Dana (NYSE:DAN) Trading Down 7% – Here’s Why

by · The Cerbat Gem

Shares of Dana Incorporated (NYSE:DAN – Get Free Report) fell 7% during mid-day trading on Thursday . The company traded as low as $27.83 and last traded at $27.6350. 815,245 shares traded hands during trading, a decline of 45% from the average session volume of 1,478,828 shares. The stock had previously closed at $29.70.

Analyst Ratings Changes

Several analysts have recently commented on DAN shares. Royal Bank Of Canada increased their price objective on Dana from $33.00 to $37.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Barclays increased their price target on Dana from $33.00 to $35.00 and gave the company an “equal weight” rating in a research report on Friday, August 14th. Weiss Ratings downgraded shares of Dana from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Zacks Research upgraded shares of Dana from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 8th. Finally, UBS Group dropped their price target on shares of Dana from $39.00 to $38.00 and set a “buy” rating on the stock in a research report on Friday, August 7th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Dana has a consensus rating of “Moderate Buy” and a consensus price target of $37.00.

Check Out Our Latest Stock Report on Dana

Dana Stock Performance

The company has a quick ratio of 1.03, a current ratio of 1.49 and a debt-to-equity ratio of 0.66. The company has a market cap of $2.94 billion, a P/E ratio of 2.71 and a beta of 2.01. The company’s 50-day moving average is $29.43 and its two-hundred day moving average is $31.59.

Dana (NYSE:DAN – Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The auto parts company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.51). The company had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.93 billion. Dana had a return on equity of 4.07% and a net margin of 14.55%.The company’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.13 EPS. Dana has set its FY 2026 guidance at 1.750-2.250 EPS. Equities analysts predict that Dana Incorporated will post 1.93 EPS for the current year.

Dana Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 7th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, August 7th. Dana’s dividend payout ratio is currently 4.78%.

Institutional Trading of Dana

Several hedge funds and other institutional investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC grew its stake in Dana by 39.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,580 shares of the auto parts company’s stock valued at $38,000 after buying an additional 445 shares in the last quarter. Plato Investment Management Ltd bought a new position in shares of Dana in the second quarter valued at approximately $45,000. Pinnacle Holdings LLC purchased a new position in Dana during the second quarter valued at approximately $49,000. Northwestern Mutual Wealth Management Co. bought a new stake in Dana during the 2nd quarter worth approximately $49,000. Finally, Parallel Advisors LLC increased its holdings in Dana by 105.2% during the 1st quarter. Parallel Advisors LLC now owns 1,925 shares of the auto parts company’s stock worth $65,000 after acquiring an additional 987 shares during the period. Institutional investors own 96.79% of the company’s stock.

About Dana

(Get Free Report)

Dana Incorporated (NYSE:DAN) is a global supplier of drivetrain, propulsion, and thermal-management technologies for the automotive, commercial vehicle, and off-highway markets. The company develops and manufactures systems that help vehicles transmit power, manage heat, and improve efficiency across conventional, hybrid, and electric powertrains.

Its product portfolio includes axles, driveshafts, differentials, transmissions, sealing and thermal-management systems, and electrified propulsion components such as electric motors, inverters, gearboxes, and complete e-Propulsion systems.

Recommended Stories