Dana Incorporated (NYSE:DAN) had its target price lifted by Barclays PLC from $28.00 to $30.00 in a report issued on Friday, October 27th. They currently have an equal weight rating on the auto parts company’s stock.
A number of other research analysts also recently commented on the company. BidaskClub upgraded Dana from a hold rating to a buy rating in a report on Saturday, July 1st. Royal Bank of Canada restated a buy rating and set a $27.00 price target on shares of Dana in a research note on Thursday, October 5th. Zacks Investment Research upgraded Dana from a hold rating to a buy rating and set a $26.00 price target on the stock in a research note on Thursday, July 27th. Susquehanna Bancshares Inc downgraded Dana from a neutral rating to a negative rating and set a $19.00 target price on the stock. in a research note on Thursday, July 13th. Finally, Buckingham Research lifted their target price on Dana from $23.00 to $25.00 and gave the company a neutral rating in a research note on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $27.00.
Shares of Dana (DAN) opened at $30.57 on Friday. The stock has a market capitalization of $4,428.71, a price-to-earnings ratio of 12.28 and a beta of 1.64. The company has a quick ratio of 1.17, a current ratio of 1.72 and a debt-to-equity ratio of 1.36. Dana has a twelve month low of $15.41 and a twelve month high of $31.91.
Dana (NYSE:DAN) last posted its quarterly earnings results on Thursday, October 26th. The auto parts company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.03. The company had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.71 billion. Dana had a return on equity of 29.34% and a net margin of 10.27%. Dana’s revenue for the quarter was up 32.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.49 EPS. equities research analysts anticipate that Dana will post 2.43 earnings per share for the current year.
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The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 10th will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date of this dividend is Thursday, November 9th. Dana’s dividend payout ratio is presently 5.02%.
In other Dana news, SVP Rodney R. Filcek sold 3,292 shares of the company’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $30.18, for a total transaction of $99,352.56. Following the sale, the senior vice president now owns 50,251 shares in the company, valued at $1,516,575.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Terrence J. Keating sold 2,321 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $29.62, for a total value of $68,748.02. Following the sale, the director now owns 52,140 shares in the company, valued at approximately $1,544,386.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 59,759 shares of company stock worth $1,773,750. 1.60% of the stock is currently owned by insiders.
Large investors have recently bought and sold shares of the company. Royal Bank of Canada grew its holdings in shares of Dana by 47.3% during the second quarter. Royal Bank of Canada now owns 208,043 shares of the auto parts company’s stock valued at $4,646,000 after purchasing an additional 66,827 shares during the last quarter. Vanguard Group Inc. grew its holdings in Dana by 3.3% in the 2nd quarter. Vanguard Group Inc. now owns 12,122,567 shares of the auto parts company’s stock worth $270,696,000 after buying an additional 391,487 shares in the last quarter. SG Americas Securities LLC grew its holdings in Dana by 51.0% in the 2nd quarter. SG Americas Securities LLC now owns 60,545 shares of the auto parts company’s stock worth $1,352,000 after buying an additional 20,451 shares in the last quarter. Great West Life Assurance Co. Can grew its holdings in Dana by 1.1% in the 2nd quarter. Great West Life Assurance Co. Can now owns 85,680 shares of the auto parts company’s stock worth $1,912,000 after buying an additional 942 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in Dana by 14.2% in the 2nd quarter. Goldman Sachs Group Inc. now owns 3,884,437 shares of the auto parts company’s stock worth $86,740,000 after buying an additional 481,611 shares in the last quarter. 97.38% of the stock is owned by institutional investors.
Dana Incorporated, formerly Dana Holding Corporation, is a global provider of technology driveline, sealing and thermal-management products. The Company operates in four segments: Light Vehicle Driveline Technologies (Light Vehicle), Commercial Vehicle Driveline Technologies (Commercial Vehicle), Off-Highway Driveline Technologies (Off-Highway) and Power Technologies.
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