Dana (NYSE:DAN) Reaches New 12-Month High – Still a Buy?

Shares of Dana Incorporated (NYSE:DAN) hit a new 52-week high during trading on Tuesday . The company traded as high as $35.81 and last traded at $35.4190, with a volume of 77604 shares trading hands. The stock had previously closed at $34.84.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on DAN shares. Royal Bank Of Canada boosted their target price on shares of Dana from $32.00 to $40.00 and gave the company an “outperform” rating in a report on Thursday. Barclays lifted their price target on Dana from $27.00 to $32.00 and gave the company an “overweight” rating in a research report on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $36.00 target price on shares of Dana in a research note on Thursday, January 22nd. Zacks Research upgraded Dana from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 22nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Dana in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $35.17.

Dana Trading Up 1.6%

The stock has a market cap of $4.13 billion, a PE ratio of 78.39, a PEG ratio of 1.23 and a beta of 2.14. The company has a current ratio of 1.31, a quick ratio of 0.96 and a debt-to-equity ratio of 2.23. The firm has a fifty day simple moving average of $28.28 and a two-hundred day simple moving average of $23.14.

Dana Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, February 27th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, February 27th. This is a positive change from Dana’s previous quarterly dividend of $0.10. Dana’s payout ratio is currently 88.89%.

Institutional Investors Weigh In On Dana

A number of large investors have recently added to or reduced their stakes in the company. Loomis Sayles & Co. L P boosted its holdings in shares of Dana by 4.2% in the 2nd quarter. Loomis Sayles & Co. L P now owns 1,102,729 shares of the auto parts company’s stock worth $18,912,000 after purchasing an additional 44,010 shares in the last quarter. Segall Bryant & Hamill LLC lifted its position in Dana by 6.4% in the 2nd quarter. Segall Bryant & Hamill LLC now owns 194,338 shares of the auto parts company’s stock worth $3,333,000 after buying an additional 11,711 shares during the last quarter. SG Americas Securities LLC bought a new stake in Dana in the 3rd quarter worth approximately $488,000. Amalgamated Bank boosted its stake in Dana by 3.5% in the third quarter. Amalgamated Bank now owns 38,337 shares of the auto parts company’s stock worth $768,000 after buying an additional 1,279 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in Dana by 11.3% during the fourth quarter. GAMMA Investing LLC now owns 4,315 shares of the auto parts company’s stock valued at $103,000 after acquiring an additional 439 shares during 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.