Dana (NYSE:DAN) Sees Unusually-High Trading Volume

Dana Incorporated (NYSE:DAN - Get Free Report) saw unusually-high trading volume on Friday . Approximately 1,068,149 shares traded hands during mid-day trading, a decline of 15% from the previous session's volume of 1,250,862 shares.The stock last traded at $12.14 and had previously closed at $12.01.

Analysts Set New Price Targets

DAN has been the topic of several analyst reports. JPMorgan Chase & Co. decreased their target price on shares of Dana from $19.00 to $18.00 and set an "overweight" rating on the stock in a research note on Monday, February 26th. Barclays reduced their price objective on shares of Dana from $16.00 to $15.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 28th. Finally, Wells Fargo & Company reduced their price objective on shares of Dana from $14.00 to $13.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 21st. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Dana presently has a consensus rating of "Hold" and a consensus price target of $16.43.

Dana Trading Up 1.2 %

The stock's 50-day simple moving average is $12.48 and its 200-day simple moving average is $13.06. The firm has a market capitalization of $1.76 billion, a PE ratio of 46.73, a P/E/G ratio of 0.35 and a beta of 2.49. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.93 and a current ratio of 1.58.

Dana (NYSE:DAN - Get Free Report) last released its earnings results on Tuesday, February 20th. The auto parts company reported ($0.08) earnings per share for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.06). The business had revenue of $2.49 billion during the quarter, compared to analysts' expectations of $2.58 billion. Dana had a return on equity of 7.37% and a net margin of 0.36%. The firm's quarterly revenue was down 2.4% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.10) earnings per share. As a group, sell-side analysts expect that Dana Incorporated will post 0.99 EPS for the current fiscal year.

Dana Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 1st were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date of this dividend was Thursday, February 29th. Dana's dividend payout ratio is presently 153.85%.

Institutional Trading of Dana

A number of hedge funds and other institutional investors have recently modified their holdings of DAN. Captrust Financial Advisors boosted its stake in Dana by 121.5% in the 2nd quarter. Captrust Financial Advisors now owns 5,502 shares of the auto parts company's stock worth $77,000 after purchasing an additional 3,018 shares in the last quarter. Public Employees Retirement Association of Colorado boosted its stake in Dana by 105.0% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 20,434 shares of the auto parts company's stock worth $299,000 after purchasing an additional 10,466 shares in the last quarter. Teachers Retirement System of The State of Kentucky bought a new position in Dana in the 3rd quarter worth about $335,000. Handelsbanken Fonder AB boosted its stake in Dana by 71.5% in the 4th quarter. Handelsbanken Fonder AB now owns 35,490 shares of the auto parts company's stock worth $519,000 after purchasing an additional 14,800 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in Dana in the 3rd quarter worth about $567,000. 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.