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. “
Other equities research analysts have also recently issued reports about the stock. RBC Capital Markets reissued a sector perform rating and issued a $14.00 price target (up from $11.00) on shares of Dana Holding Corp. in a research report on Sunday, July 24th. FBR & Co reissued a buy rating and issued a $17.00 price target on shares of Dana Holding Corp. in a research report on Friday, July 22nd. Royal Bank Of Canada boosted their price target on shares of Dana Holding Corp. from $11.00 to $14.00 and gave the company a sector perform rating in a research report on Friday, July 22nd. Finally, Barclays PLC raised shares of Dana Holding Corp. from an equal weight rating to an overweight rating and boosted their price target for the company from $12.00 to $20.00 in a research report on Friday, September 16th. They noted that the move was a valuation call. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Dana Holding Corp. presently has an average rating of Hold and an average price target of $17.00.
Shares of Dana Holding Corp. (NYSE:DAN) opened at 15.47 on Friday. Dana Holding Corp. has a 52-week low of $9.80 and a 52-week high of $18.12. The firm has a market capitalization of $2.22 billion, a PE ratio of 17.36 and a beta of 1.94. The stock’s 50 day moving average price is $14.60 and its 200-day moving average price is $13.02.
Dana Holding Corp. (NYSE:DAN) last issued its earnings results on Thursday, July 21st. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.07. The firm earned $1.55 billion during the quarter, compared to the consensus estimate of $1.52 billion. Dana Holding Corp. had a net margin of 2.31% and a return on equity of 26.75%. The company’s revenue was down 3.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.48 earnings per share. Equities research analysts anticipate that Dana Holding Corp. will post $1.71 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Friday, August 19th were issued a $0.06 dividend. The ex-dividend date of this dividend was Wednesday, August 17th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.55%. Dana Holding Corp.’s payout ratio is 27.59%.
In related news, Director Mark A. Schulz sold 10,201 shares of the stock in a transaction dated Friday, September 2nd. The shares were sold at an average price of $14.60, for a total transaction of $148,934.60. Following the completion of the transaction, the director now directly owns 20,000 shares of the company’s stock, valued at $292,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark A. Schulz sold 5,444 shares of the stock in a transaction dated Tuesday, August 23rd. The stock was sold at an average price of $14.43, for a total transaction of $78,556.92. Following the transaction, the director now directly owns 30,201 shares of the company’s stock, valued at $435,800.43. The disclosure for this sale can be found here. 0.80% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Mason Street Advisors LLC purchased a new position in Dana Holding Corp. during the second quarter valued at about $712,000. Royal Bank of Canada boosted its position in Dana Holding Corp. by 2.2% in the second quarter. Royal Bank of Canada now owns 130,822 shares of the company’s stock valued at $1,381,000 after buying an additional 2,763 shares in the last quarter. Walthausen & Co. LLC purchased a new position in Dana Holding Corp. during the second quarter valued at about $9,373,000. Legal & General Group Plc boosted its position in Dana Holding Corp. by 44.7% in the second quarter. Legal & General Group Plc now owns 166,395 shares of the company’s stock valued at $1,752,000 after buying an additional 51,405 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY boosted its position in Dana Holding Corp. by 1.5% in the second quarter. Metropolitan Life Insurance Co. NY now owns 246,016 shares of the company’s stock valued at $2,598,000 after buying an additional 3,521 shares in the last quarter. 99.29% of the stock is owned by hedge funds and other institutional investors.
Dana Holding Corp. Company Profile
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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