Dana (NYSE:DAN) Hits New 12-Month High Following Analyst Upgrade

Dana Incorporated (NYSE:DAN - Get Free Report) hit a new 52-week high on Thursday after UBS Group raised their price target on the stock from $20.00 to $22.00. UBS Group currently has a buy rating on the stock. Dana traded as high as $17.88 and last traded at $17.70, with a volume of 1674180 shares. The stock had previously closed at $17.40.

Several other research analysts have also recently weighed in on the company. Barclays lifted their price target on Dana from $20.00 to $25.00 and gave the company an "overweight" rating in a research report on Thursday. Wells Fargo & Company lifted their price target on Dana from $15.00 to $17.00 and gave the company an "equal weight" rating in a research report on Thursday. Royal Bank of Canada lifted their price target on Dana from $20.00 to $24.00 and gave the company an "outperform" rating in a research report on Thursday. Finally, Wall Street Zen upgraded Dana from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $20.43.

Institutional Trading of Dana

A number of institutional investors have recently made changes to their positions in the company. Great Lakes Advisors LLC boosted its stake in shares of Dana by 11.5% in the first quarter. Great Lakes Advisors LLC now owns 313,039 shares of the auto parts company's stock worth $4,173,000 after acquiring an additional 32,241 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Dana by 27,790.5% in the first quarter. Jones Financial Companies Lllp now owns 85,345 shares of the auto parts company's stock worth $1,138,000 after acquiring an additional 85,039 shares during the last quarter. JB Capital Partners LP boosted its stake in shares of Dana by 1.1% in the first quarter. JB Capital Partners LP now owns 1,852,293 shares of the auto parts company's stock worth $24,524,000 after acquiring an additional 20,000 shares during the last quarter. Segall Bryant & Hamill LLC acquired a new stake in shares of Dana in the first quarter worth approximately $2,434,000. Finally, Cornerstone Investment Partners LLC acquired a new position in Dana during the first quarter worth $146,000. 96.79% of the stock is owned by institutional investors and hedge funds.

Dana Price Performance

The stock has a 50 day simple moving average of $14.65 and a two-hundred day simple moving average of $13.96. The company has a market cap of $2.50 billion, a price-to-earnings ratio of -44.06, a price-to-earnings-growth ratio of 0.72 and a beta of 2.11. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.45 and a quick ratio of 0.86.

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

Dana Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, May 31st. Shareholders of record on Saturday, May 10th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.33%. Dana's dividend payout ratio is currently -166.67%.

Dana Company Profile

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.