According to Zacks, “Dana Inc. is a provider of technology driveline, sealing and thermal-management products. The company’s operating segment consists of Light Vehicle Driveline Technologies, Commercial Vehicle Driveline Technologies, Off-Highway Driveline Technologies and Power Technologies. It operates primarily in North America, South America, Europe and Asia pacific. Dana Inc., formerly known as Dana Holding Corporation, is headquartered in Maumee, Ohio. “
A number of other brokerages also recently weighed in on DAN. ValuEngine downgraded Dana from a sell rating to a strong sell rating in a research report on Thursday, August 1st. Wolfe Research downgraded Dana from an outperform rating to a peer perform rating in a research report on Thursday, April 18th. They noted that the move was a valuation call. Finally, Credit Suisse Group assumed coverage on Dana in a research report on Wednesday, June 26th. They issued an outperform rating and a $22.00 target price on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. The company presently has an average rating of Buy and an average price target of $21.10.
Dana (NYSE:DAN) last announced its earnings results on Wednesday, July 31st. The auto parts company reported $0.87 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.89 by ($0.02). The business had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.35 billion. Dana had a net margin of 2.67% and a return on equity of 29.55%. The business’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.74 earnings per share. On average, analysts anticipate that Dana will post 3.26 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 16th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $0.40 dividend on an annualized basis and a yield of 2.89%. Dana’s payout ratio is currently 13.47%.
In other Dana news, VP James D. Kellett sold 2,825 shares of the stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $16.05, for a total transaction of $45,341.25. Following the completion of the sale, the vice president now directly owns 2,704 shares in the company, valued at approximately $43,399.20. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.75% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Stifel Financial Corp bought a new position in Dana in the fourth quarter worth approximately $268,000. Legal & General Group Plc grew its stake in Dana by 4.5% during the fourth quarter. Legal & General Group Plc now owns 214,545 shares of the auto parts company’s stock valued at $2,924,000 after acquiring an additional 9,185 shares in the last quarter. Norges Bank purchased a new position in Dana during the fourth quarter valued at $30,517,000. Geode Capital Management LLC grew its stake in Dana by 12.2% during the fourth quarter. Geode Capital Management LLC now owns 1,617,488 shares of the auto parts company’s stock valued at $22,045,000 after acquiring an additional 175,414 shares in the last quarter. Finally, Retirement Systems of Alabama grew its stake in Dana by 116.1% during the first quarter. Retirement Systems of Alabama now owns 405,328 shares of the auto parts company’s stock valued at $7,191,000 after acquiring an additional 217,764 shares in the last quarter. Hedge funds and other institutional investors own 94.25% 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 Drive and Motion Technologies, and Power Technologies.
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