Dana (NYSE:DAN) Reaches New 12-Month High – Time to Buy?

Dana Incorporated (NYSE:DAN) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $17.11 and last traded at $17.05, with a volume of 431186 shares. The stock had previously closed at $16.42.

Analyst Upgrades and Downgrades

DAN has been the topic of a number of recent research reports. Barclays raised their price objective on Dana from $17.00 to $20.00 and gave the company an “overweight” rating in a research note on Friday, May 2nd. UBS Group increased their price target on Dana from $18.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, May 1st. Royal Bank of Canada raised shares of Dana from a “hold” rating to a “moderate buy” rating and upped their price target for the company from $14.00 to $20.00 in a research report on Thursday, May 22nd. Wells Fargo & Company boosted their target price on shares of Dana from $12.00 to $15.00 and gave the company an “equal weight” rating in a research report on Monday, May 19th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Dana from $14.00 to $20.00 and gave the company an “overweight” rating in a research report on Monday, January 27th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $18.57.

Dana Stock Up 3.8%

The business’s 50-day moving average is $13.60 and its 200-day moving average is $13.15. The company has a quick ratio of 0.86, a current ratio of 1.45 and a debt-to-equity ratio of 1.71. The company has a market capitalization of $2.48 billion, a price-to-earnings ratio of -43.73, a P/E/G ratio of 0.72 and a beta of 2.07.

Dana (NYSE:DAN) 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). Dana had a positive return on equity of 6.70% and a negative net margin of 0.55%. The company had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same period last year, the firm posted $0.02 EPS. The business’s quarterly revenue was down 14.0% on a year-over-year basis. As a group, equities analysts predict that Dana Incorporated will post 1.5 earnings per share for the current year.

Dana Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, May 31st. Stockholders of record on Saturday, May 10th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.35%. Dana’s dividend payout ratio is currently -166.67%.

Institutional Investors Weigh In On Dana

Several large investors have recently modified their holdings of the company. Loomis Sayles & Co. L P purchased a new position in shares of Dana in the 4th quarter valued at about $9,498,000. JB Capital Partners LP lifted its stake in shares of Dana by 28.6% in the 4th quarter. JB Capital Partners LP now owns 1,832,293 shares of the auto parts company’s stock valued at $21,181,000 after purchasing an additional 407,000 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new stake in Dana in the 1st quarter valued at $2,434,000. Great Lakes Advisors LLC raised its stake in shares of Dana by 103.6% during the fourth quarter. Great Lakes Advisors LLC now owns 280,798 shares of the auto parts company’s stock valued at $3,246,000 after purchasing an additional 142,850 shares during the period. Finally, Jones Financial Companies Lllp increased its stake in Dana by 27,790.5% during the 1st quarter. Jones Financial Companies Lllp now owns 85,345 shares of the auto parts company’s stock worth $1,138,000 after buying an additional 85,039 shares during the period. 96.79% of the stock is owned by institutional investors and hedge funds.

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.