BidaskClub upgraded shares of Dana Inc (NYSE:DAN) from a hold rating to a buy rating in a research report released on Saturday.

DAN has been the topic of a number of other research reports. FBR & Co reiterated a market perform rating and issued a $17.00 target price on shares of Dana in a research report on Friday, February 10th. Zacks Investment Research lowered shares of Dana from a hold rating to a sell rating in a report on Wednesday, March 1st. Finally, Deutsche Bank AG reissued a buy rating and issued a $23.00 price target (up previously from $22.00) on shares of Dana in a report on Wednesday, May 3rd. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of $21.40.

Shares of Dana (NYSE DAN) traded up 0.69% during mid-day trading on Friday, hitting $22.00. 1,940,043 shares of the company traded hands. The firm’s 50 day moving average price is $20.44 and its 200-day moving average price is $19.36. The stock has a market capitalization of $3.18 billion, a PE ratio of 4.79 and a beta of 1.49. Dana has a 1-year low of $9.80 and a 1-year high of $22.26.

Dana (NYSE:DAN) last issued its earnings results on Tuesday, May 2nd. The auto parts company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.25. The company had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.54 billion. Dana had a net margin of 4.41% and a return on equity of 26.92%. The firm’s revenue was up 17.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.34 EPS. On average, equities research analysts forecast that Dana will post $1.93 EPS for the current year.

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The company also recently declared a quarterly dividend, which was paid on Friday, June 2nd. Shareholders of record on Friday, May 12th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date was Wednesday, May 10th. Dana’s dividend payout ratio (DPR) is presently 5.47%.

In other Dana news, insider Dwayne Matthews sold 6,667 shares of the firm’s stock in a transaction on Thursday, May 4th. The shares were sold at an average price of $20.13, for a total value of $134,206.71. Following the sale, the insider now owns 49,422 shares of the company’s stock, valued at approximately $994,864.86. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Rodney R. Filcek sold 10,000 shares of the firm’s stock in a transaction on Friday, May 5th. The stock was sold at an average price of $20.35, for a total transaction of $203,500.00. Following the completion of the sale, the senior vice president now directly owns 36,481 shares in the company, valued at approximately $742,388.35. The disclosure for this sale can be found here. 0.80% of the stock is owned by company insiders.

Several large investors have recently made changes to their positions in DAN. Tyers Asset Management LLC bought a new stake in shares of Dana during the fourth quarter worth $132,000. Flinton Capital Management LLC bought a new stake in shares of Dana during the fourth quarter worth $161,000. Ledyard National Bank bought a new stake in shares of Dana during the first quarter worth $168,000. US Bancorp DE raised its stake in shares of Dana by 15.0% in the first quarter. US Bancorp DE now owns 9,476 shares of the auto parts company’s stock worth $183,000 after buying an additional 1,233 shares during the last quarter. Finally, Honkamp Krueger Financial Services Inc. ADV bought a new stake in shares of Dana during the fourth quarter worth $190,000. 95.23% of the stock is currently owned by hedge funds and other institutional investors.

About Dana

Dana Incorporated, formerly Dana Holding Corporation, is a global provider of technology driveline, sealing and thermal-management products. 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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