Fintel reports that on September 13, 2023, UBS initiated coverage of Dana (NYSE:DAN) with a Neutral recommendation.
Analyst Price Forecast Suggests 21.05% Upside
As of August 31, 2023, the average one-year price target for Dana is 19.21. The forecasts range from a low of 17.17 to a high of $22.05. The average price target represents an increase of 21.05% from its latest reported closing price of 15.87.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Dana is 10,599MM, an increase of 1.12%. The projected annual non-GAAP EPS is 1.77.
Dana Declares $0.10 Dividend
On July 26, 2023 the company declared a regular quarterly dividend of $0.10 per share ($0.40 annualized). Shareholders of record as of August 11, 2023 received the payment on September 1, 2023. Previously, the company paid $0.10 per share.
At the current share price of $15.87 / share, the stock's dividend yield is 2.52%.
Looking back five years and taking a sample every week, the average dividend yield has been 2.29%, the lowest has been 1.44%, and the highest has been 3.37%. The standard deviation of yields is 0.45 (n=187).
The current dividend yield is 0.52 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is -0.28. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
What is the Fund Sentiment?
There are 606 funds or institutions reporting positions in Dana. This is a decrease of 30 owner(s) or 4.72% in the last quarter. Average portfolio weight of all funds dedicated to DAN is 0.18%, a decrease of 0.21%. Total shares owned by institutions increased in the last three months by 3.14% to 168,461K shares. 
The put/call ratio of DAN is 0.85, indicating a bullish outlook.
What are Other Shareholders Doing?
Icahn Carl C holds 14,287K shares representing 9.90% ownership of the company. No change in the last quarter.
IJR - iShares Core S&P Small-Cap ETF holds 9,030K shares representing 6.26% ownership of the company.
Invesco holds 6,125K shares representing 4.24% ownership of the company. In it's prior filing, the firm reported owning 5,958K shares, representing an increase of 2.73%. The firm increased its portfolio allocation in DAN by 1,078.95% over the last quarter.
Alliancebernstein holds 5,279K shares representing 3.66% ownership of the company. In it's prior filing, the firm reported owning 5,560K shares, representing a decrease of 5.32%. The firm increased its portfolio allocation in DAN by 2.23% over the last quarter.
Pzena Investment Management holds 4,941K shares representing 3.42% ownership of the company. In it's prior filing, the firm reported owning 5,033K shares, representing a decrease of 1.85%. The firm increased its portfolio allocation in DAN by 9.64% over the last quarter.
Dana Background Information
(This description is provided by the company.)
Dana is a world leader in providing power-conveyance and energy-management solutions that are engineered to improve the efficiency, performance, and sustainability of light vehicles, commercial vehicles, and off-highway equipment. Enabling the propulsion of conventional, hybrid, and electric-powered vehicles, Dana equips its customers with critical drive and motion systems; electrodynamic technologies; and thermal, sealing, and digital solutions. Based in Maumee, Ohio, USA, the company reported sales of $8.6 billion in 2019 with 36,000 associates in 34 countries across six continents. Founded in 1904, Dana has been recognized by Forbes magazine as a World's Best Employer with a high-performance culture that focuses on its people and has earned recognition globally as a top employer.
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