Dana (NYSE:DAN) Shares Gap Down Following Analyst Downgrade

Dana Incorporated (NYSE:DAN)’s stock price gapped down before the market opened on Thursday after UBS Group lowered their price target on the stock from $20.00 to $18.00. The stock had previously closed at $11.96, but opened at $11.09. UBS Group currently has a buy rating on the stock. Dana shares last traded at $10.52, with a volume of 146,185 shares trading hands.

A number of other brokerages have also recently weighed in on DAN. Wells Fargo & Company upgraded Dana from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $10.00 to $16.00 in a report on Monday, January 27th. Barclays increased their target price on shares of Dana from $18.00 to $23.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 28th. StockNews.com cut shares of Dana from a “buy” rating to a “hold” rating in a research report on Tuesday. Royal Bank of Canada increased their price objective on shares of Dana from $13.00 to $16.00 and gave the stock a “sector perform” rating in a research report on Friday, February 21st. Finally, JPMorgan Chase & Co. lifted their target price on shares of Dana from $14.00 to $20.00 and gave the company an “overweight” rating in a report on Monday, January 27th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $18.25.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Versant Capital Management Inc raised its position in shares of Dana by 484.6% in the 4th quarter. Versant Capital Management Inc now owns 2,695 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 2,234 shares in the last quarter. GAMMA Investing LLC raised its holdings in Dana by 118.3% in the fourth quarter. GAMMA Investing LLC now owns 2,702 shares of the auto parts company’s stock valued at $31,000 after acquiring an additional 1,464 shares in the last quarter. Yousif Capital Management LLC raised its stake in shares of Dana by 2.0% in the 4th quarter. Yousif Capital Management LLC now owns 56,818 shares of the auto parts company’s stock valued at $657,000 after purchasing an additional 1,130 shares in the last quarter. Great Lakes Advisors LLC boosted its stake in Dana by 103.6% in the fourth quarter. Great Lakes Advisors LLC now owns 280,798 shares of the auto parts company’s stock valued at $3,246,000 after acquiring an additional 142,850 shares during the period. Finally, Cibc World Markets Corp boosted its holdings in shares of Dana by 1.8% during the fourth quarter. Cibc World Markets Corp now owns 687,220 shares of the auto parts company’s stock valued at $7,944,000 after acquiring an additional 12,220 shares during the period. Institutional investors and hedge funds own 96.79% of the company’s stock.

Dana Stock Up 1.7 %

The firm has a market cap of $1.58 billion, a P/E ratio of -27.73, a price-to-earnings-growth ratio of 0.72 and a beta of 2.26. The firm’s 50-day moving average price is $14.21 and its 200 day moving average price is $12.24. The company has a quick ratio of 0.86, a current ratio of 1.45 and a debt-to-equity ratio of 1.71.

Dana (NYSE:DAN) last announced its quarterly earnings results on Thursday, February 20th. The auto parts company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.10 by $0.15. Dana had a negative net margin of 0.55% and a positive return on equity of 6.70%. The company had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.33 billion. As a group, research analysts expect that Dana Incorporated will post 1.5 earnings per share for the current year.

Dana Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, February 28th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date of this dividend was Friday, February 28th. Dana’s dividend payout ratio (DPR) is -102.56%.

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.