1 week Ago By ABMN Staff
Shares of Dana Incorporated ( NYSE:DAN – Get Free Report ) saw unusually-high trading volume on Friday . Approximately 690,972 shares changed hands during trading, a decline of 42% from the previous session’s volume of 1,189,332 shares.The stock last traded at $10.
41 and had previously closed at $10.46. Analysts Set New Price Targets Several research firms have recently issued reports on DAN.
Barclays increased their target price on Dana from $15.00 to $16.00 and gave the stock an “equal weight” rating in a report on Friday, August 2nd.
StockNews.com raised shares of Dana from a “hold” rating to a “buy” rating in a report on Friday, August 2nd. Wells Fargo & Company boosted their target price on shares of Dana from $12.
00 to $13.00 and gave the company an “equal weight” rating in a research report on Thursday, August 1st. JPMorgan Chase & Co.
reduced their price target on shares of Dana from $18.00 to $17.00 and set an “overweight” rating on the stock in a research report on Monday, July 22nd.
Finally, UBS Group lowered their price objective on shares of Dana from $14.00 to $12.00 and set a “neutral” rating for the company in a research report on Wednesday, July 10th.
Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $15.
20. Get Our Latest Report on DAN Dana Price Performance Dana ( NYSE:DAN – Get Free Report ) last released its quarterly earnings data on Wednesday, July 31st. The auto parts company reported $0.
31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.07.
Dana had a negative net margin of 0.01% and a positive return on equity of 4.98%.
The business had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.76 billion.
During the same period in the prior year, the company earned $0.37 EPS. The firm’s quarterly revenue was down .
4% compared to the same quarter last year. Sell-side analysts forecast that Dana Incorporated will post 0.9 EPS for the current fiscal year.
Dana Dividend Announcement The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 9th were issued a dividend of $0.10 per share.
This represents a $0.40 annualized dividend and a dividend yield of 3.95%.
The ex-dividend date was Friday, August 9th. Dana’s dividend payout ratio (DPR) is 444.44%.
Institutional Trading of Dana Hedge funds and other institutional investors have recently made changes to their positions in the company. Cibc World Markets Corp raised its holdings in Dana by 46.0% in the 4th quarter.
Cibc World Markets Corp now owns 1,190,000 shares of the auto parts company’s stock valued at $17,386,000 after buying an additional 375,000 shares during the last quarter. Great Lakes Advisors LLC increased its position in Dana by 89.5% in the 4th quarter.
Great Lakes Advisors LLC now owns 126,015 shares of the auto parts company’s stock valued at $1,841,000 after acquiring an additional 59,502 shares during the period. SG Americas Securities LLC bought a new position in shares of Dana during the second quarter valued at $388,000. Finally, Rhumbline Advisers lifted its holdings in shares of Dana by 1.
3% during the second quarter. Rhumbline Advisers now owns 426,586 shares of the auto parts company’s stock worth $5,170,000 after purchasing an additional 5,468 shares during the period. 96.
79% of the stock is currently owned by institutional investors. Dana Company Profile ( Get Free Report ) 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.
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