Dana (DAN) Hits New 12-Month Low at $13.76

Dana Inc (NYSE:DAN)’s share price hit a new 52-week low during trading on Tuesday . The company traded as low as $13.76 and last traded at $14.26, with a volume of 1940174 shares traded. The stock had previously closed at $14.43.

A number of brokerages have recently commented on DAN. Zacks Investment Research lowered shares of Dana from a “hold” rating to a “sell” rating in a research report on Monday, October 22nd. Buckingham Research reduced their target price on shares of Dana from $26.00 to $22.00 and set a “neutral” rating on the stock in a research report on Thursday, July 26th. Stephens reaffirmed a “hold” rating and set a $23.00 target price on shares of Dana in a research report on Wednesday, August 1st. Royal Bank of Canada reaffirmed a “buy” rating and set a $21.00 target price on shares of Dana in a research report on Monday. Finally, Wolfe Research began coverage on shares of Dana in a research report on Tuesday, October 2nd. They set a “peer perform” rating on the stock. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $25.80.

The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.05 and a current ratio of 1.63. The company has a market cap of $2.40 billion, a PE ratio of 5.93, a P/E/G ratio of 4.46 and a beta of 1.68.

Dana (NYSE:DAN) last released its quarterly earnings data on Monday, October 29th. The auto parts company reported $0.77 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.02. Dana had a net margin of 2.51% and a return on equity of 32.56%. The firm had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same period last year, the firm earned $0.59 earnings per share. The company’s quarterly revenue was up 8.0% on a year-over-year basis. As a group, equities analysts expect that Dana Inc will post 2.94 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Stockholders of record on Friday, November 9th will be paid a dividend of $0.10 per share. The ex-dividend date is Thursday, November 8th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.69%. Dana’s dividend payout ratio is presently 15.87%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DAN. Macquarie Group Ltd. boosted its stake in shares of Dana by 54.8% during the second quarter. Macquarie Group Ltd. now owns 9,600 shares of the auto parts company’s stock valued at $194,000 after purchasing an additional 3,400 shares in the last quarter. Global X Management Co LLC bought a new position in shares of Dana during the second quarter valued at approximately $220,000. Nomura Holdings Inc. bought a new position in shares of Dana during the second quarter valued at approximately $262,000. PEAK6 Investments L.P. boosted its stake in shares of Dana by 157.0% during the second quarter. PEAK6 Investments L.P. now owns 13,866 shares of the auto parts company’s stock valued at $280,000 after purchasing an additional 38,182 shares in the last quarter. Finally, WINTON GROUP Ltd bought a new position in shares of Dana during the second quarter valued at approximately $328,000. Hedge funds and other institutional investors own 93.04% of the company’s stock.

About Dana (NYSE:DAN)

Dana Incorporated provides drive and motion products, sealing solutions, thermal-management technologies, and fluid-power products to vehicle and engine manufacturer in North America, Europe, South America, and the Asia Pacific. The company operates in four segments: Light Vehicle Driveline Technologies, Commercial Vehicle Driveline Technologies, Off-Highway Driveline Technologies, and Power Technologies.

Further Reading: What factors cause inflation to rise?

Receive News & Ratings for Dana Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dana and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply