana from $26.00 to $22.00 and set a neutral rating for the company in a research report on Thursday, July 26th. Finally, Bank of America cut shares of Dana from a buy rating to a neutral rating and set a $21.00 price objective for the company. in a research report on Thursday, October 18th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $25.80.

DAN opened at $14.87 on Monday. The company has a quick ratio of 1.05, a current ratio of 1.63 and a debt-to-equity ratio of 1.41. The stock has a market capitalization of $2.40 billion, a price-to-earnings ratio of 5.90, a P/E/G ratio of 3.87 and a beta of 1.68. Dana has a 1-year low of $13.76 and a 1-year high of $35.27.

Dana (NYSE:DAN) last posted its quarterly earnings data on Monday, October 29th. The auto parts company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.02. The firm had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Dana had a net margin of 2.79% and a return on equity of 35.53%. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.59 EPS. As a group, equities research analysts forecast that Dana will post 2.94 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 30th. Stockholders of record on Friday, November 9th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.69%. The ex-dividend date of this dividend is Thursday, November 8th. Dana’s dividend payout ratio is 15.87%.

Several large investors have recently modified their holdings of DAN. Xact Kapitalforvaltning AB grew its position in shares of Dana by 41.4% during the 1st quarter. Xact Kapitalforvaltning AB now owns 18,090 shares of the auto parts company’s stock worth $466,000 after buying an additional 5,300 shares during the period. CIBC World Markets Inc. grew its position in shares of Dana by 24.9% during the 1st quarter. CIBC World Markets Inc. now owns 25,391 shares of the auto parts company’s stock worth $654,000 after buying an additional 5,070 shares during the period. Principal Financial Group Inc. grew its position in shares of Dana by 7.4% during the 1st quarter. Principal Financial Group Inc. now owns 1,027,760 shares of the auto parts company’s stock worth $26,475,000 after buying an additional 70,655 shares during the period. Clinton Group Inc. acquired a new stake in shares of Dana during the 2nd quarter worth approximately $1,403,000. Finally, Empowered Funds LLC grew its position in shares of Dana by 206.7% during the 2nd quarter. Empowered Funds LLC now owns 132,694 shares of the auto parts company’s stock worth $2,694,000 after buying an additional 89,427 shares during the period. Institutional investors own 93.04% of the company’s stock.

Dana Company Profile

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 Driveline Technologies, and Power Technologies.

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