Dana (NYSE:DAN) Trading Down 5.1% on Analyst Downgrade

Shares of Dana Incorporated (NYSE:DAN) fell 5.1% Friday after Barclays lowered its target price for the stock from $30.00 to $28.00. Barclays currently has an Plus rating in the stock. Dana traded as low as $20.33 and was last traded at $20.37. 34,794 shares were traded during mid-day trading, down 96% from the average daily volume of 815,719 shares. The stock had earlier closed at $21.47.

A number of other brokerages have also recently commented on DAN. Wells Fargo & Company lowered its price target for Dana’s shares from $31.00 to $30.00 and assigned an “overweight” rating to the stock in a report released on Tuesday, October 5th. Royal Bank of Canada lowered its price target for Dana’s shares from $28.00 to $25.00 and placed an “outstanding” rating on the stock in a report on Wednesday, October 27th. Deutsche Bank Aktiengesellschaft boosted its price target for Dana shares from $31.00 to $32.00 in a report released on Thursday, January 13th. Finally, Zacks Investment Research upgraded Dana from a “strong sell” rating to a “hold” rating in a research report on Monday, January 17th. One research analyst has rated the stock with a hold rating, while six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $29.14.

In other news, Executive Vice President Aziz Aghili sold 2,6504 shares of the company’s stock in a transaction dated Friday, November 5th. The shares sold for an average price of $23.56, for a total transaction of $624,434.24. The transaction was disclosed in a document filed with the Securities and Exchange Commission, which is available at this hyperlink. 0.75% of the shares are owned by corporate insiders.

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A number of hedge funds have recently bought and sold shares of the company. Russell Investments Group Limited boosted its stake in Dana by 11.2% in the fourth quarter. Russell Investments Group Limited now owns 607,766 shares of the auto parts company’s stock valued at $13,865,000 after purchasing an additional 61,133 shares during the period. Patriot Financial Group Insurance LLC boosted its position in shares of Dana by 331.3% during the 4th quarter. Patriot Financial Group Insurance Ackling S.A.E. Comerica Bank boosted its position in shares of Dana by 9.1% during the 3rd quarter. Bank of Comerica now owns 631,218 shares of the auto parts company’s stock valued at $15,414,000 after acquiring an additional 52,814 shares during the last quarter. Martingale Asset Management LP boosted its position in shares of Dana by 16.2% during the 3rd quarter. Martingale Asset Management LP now owns 67,292 shares of the auto parts company valued at $1,497,000 after acquiring an additional 9,400 shares during the last quarter. Finally, Gamco Investors INC. ET AL positioned in shares of Dana Inc by 0.9% during the 3rd quarter. Gamco Investors INC. ET AL now has 3,233,608 shares of the auto parts company valued at $71,915,000 after acquiring an additional 27,529 shares during the last quarter. Institutional investors and hedge funds own 93.85% of the company’s shares.

The company has a fifty-day moving average of $23.05 and a two hundred day moving average of $23.18. The company has a market capitalization of $2.93 billion, a PE ratio of 14.25 and a beta of 2.39. The company’s debt-to-equity ratio is 1.25, the quick ratio is 0.95 and the current ratio is 1.66.

Dana (NYSE: DAN) released its latest earnings results on Tuesday, October 26th. The auto parts company reported earnings of $0.41 per share for the quarter, topping analysts’ estimates of $0.46 ($0.05). Dana had a return on equity of 14.72% and a net margin of 2.41%. The company generated $2.20 billion in revenue for the quarter, compared to analysts’ expectations of $2.08 billion. During the same quarter in the previous year, the company earned $0.37 per share. Business revenue for the third quarter increased 10.5% year over year. On average, stock analysts expect Dana Incorporated to report 1.85 earnings per share for the current year.

about dana (NYSE: AND)

Dana, Inc. is engaged in the manufacture, distribution, and sale of technology propulsion and motion products, sealing solutions, thermal management technologies, and liquid power products. It operates through the following divisions: Light Vehicles, Commercial Vehicles, Off-Road, and Energy Technologies. The Light Vehicle segment includes systems and components for passenger cars, crossovers, SUVs, vans, and light trucks.

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