Dana Incorporated (NYSE:DAN) Receives $35.17 Average Target Price from Brokerages

Shares of Dana Incorporated (NYSE:DAN) have received an average rating of “Moderate Buy” from the nine analysts that are covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $35.1667.

A number of research analysts have issued reports on the company. Zacks Research upgraded Dana from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 22nd. Royal Bank Of Canada boosted their price target on shares of Dana from $32.00 to $40.00 and gave the stock an “outperform” rating in a report on Thursday, February 19th. UBS Group raised their price objective on shares of Dana from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. JPMorgan Chase & Co. boosted their target price on shares of Dana from $26.00 to $28.00 and gave the company an “overweight” rating in a research note on Monday, November 3rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Dana in a research report on Monday, December 29th.

Dana Stock Performance

DAN stock opened at $34.12 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.31 and a debt-to-equity ratio of 2.23. The firm has a market cap of $3.99 billion, a PE ratio of 75.82 and a beta of 2.08. The business has a 50 day moving average of $29.23 and a 200-day moving average of $23.62. Dana has a 12-month low of $10.11 and a 12-month high of $36.28.

Dana Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, February 27th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.4%. This is a positive change from Dana’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Friday, February 27th. Dana’s dividend payout ratio is currently 106.67%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Loomis Sayles & Co. L P lifted its holdings in shares of Dana by 61.2% in the fourth quarter. Loomis Sayles & Co. L P now owns 1,591,768 shares of the auto parts company’s stock worth $37,820,000 after buying an additional 604,246 shares in the last quarter. Tudor Investment Corp ET AL increased its holdings in Dana by 1,706.3% during the 3rd quarter. Tudor Investment Corp ET AL now owns 213,144 shares of the auto parts company’s stock worth $4,271,000 after acquiring an additional 201,344 shares during the period. Russell Investments Group Ltd. increased its holdings in Dana by 3.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 927,987 shares of the auto parts company’s stock worth $18,597,000 after acquiring an additional 27,712 shares during the period. Horizon Investments LLC purchased a new stake in Dana in the 3rd quarter worth approximately $553,000. Finally, Entropy Technologies LP boosted its holdings in Dana by 266.2% in the 3rd quarter. Entropy Technologies LP now owns 37,303 shares of the auto parts company’s stock valued at $748,000 after purchasing an additional 27,116 shares during the period. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Dana Company Profile

Dana Incorporated is a global leader in the design and manufacture of drivetrain, sealing, and thermal-management technologies for the automotive, commercial vehicle, off-highway and industrial markets. The company’s product portfolio includes axles, driveshafts, transmissions, e-Propulsion systems and thermal-management assemblies that help improve fuel efficiency, reduce emissions and enhance vehicle performance. Dana’s expertise spans internal combustion and electrified powertrains, positioning it to support both traditional and next-generation mobility solutions.

Founded in 1904 by Clarence W.