Dana (NYSE:DAN) Receives Hold Rating from Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reiterated their hold rating on shares of Dana (NYSE:DAN) in a report released on Tuesday morning, MarketBeat Ratings reports. They currently have a $12.00 price objective on the auto parts company’s stock.

DAN has been the topic of a number of other reports. Wolfe Research started coverage on shares of Dana in a report on Thursday, September 5th. They set a peer perform rating on the stock. Wells Fargo & Company raised their target price on Dana from $12.00 to $13.00 and gave the company an equal weight rating in a research report on Thursday, August 1st. JPMorgan Chase & Co. cut their price objective on Dana from $18.00 to $17.00 and set an overweight rating for the company in a research report on Monday, July 22nd. StockNews.com upgraded shares of Dana from a hold rating to a buy rating in a research report on Friday, August 2nd. Finally, UBS Group lowered their price objective on Dana from $14.00 to $12.00 and set a neutral rating on the stock in a report on Wednesday, July 10th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of Hold and a consensus target price of $14.67.

Dana Stock Up 5.5 %

NYSE:DAN opened at $9.85 on Tuesday. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.48 and a quick ratio of 0.90. The company’s fifty day moving average price is $11.15 and its 200-day moving average price is $12.21. Dana has a 1-year low of $9.16 and a 1-year high of $15.45. The firm has a market capitalization of $1.43 billion, a P/E ratio of 109.46, a PEG ratio of 0.49 and a beta of 2.29.

Dana (NYSE:DAN) last announced its quarterly earnings results on Wednesday, July 31st. The auto parts company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.07. The company had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.76 billion. Dana had a positive return on equity of 4.98% and a negative net margin of 0.01%. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period last year, the firm earned $0.37 EPS. As a group, equities research analysts anticipate that Dana will post 0.98 EPS for the current year.

Dana Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 9th were issued a $0.10 dividend. The ex-dividend date was Friday, August 9th. This represents a $0.40 dividend on an annualized basis and a yield of 4.06%. Dana’s payout ratio is 444.49%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Rhumbline Advisers increased its holdings in shares of Dana by 1.3% in the second quarter. Rhumbline Advisers now owns 426,586 shares of the auto parts company’s stock valued at $5,170,000 after purchasing an additional 5,468 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Dana in the 2nd quarter valued at $388,000. Cibc World Markets Corp increased its stake in shares of Dana by 46.0% in 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 acquiring an additional 375,000 shares during the last quarter. Finally, Great Lakes Advisors LLC raised its holdings in shares of 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 acquiring an additional 59,502 shares during the period. 96.79% of the stock is currently owned by institutional investors and hedge funds.

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.