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

Dana Incorporated (NYSE:DAN)’s stock price rose 5% during mid-day trading on Wednesday . The company 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

DAN has been the subject of a number of analyst reports. Wells Fargo & Company decreased their price objective on Dana from $9.00 to $7.00 and set an “underweight” rating for the company in a research note on Thursday, October 31st. JPMorgan Chase & Co. lowered 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 price objective on shares of Dana from $14.00 to $12.00 and set an “equal weight” rating for the company in a research note on Thursday, October 31st. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $12.00 target price on shares of Dana in a research note on Tuesday, September 10th. Finally, Wolfe Research initiated coverage on Dana in a research report on Thursday, September 5th. They set a “peer perform” rating on the stock. 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $12.50.

Dana Stock Up 6.0 %

The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of -92.00, 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. The company’s 50 day moving average price is $9.68 and its 200 day moving average price is $11.16.

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

Dana Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 8th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 3.95%. The ex-dividend date is Friday, November 8th. Dana’s payout ratio is -363.64%.

Institutional Trading of Dana

A number of hedge funds and other institutional investors have recently made changes to their positions in DAN. Entropy Technologies LP purchased a new stake in Dana in the third quarter valued at $250,000. SG Americas Securities LLC purchased a new stake in shares of Dana in the second quarter worth about $388,000. Martingale Asset Management L P acquired a new stake in Dana during the third quarter worth about $346,000. Segall Bryant & Hamill LLC purchased a new position in Dana during the third quarter valued at approximately $2,687,000. Finally, Rhumbline Advisers lifted its holdings in Dana by 1.3% in the second 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. Institutional investors and hedge funds own 96.79% of the company’s stock.

About Dana

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.