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.
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.
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