Dana (NYSE:DAN) Stock Price Up 5% – What’s Next?

Dana Incorporated (NYSE:DAN)’s stock price was up 5% during mid-day trading on Wednesday . The stock traded as high as $10.03 and last traded at $10.03. Approximately 82,750 shares traded hands during mid-day trading, a decline of 94% from the average daily volume of 1,421,635 shares. The stock had previously closed at $9.55.

Analyst Ratings Changes

A number of research analysts have recently commented on DAN shares. JPMorgan Chase & Co. cut their price target on shares of Dana from $16.00 to $14.00 and set an “overweight” rating on the stock in a report on Monday, November 11th. Barclays reduced their target price on shares of Dana from $14.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 31st. Wolfe Research assumed coverage on Dana in a report on Thursday, September 5th. They set a “peer perform” rating on the stock. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $12.00 target price on shares of Dana in a report on Tuesday, September 10th. Finally, Wells Fargo & Company cut their price target on Dana from $9.00 to $7.00 and set an “underweight” rating on the stock in a research note on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $12.50.

Dana Trading Up 5.3 %

The company’s 50 day simple moving average is $9.69 and its two-hundred day simple moving average is $11.17. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of -92.81, a P/E/G ratio of 0.86 and a beta of 2.30. The company has a quick ratio of 0.86, a current ratio of 1.49 and a debt-to-equity ratio of 1.58.

Dana (NYSE:DAN) last announced its earnings results on Wednesday, October 30th. The auto parts company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.13). The business had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.57 billion. Dana had a negative net margin of 0.15% and a positive return on equity of 3.48%. The company’s quarterly revenue was down 7.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.30 earnings per share. As a group, research analysts anticipate that Dana Incorporated will post 0.85 earnings per share for the current fiscal year.

Dana Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 8th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.40 dividend on an annualized basis and a yield of 3.98%. Dana’s dividend payout ratio (DPR) is -363.60%.

Hedge Funds Weigh In On Dana

Institutional investors have recently bought and sold shares of the business. Rhumbline Advisers lifted its stake in Dana by 1.3% in the 2nd quarter. Rhumbline Advisers now owns 426,586 shares of the auto parts company’s stock worth $5,170,000 after purchasing an additional 5,468 shares in the last quarter. Entropy Technologies LP purchased a new stake in shares of Dana in the 3rd quarter valued at approximately $250,000. SG Americas Securities LLC boosted its position in shares of Dana by 81.8% during the 3rd quarter. SG Americas Securities LLC now owns 58,274 shares of the auto parts company’s stock worth $615,000 after purchasing an additional 26,225 shares during the period. Martingale Asset Management L P acquired a new stake in Dana in the 3rd quarter valued at approximately $346,000. Finally, JB Capital Partners LP raised its position in Dana by 9.9% in the third quarter. JB Capital Partners LP now owns 1,425,293 shares of the auto parts company’s stock valued at $14,880,000 after purchasing an additional 128,000 shares during the period. 96.79% of the stock is owned by hedge funds and other institutional investors.

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.