The Dana Incorporated (DAN) Cut to “Sell” at Zacks Investment Research

The Dana Incorporated (DAN) Cut to “Sell” at Zacks Investment Research

Zacks Investment Research cut shares of Dana Incorporated (NYSE:DAN) from a hold rating to a sell rating in a research report sent to investors on Wednesday morning.

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 research analysts also recently weighed in on DAN. Barclays PLC restated a buy rating and set a $22.00 price target on shares of Dana in a report on Wednesday, January 11th. RBC Capital Markets restated a buy rating and set a $24.00 price target on shares of Dana in a report on Tuesday, January 3rd. JPMorgan Chase & Co. restated a hold rating on shares of Dana in a report on Thursday, November 10th. FBR & Co restated a market perform rating and set a $17.00 price target on shares of Dana in a report on Friday, February 10th. Finally, TheStreet upgraded shares of Dana from a c+ rating to a b- rating in a report on Thursday, February 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. Dana presently has a consensus rating of Hold and a consensus price target of $21.50.

Shares of Dana (NYSE:DAN) traded down 1.52% on Wednesday, reaching $18.78. 284,353 shares of the company traded hands. The stock has a market cap of $2.70 billion, a price-to-earnings ratio of 4.31 and a beta of 1.49. The stock has a 50 day moving average of $19.62 and a 200 day moving average of $17.13. Dana has a 52-week low of $9.80 and a 52-week high of $20.62.

Dana (NYSE:DAN) last released its quarterly earnings results on Thursday, February 9th. The company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.19. The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.39 billion. Dana had a net margin of 10.98% and a return on equity of 29.73%. Dana’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.34 EPS. On average, analysts expect that Dana will post $1.79 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 24th. Investors of record on Friday, March 3rd will be issued a $0.06 dividend. The ex-dividend date is Wednesday, March 1st. This represents a $0.24 annualized dividend and a yield of 1.26%. Dana’s dividend payout ratio (DPR) is presently 5.47%.

In related news, Director Mark A. Schulz sold 6,963 shares of Dana stock in a transaction on Wednesday, January 18th. The shares were sold at an average price of $19.46, for a total value of $135,499.98. Following the transaction, the director now owns 21,963 shares in the company, valued at approximately $427,399.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mark E. Wallace sold 83,984 shares of Dana stock in a transaction on Thursday, February 23rd. The stock was sold at an average price of $19.60, for a total transaction of $1,646,086.40. Following the completion of the transaction, the executive vice president now owns 190,817 shares in the company, valued at approximately $3,740,013.20. The disclosure for this sale can be found here. Company insiders own 0.80% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. LSV Asset Management increased its position in shares of Dana by 6.4% in the third quarter. LSV Asset Management now owns 690,038 shares of the company’s stock valued at $10,757,000 after buying an additional 41,300 shares during the period. BlackRock Group LTD increased its position in shares of Dana by 7.9% in the third quarter. BlackRock Group LTD now owns 117,160 shares of the company’s stock valued at $1,825,000 after buying an additional 8,539 shares during the period. Prudential Financial Inc. increased its position in shares of Dana by 20.8% in the third quarter. Prudential Financial Inc. now owns 3,384,854 shares of the company’s stock valued at $52,770,000 after buying an additional 581,980 shares during the period. JPMorgan Chase & Co. increased its position in shares of Dana by 31.2% in the third quarter. JPMorgan Chase & Co. now owns 2,891,456 shares of the company’s stock valued at $45,078,000 after buying an additional 686,895 shares during the period. Finally, Northern Trust Corp increased its position in shares of Dana by 1.1% in the third quarter. Northern Trust Corp now owns 2,243,934 shares of the company’s stock valued at $34,983,000 after buying an additional 24,668 shares during the period. Hedge funds and other institutional investors own 95.23% of the company’s stock.

About Dana

Dana Inc, formerly Dana Holding Corporation, is a provider of high technology driveline, sealing and thermal-management products. The Company offers its products to vehicle manufacturers in the global light vehicle, medium/heavy vehicle and off-highway markets. The Company operates in four segments: Light Vehicle Driveline Technologies (Light Vehicle), Commercial Vehicle Driveline Technologies (Commercial Vehicle), Off-Highway Driveline Technologies (Off-Highway) and Power Technologies.

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