Dana (NYSE:DAN) Trading Down 5.2% – Here’s Why

Dana Incorporated (NYSE:DAN) fell 5.2% during mid-day trading on Thursday . The company traded as low as $13.13 and last traded at $13.89. 455,199 shares changed hands during trading, a decline of 70% from the average session volume of 1,531,806 shares. The stock had previously closed at $14.66.

Analyst Ratings Changes

DAN has been the subject of several research reports. Royal Bank of Canada upped their target price on shares of Dana from $13.00 to $16.00 and gave the stock a “sector perform” rating in a research report on Friday, February 21st. BNP Paribas raised Dana from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $9.00 to $16.00 in a research note on Tuesday, December 3rd. StockNews.com raised Dana from a “hold” rating to a “buy” rating in a research note on Wednesday, March 19th. Deutsche Bank Aktiengesellschaft upgraded shares of Dana from a “hold” rating to a “buy” rating and raised their target price for the stock from $9.00 to $19.00 in a report on Monday, December 9th. Finally, Barclays raised their price target on shares of Dana from $18.00 to $23.00 and gave the stock an “overweight” rating in a report on Tuesday, January 28th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $18.50.

Dana Stock Performance

The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.86 and a current ratio of 1.45. The company’s 50-day moving average price is $15.00 and its 200 day moving average price is $12.09. The stock has a market capitalization of $1.92 billion, a PE ratio of -33.78, a PEG ratio of 0.72 and a beta of 2.42.

Dana (NYSE:DAN) last posted its quarterly earnings data on Thursday, February 20th. The auto parts company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.15. Dana had a positive return on equity of 6.70% and a negative net margin of 0.55%. The business had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.33 billion. On average, equities research analysts expect that Dana Incorporated will post 1.5 earnings per share for the current fiscal year.

Dana Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, February 28th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 3.04%. The ex-dividend date of this dividend was Friday, February 28th. Dana’s dividend payout ratio is currently -102.56%.

Institutional Investors Weigh In On Dana

Several hedge funds have recently bought and sold shares of DAN. GAMMA Investing LLC lifted its holdings in shares of Dana by 118.3% during the fourth quarter. GAMMA Investing LLC now owns 2,702 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 1,464 shares during the last quarter. Versant Capital Management Inc increased its position in Dana by 484.6% during the 4th quarter. Versant Capital Management Inc now owns 2,695 shares of the auto parts company’s stock valued at $31,000 after buying an additional 2,234 shares in the last quarter. Sterling Capital Management LLC raised its stake in Dana by 829.3% during the fourth quarter. Sterling Capital Management LLC now owns 4,182 shares of the auto parts company’s stock valued at $48,000 after buying an additional 3,732 shares during the last quarter. Martingale Asset Management L P bought a new stake in Dana in the third quarter worth $346,000. Finally, State of Tennessee Department of Treasury increased its holdings in shares of Dana by 6.6% during the fourth quarter. State of Tennessee Department of Treasury now owns 54,271 shares of the auto parts company’s stock valued at $627,000 after acquiring an additional 3,368 shares in the last quarter. Institutional investors own 96.79% of the company’s stock.

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.