Dana (NYSE:DAN) Sees Unusually-High Trading Volume

Shares of Dana Incorporated (NYSE:DAN) saw strong trading volume on Friday . 1,068,149 shares traded hands during trading, a decline of 15% from the previous session’s volume of 1,250,862 shares.The stock last traded at $12.14 and had previously closed at $12.01.

Analyst Upgrades and Downgrades

DAN has been the subject of several recent research reports. JPMorgan Chase & Co. lowered their price objective on Dana from $19.00 to $18.00 and set an “overweight” rating for the company in a research note on Monday, February 26th. Barclays decreased their price target on shares of Dana from $16.00 to $15.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 28th. Finally, Wells Fargo & Company dropped their price target on shares of Dana from $14.00 to $13.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 21st. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Dana currently has a consensus rating of “Hold” and a consensus price target of $16.43.

Dana Trading Up 1.2 %

The stock has a market cap of $1.76 billion, a P/E ratio of 46.73, a price-to-earnings-growth ratio of 0.34 and a beta of 2.49. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.93 and a current ratio of 1.58. The firm’s fifty day simple moving average is $12.45 and its 200-day simple moving average is $13.04.

Dana (NYSE:DAN) last announced its earnings results on Tuesday, February 20th. The auto parts company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.06). The firm had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.58 billion. Dana had a return on equity of 7.37% and a net margin of 0.36%. Dana’s quarterly revenue was down 2.4% on a year-over-year basis. During the same period in the prior year, the business earned ($0.10) EPS. Equities research analysts expect that Dana Incorporated will post 0.99 EPS for the current fiscal year.

Dana Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 1st were given a dividend of $0.10 per share. The ex-dividend date was Thursday, February 29th. This represents a $0.40 annualized dividend and a dividend yield of 3.29%. Dana’s payout ratio is 153.85%.

Institutional Investors Weigh In On Dana

A number of hedge funds have recently added to or reduced their stakes in the business. Captrust Financial Advisors grew its holdings in Dana by 121.5% in the second quarter. Captrust Financial Advisors now owns 5,502 shares of the auto parts company’s stock worth $77,000 after purchasing an additional 3,018 shares during the period. Public Employees Retirement Association of Colorado grew its stake in shares of Dana by 105.0% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 20,434 shares of the auto parts company’s stock valued at $299,000 after buying an additional 10,466 shares during the period. Teachers Retirement System of The State of Kentucky bought a new stake in Dana in the 3rd quarter valued at about $335,000. Handelsbanken Fonder AB raised its stake in Dana by 71.5% during the 4th quarter. Handelsbanken Fonder AB now owns 35,490 shares of the auto parts company’s stock worth $519,000 after buying an additional 14,800 shares during the period. Finally, SG Americas Securities LLC bought a new position in Dana in the third quarter worth approximately $567,000. 96.79% of the stock is currently owned by institutional investors.

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.