Dana (NYSE:DAN) Reaches New 52-Week High – Should You Buy?

Shares of Dana Incorporated (NYSE:DAN) reached a new 52-week high on Wednesday . The company traded as high as $29.53 and last traded at $29.3150, with a volume of 470963 shares changing hands. The stock had previously closed at $27.25.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Barclays boosted their price objective on shares of Dana from $25.00 to $27.00 and gave the company an “overweight” rating in a research report on Friday, October 10th. Weiss Ratings restated a “hold (c)” rating on shares of Dana in a research report on Monday, December 29th. Wells Fargo & Company increased their target price on Dana from $23.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Monday, January 12th. UBS Group boosted their price target on Dana from $28.00 to $31.00 and gave the stock a “buy” rating in a report on Wednesday, January 14th. Finally, Zacks Research lowered shares of Dana from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 12th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Dana has an average rating of “Moderate Buy” and a consensus price target of $27.20.

Dana Trading Up 8.5%

The company has a market cap of $3.45 billion, a PE ratio of 65.58, a P/E/G ratio of 1.10 and a beta of 2.14. The stock’s 50 day moving average is $23.49 and its 200-day moving average is $20.60. The company has a quick ratio of 0.96, a current ratio of 1.31 and a debt-to-equity ratio of 2.23.

Dana (NYSE:DAN) last announced its quarterly earnings results on Wednesday, October 29th. The auto parts company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.09). Dana had a net margin of 0.64% and a return on equity of 6.35%. The business had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same period in the previous year, the business posted $0.12 EPS. The firm’s revenue was up 1.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Dana Incorporated will post 1.5 EPS for the current year.

Institutional Investors Weigh In On Dana

Institutional investors have recently made changes to their positions in the company. Loomis Sayles & Co. L P grew its holdings in Dana by 4.2% during the 2nd quarter. Loomis Sayles & Co. L P now owns 1,102,729 shares of the auto parts company’s stock valued at $18,912,000 after purchasing an additional 44,010 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of Dana by 3.1% during the third quarter. Russell Investments Group Ltd. now owns 927,987 shares of the auto parts company’s stock valued at $18,597,000 after buying an additional 27,712 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of Dana by 2.2% in the second quarter. Rhumbline Advisers now owns 401,017 shares of the auto parts company’s stock worth $6,877,000 after buying an additional 8,787 shares during the period. Tudor Investment Corp ET AL lifted its stake in shares of Dana by 1,706.3% during the 3rd quarter. Tudor Investment Corp ET AL now owns 213,144 shares of the auto parts company’s stock worth $4,271,000 after acquiring an additional 201,344 shares during the last quarter. Finally, Segall Bryant & Hamill LLC boosted its holdings in Dana by 6.8% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 207,608 shares of the auto parts company’s stock valued at $4,160,000 after acquiring an additional 13,270 shares during the period. 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.