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

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. StockNews.com upgraded shares of Dana from a “hold” rating to a “buy” rating in a report on Wednesday, March 19th. Royal Bank of Canada boosted their price target on Dana from $13.00 to $16.00 and gave the stock a “sector perform” rating in a research note on Friday, February 21st. BNP Paribas raised Dana from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $9.00 to $16.00 in a research report on Tuesday, December 3rd. Barclays boosted their target price on Dana from $18.00 to $23.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 28th. Finally, UBS Group raised their price target on shares of Dana from $18.00 to $20.00 and gave the company a “buy” rating in a report on Monday, January 27th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $18.50.

Dana Trading Down 4.2 %

The firm has a market capitalization of $1.92 billion, a P/E ratio of -33.78, a P/E/G ratio of 0.72 and a beta of 2.42. The company has a current ratio of 1.45, a quick ratio of 0.86 and a debt-to-equity ratio of 1.71. The stock has a 50 day simple moving average of $15.00 and a 200-day simple moving average of $12.09.

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

Dana Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, February 28th were paid a $0.10 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.40 annualized dividend and a dividend yield of 3.04%. Dana’s dividend payout ratio (DPR) is -102.56%.

Hedge Funds Weigh In On Dana

Several institutional investors and hedge funds have recently bought and sold shares of the stock. JB Capital Partners LP increased its position in Dana by 28.6% in the fourth quarter. JB Capital Partners LP now owns 1,832,293 shares of the auto parts company’s stock worth $21,181,000 after buying an additional 407,000 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of Dana by 1.9% during the 4th quarter. Russell Investments Group Ltd. now owns 936,143 shares of the auto parts company’s stock valued at $10,822,000 after acquiring an additional 17,569 shares during the period. Loomis Sayles & Co. L P purchased a new stake in Dana in the 4th quarter worth approximately $9,498,000. Cibc World Markets Corp raised its stake in Dana by 1.8% during the 4th quarter. Cibc World Markets Corp now owns 687,220 shares of the auto parts company’s stock worth $7,944,000 after acquiring an additional 12,220 shares during the period. Finally, Great Lakes Advisors LLC lifted its holdings in Dana by 103.6% during the fourth quarter. Great Lakes Advisors LLC now owns 280,798 shares of the auto parts company’s stock valued at $3,246,000 after purchasing an additional 142,850 shares in the last quarter. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

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.