Dana (NYSE:DAN) Hits New 12-Month High – Should You Buy?

Shares of Dana Incorporated (NYSE:DAN) reached a new 52-week high on Friday . The stock traded as high as $19.77 and last traded at $19.85, with a volume of 400440 shares. The stock had previously closed at $18.72.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Wells Fargo & Company reiterated a “buy” rating on shares of Dana in a research note on Thursday, June 12th. Wall Street Zen raised Dana from a “hold” rating to a “buy” rating in a report on Thursday, May 22nd. Barclays reissued an “overweight” rating and set a $25.00 price objective (up previously from $20.00) on shares of Dana in a report on Thursday, June 12th. UBS Group reissued a “buy” rating and set a $23.00 price objective (up previously from $22.00) on shares of Dana in a report on Monday, July 14th. Finally, JPMorgan Chase & Co. dropped their price objective on Dana from $24.00 to $23.00 and set an “overweight” rating on the stock in a report on Monday, July 21st. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $21.00.

Dana Trading Up 5.7%

The firm has a fifty day simple moving average of $17.27 and a two-hundred day simple moving average of $15.52. The stock has a market cap of $2.60 billion, a PE ratio of -123.68, a PEG ratio of 1.84 and a beta of 2.14. The company has a current ratio of 1.36, a quick ratio of 1.00 and a debt-to-equity ratio of 2.02.

Dana (NYSE:DAN) last released its quarterly earnings results on Monday, August 11th. The auto parts company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.35). Dana had a negative net margin of 0.26% and a positive return on equity of 5.65%. The business had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $2.55 billion. During the same period in the previous year, the business earned $0.31 EPS. The business’s revenue was down 5.5% on a year-over-year basis. As a group, equities analysts expect that Dana Incorporated will post 1.5 earnings per share for the current fiscal year.

Dana Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 8th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, August 8th. This represents a $0.40 annualized dividend and a dividend yield of 2.0%. Dana’s dividend payout ratio (DPR) is presently -250.00%.

Insider Buying and Selling at Dana

In other Dana news, CAO James D. Kellett sold 11,728 shares of the firm’s stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $18.65, for a total value of $218,727.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.46% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Dana

Institutional investors have recently modified their holdings of the company. FNY Investment Advisers LLC bought a new position in shares of Dana during the 2nd quarter valued at about $25,000. Cornerstone Investment Partners LLC bought a new position in shares of Dana during the 1st quarter valued at about $146,000. Captrust Financial Advisors bought a new position in shares of Dana during the 2nd quarter valued at about $176,000. GAMMA Investing LLC increased its position in shares of Dana by 1,495.0% during the 1st quarter. GAMMA Investing LLC now owns 43,096 shares of the auto parts company’s stock valued at $574,000 after purchasing an additional 40,394 shares during the last quarter. Finally, SG Americas Securities LLC increased its position in shares of Dana by 3.8% during the 1st quarter. SG Americas Securities LLC now owns 44,968 shares of the auto parts company’s stock valued at $599,000 after purchasing an additional 1,662 shares during the last quarter. 96.79% of the stock is currently owned by institutional investors.

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.