Dana (NYSE:DAN) Hits New 12-Month High on Analyst Upgrade

Dana Incorporated (NYSE:DAN) reached a new 52-week high on Thursday after UBS Group raised their price target on the stock from $20.00 to $22.00. UBS Group currently has a buy rating on the stock. Dana traded as high as $17.88 and last traded at $17.70, with a volume of 1674180 shares. The stock had previously closed at $17.40.

Several other equities analysts have also commented on DAN. Royal Bank of Canada upped their target price on Dana from $20.00 to $24.00 and gave the company an “outperform” rating in a research note on Thursday. Wells Fargo & Company upped their target price on Dana from $15.00 to $17.00 and gave the company an “equal weight” rating in a research note on Thursday. Wall Street Zen upgraded Dana from a “hold” rating to a “buy” rating in a research note on Thursday, May 22nd. Finally, Barclays upped their target price on Dana from $20.00 to $25.00 and gave the company an “overweight” rating in a research note on Thursday. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Dana currently has a consensus rating of “Moderate Buy” and an average price target of $20.43.

Institutional Investors Weigh In On Dana

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Great Lakes Advisors LLC increased its stake in Dana by 11.5% during the first quarter. Great Lakes Advisors LLC now owns 313,039 shares of the auto parts company’s stock worth $4,173,000 after acquiring an additional 32,241 shares during the last quarter. Jones Financial Companies Lllp increased its stake in Dana by 27,790.5% during the first quarter. Jones Financial Companies Lllp now owns 85,345 shares of the auto parts company’s stock worth $1,138,000 after acquiring an additional 85,039 shares during the last quarter. JB Capital Partners LP increased its stake in Dana by 1.1% during the first quarter. JB Capital Partners LP now owns 1,852,293 shares of the auto parts company’s stock worth $24,524,000 after acquiring an additional 20,000 shares during the last quarter. Segall Bryant & Hamill LLC acquired a new stake in Dana during the first quarter worth about $2,434,000. Finally, Cornerstone Investment Partners LLC purchased a new stake in shares of Dana in the first quarter worth about $146,000. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Dana Price Performance

The company has a 50-day moving average price of $14.65 and a two-hundred day moving average price of $13.91. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.45 and a quick ratio of 0.86. The company has a market cap of $2.50 billion, a PE ratio of -44.06, a P/E/G ratio of 0.72 and a beta of 2.11.

Dana (NYSE:DAN) last issued its earnings results on Wednesday, April 30th. The auto parts company reported $0.13 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $2.28 billion. During the same period in the previous year, the company earned $0.02 EPS. Dana’s quarterly revenue was down 14.0% on a year-over-year basis. Sell-side analysts expect that Dana Incorporated will post 1.5 earnings per share for the current fiscal year.

Dana Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, May 31st. Stockholders of record on Saturday, May 10th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.33%. Dana’s payout ratio is -166.67%.

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.