Dana Incorporated (NYSE:DAN - Get Free Report)'s stock price was up 8.8% during trading on Tuesday . The company traded as high as $16.72 and last traded at $16.72. Approximately 462,965 shares traded hands during trading, a decline of 75% from the average daily volume of 1,888,854 shares. The stock had previously closed at $15.37.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on DAN shares. Wells Fargo & Company reiterated a "buy" rating on shares of Dana in a research report on Thursday, June 12th. JPMorgan Chase & Co. reduced their target price on Dana from $24.00 to $23.00 and set an "overweight" rating for the company in a report on Monday, July 21st. UBS Group restated a "buy" rating and issued a $23.00 target price (up previously from $22.00) on shares of Dana in a report on Monday, July 14th. Barclays restated an "overweight" rating and issued a $25.00 target price (up previously from $20.00) on shares of Dana in a report on Thursday, June 12th. Finally, Royal Bank Of Canada restated an "outperform" rating and issued a $24.00 target price (up previously from $20.00) on shares of Dana in a report on Thursday, June 12th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $21.00.
Read Our Latest Research Report on DAN
Dana Trading Up 8.3%
The company has a debt-to-equity ratio of 1.68, a current ratio of 1.43 and a quick ratio of 0.85. The company has a fifty day moving average of $16.89 and a 200-day moving average of $15.21. The firm has a market capitalization of $2.43 billion, a PE ratio of -69.15, a price-to-earnings-growth ratio of 0.98 and a beta of 2.14.
Dana Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 8th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Friday, August 8th. Dana's dividend payout ratio (DPR) is currently -166.67%.
Institutional Trading of Dana
Several hedge funds and other institutional investors have recently modified their holdings of DAN. FNY Investment Advisers LLC acquired a new position in Dana during the second quarter worth $25,000. Sterling Capital Management LLC increased its position in Dana by 829.3% during the fourth quarter. Sterling Capital Management LLC now owns 4,182 shares of the auto parts company's stock worth $48,000 after buying an additional 3,732 shares during the last quarter. Cornerstone Investment Partners LLC acquired a new position in Dana during the first quarter worth $146,000. GAMMA Investing LLC increased its position in Dana by 1,495.0% during the first quarter. GAMMA Investing LLC now owns 43,096 shares of the auto parts company's stock worth $574,000 after buying an additional 40,394 shares during the last quarter. Finally, SG Americas Securities LLC increased its position in Dana by 3.8% during the first quarter. SG Americas Securities LLC now owns 44,968 shares of the auto parts company's stock worth $599,000 after buying an additional 1,662 shares during the last quarter. 96.79% of the stock is currently owned by hedge funds and other institutional investors.
About Dana
(
Get Free Report)
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.
Further Reading
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