Dana (NYSE:DAN) Sets New 52-Week High – Time to Buy?

Dana Incorporated (NYSE:DAN)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $16.86 and last traded at $16.81, with a volume of 365056 shares traded. The stock had previously closed at $16.35.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft raised Dana from a “hold” rating to a “buy” rating and increased their price objective for the company from $9.00 to $19.00 in a research note on Monday, December 9th. UBS Group increased their price target on shares of Dana from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Barclays boosted their price objective on shares of Dana from $18.00 to $23.00 and gave the company an “overweight” rating in a research report on Tuesday, January 28th. JPMorgan Chase & Co. increased their target price on shares of Dana from $14.00 to $20.00 and gave the stock an “overweight” rating in a report on Monday, January 27th. Finally, Wells Fargo & Company upgraded Dana from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $10.00 to $16.00 in a report on Monday, January 27th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $18.86.

Dana Price Performance

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 firm’s 50-day moving average is $13.64 and its 200-day moving average is $11.43. The company has a market cap of $2.37 billion, a PE ratio of -148.36, a PEG ratio of 0.75 and a beta of 2.33.

Dana (NYSE:DAN) last announced its earnings results on Thursday, February 20th. The auto parts company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.15. Dana had a positive return on equity of 3.48% and a negative net margin of 0.15%. On average, equities analysts anticipate that Dana Incorporated will post 0.84 EPS for the current year.

Dana Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, February 28th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date is Friday, February 28th. Dana’s dividend payout ratio is presently -363.60%.

Institutional Trading of Dana

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

Dana Company Profile

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.