Dana (NYSE:DAN) Reaches New 12-Month High - What's Next?

Key Points

• Dana Incorporated's stock reached a new 52-week high at $21.19, with a significant trading volume of 57,393 shares.
• Six analysts rated Dana as a Buy, while the average target price has been raised to $21.57 from previous estimates.
• The company recently declared a quarterly dividend of $0.10 per share, representing an annualized dividend yield of 1.9%.

Dana Incorporated (NYSE:DAN - Get Free Report) reached a new 52-week high during trading on Thursday . The company traded as high as $21.02 and last traded at $21.19, with a volume of 57393 shares. The stock had previously closed at $20.78.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on DAN shares. Wells Fargo & Company lifted their target price on Dana from $18.00 to $19.00 and gave the stock an "equal weight" rating in a research note on Tuesday, September 9th. UBS Group reiterated a "buy" rating and set a $23.00 target price (up from $22.00) on shares of Dana in a research note on Monday, July 14th. Barclays reiterated an "overweight" rating and set a $25.00 target price (up from $20.00) on shares of Dana in a research note on Thursday, June 12th. Royal Bank Of Canada lifted their target price on Dana from $24.00 to $26.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 2nd. Finally, Cfra Research upgraded Dana from a "moderate sell" rating to a "hold" rating in a research note on Tuesday, August 5th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $21.57.

Dana Stock Down 1.5%

The company has a debt-to-equity ratio of 2.02, a current ratio of 1.36 and a quick ratio of 1.00. The stock has a market capitalization of $2.70 billion, a PE ratio of -128.47, a PEG ratio of 1.95 and a beta of 2.12. The company has a 50 day moving average price of $18.29 and a 200-day moving average price of $16.03.

Dana (NYSE:DAN - Get Free Report) last issued its quarterly earnings results on Monday, August 11th. The auto parts company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.35). The firm had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $2.55 billion. Dana had a positive return on equity of 5.65% and a negative net margin of 0.26%.Dana's revenue for the quarter was down 5.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.31 earnings per share. As a group, analysts forecast that Dana Incorporated will post 1.5 earnings per share for the current fiscal year.

Dana Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 8th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Friday, August 8th. Dana's dividend payout ratio is presently -250.00%.

Insiders Place Their Bets

In related news, CAO James D. Kellett sold 11,728 shares of the company's stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $18.65, for a total value of $218,727.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.46% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Dana

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FNY Investment Advisers LLC bought a new position in Dana in the second quarter valued at about $25,000. Cornerstone Investment Partners LLC bought a new position in Dana in the first quarter valued at about $146,000. Captrust Financial Advisors bought a new position in Dana in the second quarter valued at about $176,000. GAMMA Investing LLC lifted its holdings in Dana by 1,495.0% in the first quarter. GAMMA Investing LLC now owns 43,096 shares of the auto parts company's stock valued at $574,000 after acquiring an additional 40,394 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in Dana by 3.8% in the first quarter. SG Americas Securities LLC now owns 44,968 shares of the auto parts company's stock valued at $599,000 after acquiring an additional 1,662 shares during the period. 96.79% of the stock is owned by hedge funds and other institutional investors.

About Dana

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.