Dana (NYSE:DAN) Hits New 1-Year High – Here’s Why

Shares of Dana Incorporated (NYSE:DAN) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $15.16 and last traded at $16.01, with a volume of 146334 shares. The stock had previously closed at $13.23.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Barclays upgraded Dana from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $12.00 to $18.00 in a research report on Monday, December 2nd. Wells Fargo & Company increased their price objective on shares of Dana from $7.00 to $10.00 and gave the stock an “underweight” rating in a research note on Monday, December 16th. StockNews.com lowered shares of Dana from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. UBS Group upgraded shares of Dana from a “neutral” rating to a “buy” rating and increased their price target for the stock from $11.00 to $18.00 in a research report on Thursday, January 16th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Dana from $16.00 to $14.00 and set an “overweight” rating for the company in a research report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $16.14.

Dana Price Performance

The company has a current ratio of 1.49, a quick ratio of 0.86 and a debt-to-equity ratio of 1.58. The firm’s 50-day moving average price is $11.53 and its 200-day moving average price is $10.87. The stock has a market capitalization of $2.20 billion, a PE ratio of -137.82 and a beta of 2.31.

Dana (NYSE:DAN) last announced its 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). Dana had a positive return on equity of 3.48% and a negative net margin of 0.15%. The company had revenue of $2.48 billion during the quarter, compared to analysts’ expectations of $2.57 billion. During the same quarter last year, the firm posted $0.30 EPS. Dana’s revenue for the quarter was down 7.2% compared to the same quarter last year. On average, equities analysts forecast that Dana Incorporated will post 0.85 EPS for the current fiscal year.

Institutional Trading of Dana

Several institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC boosted its stake in shares of Dana by 81.8% during the third quarter. SG Americas Securities LLC now owns 58,274 shares of the auto parts company’s stock valued at $615,000 after purchasing an additional 26,225 shares during the period. Entropy Technologies LP purchased a new stake in Dana in the 3rd quarter valued at about $250,000. Segall Bryant & Hamill LLC bought a new position in Dana in the 3rd quarter worth about $2,687,000. JB Capital Partners LP grew its stake in Dana by 9.9% in the 3rd quarter. JB Capital Partners LP now owns 1,425,293 shares of the auto parts company’s stock worth $14,880,000 after acquiring an additional 128,000 shares in the last quarter. Finally, Martingale Asset Management L P bought a new stake in shares of Dana during the third quarter valued at approximately $346,000. Institutional investors 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.