Dana (NYSE:DAN) Sets New 52-Week Low at $9.95

Dana Incorporated (NYSE:DAN) reached a new 52-week low during trading on Monday . The company traded as low as $9.95 and last traded at $10.01, with a volume of 130611 shares traded. The stock had previously closed at $10.13.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on DAN. Barclays raised their price target on Dana from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Friday, August 2nd. Wells Fargo & Company lifted their target price on Dana from $12.00 to $13.00 and gave the company an “equal weight” rating in a research report on Thursday, August 1st. StockNews.com raised Dana from a “hold” rating to a “buy” rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. dropped their target price on Dana from $18.00 to $17.00 and set an “overweight” rating on the stock in a research report on Monday, July 22nd. Finally, Wolfe Research started coverage on Dana in a research report on Thursday. They issued a “peer perform” rating on the stock. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $15.20.

Dana Stock Performance

The company has a quick ratio of 0.90, a current ratio of 1.48 and a debt-to-equity ratio of 1.55. The stock has a 50 day simple moving average of $11.34 and a two-hundred day simple moving average of $12.29. The stock has a market capitalization of $1.47 billion, a P/E ratio of 112.57 and a beta of 2.29.

Dana (NYSE:DAN) last issued its earnings results on Wednesday, July 31st. The auto parts company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.24 by $0.07. The company had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.76 billion. Dana had a positive return on equity of 4.98% and a negative net margin of 0.01%. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.37 EPS. On average, equities analysts forecast that Dana Incorporated will post 0.9 EPS for the current fiscal year.

Dana Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 9th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.94%. The ex-dividend date of this dividend was Friday, August 9th. Dana’s payout ratio is presently 444.49%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Cibc World Markets Corp grew its holdings in Dana by 46.0% in the 4th quarter. Cibc World Markets Corp now owns 1,190,000 shares of the auto parts company’s stock valued at $17,386,000 after buying an additional 375,000 shares in the last quarter. Great Lakes Advisors LLC lifted its position in shares of Dana by 89.5% during the 4th quarter. Great Lakes Advisors LLC now owns 126,015 shares of the auto parts company’s stock valued at $1,841,000 after acquiring an additional 59,502 shares during the period. SG Americas Securities LLC bought a new stake in shares of Dana during the 2nd quarter valued at $388,000. Finally, Rhumbline Advisers lifted its position in shares of Dana by 1.3% during the 2nd quarter. Rhumbline Advisers now owns 426,586 shares of the auto parts company’s stock valued at $5,170,000 after acquiring an additional 5,468 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.