Dana (NYSE:DAN) Sets New 1-Year High – Here’s What Happened

Dana Incorporated (NYSE:DAN)’s stock price hit a new 52-week high on Tuesday . The stock traded as high as $39.56 and last traded at $38.4750, with a volume of 1002499 shares traded. The stock had previously closed at $38.93.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Weiss Ratings upgraded shares of Dana from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, March 19th. UBS Group increased their price target on shares of Dana from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Tuesday, April 14th. Royal Bank Of Canada increased their price target on shares of Dana from $32.00 to $40.00 and gave the stock an “outperform” rating in a report on Thursday, February 19th. JPMorgan Chase & Co. increased their price target on shares of Dana from $39.00 to $45.00 and gave the stock an “overweight” rating in a report on Thursday, April 23rd. Finally, Wall Street Zen downgraded shares of Dana from a “buy” rating to a “hold” rating in a report on Sunday, April 19th. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Dana has a consensus rating of “Moderate Buy” and an average price target of $39.83.

Dana Trading Down 4.6%

The company has a current ratio of 1.17, a quick ratio of 0.86 and a debt-to-equity ratio of 2.85. The company has a 50-day simple moving average of $34.47 and a 200 day simple moving average of $27.96. The firm has a market cap of $3.93 billion, a PE ratio of 62.97 and a beta of 2.05.

Dana (NYSE:DAN) last released its quarterly earnings data on Friday, February 27th. The auto parts company reported $0.85 EPS for the quarter. Dana had a negative return on equity of 3.06% and a net margin of 1.13%.The business had revenue of $1.87 billion for the quarter. As a group, sell-side analysts forecast that Dana Incorporated will post 2.71 earnings per share for the current fiscal year.

Dana Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 8th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.3%. The ex-dividend date is Friday, May 8th. Dana’s dividend payout ratio is currently 84.21%.

Institutional Investors Weigh In On Dana

Several hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC boosted its position in Dana by 1,341.4% in the 1st quarter. SG Americas Securities LLC now owns 690,454 shares of the auto parts company’s stock worth $23,234,000 after purchasing an additional 642,552 shares in the last quarter. Tudor Investment Corp ET AL boosted its position in Dana by 28.4% in the 4th quarter. Tudor Investment Corp ET AL now owns 273,631 shares of the auto parts company’s stock worth $6,501,000 after purchasing an additional 60,487 shares in the last quarter. Loomis Sayles & Co. L P boosted its position in Dana by 61.2% in the 4th quarter. Loomis Sayles & Co. L P now owns 1,591,768 shares of the auto parts company’s stock worth $37,820,000 after purchasing an additional 604,246 shares in the last quarter. Catalyst Funds Management Pty Ltd purchased a new stake in Dana in the 4th quarter worth approximately $309,000. Finally, EverSource Wealth Advisors LLC boosted its position in Dana by 39.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,580 shares of the auto parts company’s stock worth $38,000 after purchasing an additional 445 shares in the last quarter. Hedge funds and other institutional investors own 96.79% of the company’s stock.

About Dana

Dana Incorporated is a global leader in the design and manufacture of drivetrain, sealing, and thermal-management technologies for the automotive, commercial vehicle, off-highway and industrial markets. The company’s product portfolio includes axles, driveshafts, transmissions, e-Propulsion systems and thermal-management assemblies that help improve fuel efficiency, reduce emissions and enhance vehicle performance. Dana’s expertise spans internal combustion and electrified powertrains, positioning it to support both traditional and next-generation mobility solutions.

Founded in 1904 by Clarence W.