Dana (NYSE:DAN) Sets New 1-Year High - Here's Why

Dana Incorporated (NYSE:DAN - Get Free Report) shares reached a new 52-week high during trading on Thursday . The company traded as high as $17.88 and last traded at $17.70, with a volume of 1674180 shares changing hands. The stock had previously closed at $17.40.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Royal Bank of Canada boosted their target price on Dana from $20.00 to $24.00 and gave the stock an "outperform" rating in a research note on Thursday. Wells Fargo & Company raised their price objective on shares of Dana from $15.00 to $17.00 and gave the stock an "equal weight" rating in a report on Thursday. UBS Group upped their target price on shares of Dana from $18.00 to $20.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Barclays lifted their price target on shares of Dana from $20.00 to $25.00 and gave the stock an "overweight" rating in a research note on Thursday. Finally, Wall Street Zen raised shares of Dana from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Dana currently has a consensus rating of "Moderate Buy" and an average target price of $20.14.

Dana Stock Down 1.5%

The business's fifty day moving average price is $14.52 and its 200 day moving average price is $13.86. The firm has a market capitalization of $2.54 billion, a price-to-earnings ratio of -44.74, a PEG ratio of 0.72 and a beta of 2.11. The company has a current ratio of 1.45, a quick ratio of 0.86 and a debt-to-equity ratio of 1.71.

Dana (NYSE:DAN - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The auto parts company reported $0.13 EPS for the quarter, missing analysts' consensus estimates of $0.17 by ($0.04). Dana had a negative net margin of 0.55% and a positive return on equity of 6.70%. The business had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.28 billion. During the same quarter in the prior year, the firm posted $0.02 earnings per share. The company's revenue for the quarter was down 14.0% compared to the same quarter last year. On average, equities analysts expect that Dana Incorporated will post 1.5 EPS for the current year.

Dana Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, May 31st. Shareholders of record on Saturday, May 10th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.29%. Dana's dividend payout ratio is presently -166.67%.

Hedge Funds Weigh In On Dana

Hedge funds and other institutional investors have recently bought and sold shares of the company. Yousif Capital Management LLC raised its position in Dana by 2.0% during the 4th quarter. Yousif Capital Management LLC now owns 56,818 shares of the auto parts company's stock worth $657,000 after buying an additional 1,130 shares during the last quarter. Great Lakes Advisors LLC increased its stake in shares of Dana by 103.6% during the fourth quarter. Great Lakes Advisors LLC now owns 280,798 shares of the auto parts company's stock worth $3,246,000 after acquiring an additional 142,850 shares during the period. Cibc World Markets Corp raised its holdings in Dana by 1.8% during the fourth quarter. Cibc World Markets Corp now owns 687,220 shares of the auto parts company's stock worth $7,944,000 after purchasing an additional 12,220 shares in the last quarter. Loomis Sayles & Co. L P acquired a new stake in Dana in the fourth quarter valued at about $9,498,000. Finally, JB Capital Partners LP lifted its position in Dana by 28.6% in the fourth quarter. JB Capital Partners LP now owns 1,832,293 shares of the auto parts company's stock valued at $21,181,000 after purchasing an additional 407,000 shares during the period. 96.79% of the stock is currently 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.