Shares of Dana Incorporated (NYSE:DAN – Get Rating) reached a new 52-week low during trading on Thursday . The stock traded as low as $13.04 and last traded at $13.13, with a volume of 75856 shares trading hands. The stock had previously closed at $13.47.
Analyst Ratings Changes
A number of brokerages recently issued reports on DAN. Wells Fargo & Company increased their price target on shares of Dana from $15.00 to $16.00 and gave the stock an "equal weight" rating in a report on Thursday, August 4th. Deutsche Bank Aktiengesellschaft downgraded shares of Dana from a "buy" rating to a "hold" rating and lowered their price target for the stock from $18.00 to $15.00 in a report on Thursday, August 4th. Finally, Royal Bank of Canada increased their price target on shares of Dana from $17.00 to $18.00 and gave the stock an "outperform" rating in a report on Thursday, August 4th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $16.25.
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Dana Price Performance
The stock's 50-day moving average price is $15.67 and its 200 day moving average price is $15.71. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of 17.48 and a beta of 2.25. The company has a quick ratio of 0.91, a current ratio of 1.52 and a debt-to-equity ratio of 1.24.
Dana (NYSE:DAN – Get Rating) last issued its earnings results on Wednesday, August 3rd. The auto parts company reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.21 by ($0.13). The business had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.45 billion. Dana had a net
margin of 1.03% and a return on equity of 4.89%. Dana's quarterly revenue was up 17.3% on a year-over-year basis. During the same quarter last year, the company earned $0.59 earnings per share. Equities research analysts expect that Dana Incorporated will post 0.74 earnings per share for the current fiscal year.
Dana Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 2nd. Investors of record on Friday, August 12th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 3.32%. The ex-dividend date of this dividend was Thursday, August 11th. Dana's payout ratio is currently 57.97%.
Institutional Investors Weigh In On Dana
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Pzena Investment Management LLC increased its position in Dana by 19.2% during the second quarter. Pzena Investment Management LLC now owns 5,798,157 shares of the auto parts company's stock worth $81,580,000 after purchasing an additional 932,632 shares during the last quarter. Gamco Investors INC. ET AL boosted its stake in Dana by 9.6% during the first quarter. Gamco Investors INC. ET AL now owns 3,612,318 shares of the auto parts company's stock worth $63,468,000 after buying an additional 316,466 shares during the period. Gabelli Funds LLC boosted its stake in Dana by 2.3% during the first quarter. Gabelli Funds LLC now owns 2,621,679 shares of the auto parts company's stock worth $46,063,000 after buying an additional 60,025 shares during the period. Russell Investments Group Ltd. boosted its stake in Dana by 90.9% during the second quarter. Russell Investments Group Ltd. now owns 1,769,847 shares of the auto parts company's stock worth $24,900,000 after buying an additional 842,703 shares during the period. Finally, Loomis Sayles & Co. L P boosted its stake in Dana by 0.3% during the fourth quarter. Loomis Sayles & Co. L P now owns 872,522 shares of the auto parts company's stock worth $19,911,000 after buying an additional 2,253 shares during the period. 95.98% of the stock is currently owned by institutional investors and hedge funds.
Dana Company Profile
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Dana Incorporated provides power-conveyance and energy-management solutions for vehicles and machinery in North America, Europe, South America, and the Asia Pacific. It operates in four segments: Light Vehicle Drive Systems, Commercial Vehicle Drive and Motion Systems, Off-Highway Drive and Motion Systems, and Power Technologies.
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