Dana (NYSE:DAN) Shares Gap Up - Should You Buy?

Dana Incorporated (NYSE:DAN - Get Free Report) shares gapped up prior to trading on Tuesday . The stock had previously closed at $11.29, but opened at $11.76. Dana shares last traded at $11.60, with a volume of 42,813 shares.

Analysts Set New Price Targets

DAN has been the topic of a number of research reports. UBS Group decreased their price objective on Dana from $20.00 to $18.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Wells Fargo & Company upgraded shares of Dana from an "underweight" rating to an "equal weight" rating and boosted their price objective for the stock from $10.00 to $16.00 in a report on Monday, January 27th. Royal Bank of Canada lifted their target price on shares of Dana from $13.00 to $16.00 and gave the stock a "sector perform" rating in a research report on Friday, February 21st. StockNews.com lowered shares of Dana from a "buy" rating to a "hold" rating in a research report on Tuesday, April 8th. Finally, JPMorgan Chase & Co. lifted their price objective on Dana from $14.00 to $20.00 and gave the stock an "overweight" rating in a report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, Dana currently has an average rating of "Hold" and an average target price of $17.50.

Dana Trading Up 4.4 %

The firm has a market cap of $1.91 billion, a PE ratio of -33.54, a PEG ratio of 0.72 and a beta of 2.26. The firm has a fifty day simple moving average of $13.32 and a two-hundred day simple moving average of $12.32. 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 announced its quarterly earnings results on Thursday, February 20th. The auto parts company reported $0.25 EPS for the quarter, topping analysts' consensus estimates of $0.10 by $0.15. Dana had a positive return on equity of 6.70% and a negative net margin of 0.55%. The company had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.33 billion. Equities analysts forecast that Dana Incorporated will post 1.5 EPS for the current year.

Dana Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, May 31st. Shareholders of record on Saturday, May 10th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 3.06%. Dana's dividend payout ratio (DPR) is presently -102.56%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Versant Capital Management Inc grew its stake in Dana by 484.6% in the fourth quarter. Versant Capital Management Inc now owns 2,695 shares of the auto parts company's stock worth $31,000 after purchasing an additional 2,234 shares during the period. GAMMA Investing LLC increased its stake in shares of Dana by 118.3% in the 4th quarter. GAMMA Investing LLC now owns 2,702 shares of the auto parts company's stock worth $31,000 after acquiring an additional 1,464 shares in the last quarter. Yousif Capital Management LLC lifted 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 valued at $657,000 after acquiring an additional 1,130 shares during the period. Great Lakes Advisors LLC boosted its stake in 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 in the last quarter. Finally, Cibc World Markets Corp grew its holdings in Dana by 1.8% in 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 during the period. Institutional investors own 96.79% of the company's stock.

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.