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

Dana Incorporated (NYSE:DAN - Get Free Report) 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.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on DAN. UBS Group raised their price target on Dana from $18.00 to $20.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Deutsche Bank Aktiengesellschaft upgraded Dana from a "hold" rating to a "buy" rating and raised their price target for the stock from $9.00 to $19.00 in a research report on Monday, December 9th. JPMorgan Chase & Co. lifted their target price on Dana from $14.00 to $20.00 and gave the company an "overweight" rating in a research report on Monday, January 27th. Royal Bank of Canada lifted their target price on Dana from $13.00 to $16.00 and gave the company a "sector perform" rating in a research report on Friday. Finally, Wells Fargo & Company upgraded Dana from an "underweight" rating to an "equal weight" rating and lifted their target price for the company from $10.00 to $16.00 in a research report on Monday, January 27th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Dana has an average rating of "Moderate Buy" and an average price target of $18.50.

Dana Stock Performance

The company has a market capitalization of $2.28 billion, a P/E ratio of -142.84, a PEG ratio of 0.73 and a beta of 2.33. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.49 and a quick ratio of 0.86. The company has a fifty day moving average price of $13.70 and a two-hundred day moving average price of $11.46.

Dana (NYSE:DAN - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The auto parts company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.15. The company had revenue of $2.34 billion for the quarter, compared to analysts' expectations of $2.33 billion. Dana had a positive return on equity of 3.48% and a negative net margin of 0.15%. Equities analysts forecast that Dana Incorporated will post 0.84 earnings per share for the current fiscal year.

Dana Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, February 28th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.55%. The ex-dividend date of this dividend is Friday, February 28th. Dana's dividend payout ratio (DPR) is currently -363.60%.

Institutional Trading of Dana

Hedge funds and other institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC lifted its stake in shares of Dana by 118.3% in the fourth quarter. GAMMA Investing LLC now owns 2,702 shares of the auto parts company's stock worth $31,000 after acquiring an additional 1,464 shares during the period. Versant Capital Management Inc lifted its stake in shares of Dana by 484.6% in the fourth quarter. Versant Capital Management Inc now owns 2,695 shares of the auto parts company's stock worth $31,000 after acquiring an additional 2,234 shares during the period. Sterling Capital Management LLC lifted its stake in shares of Dana by 829.3% in the fourth quarter. Sterling Capital Management LLC now owns 4,182 shares of the auto parts company's stock worth $48,000 after acquiring an additional 3,732 shares during the period. Entropy Technologies LP acquired a new position in shares of Dana in the third quarter worth approximately $250,000. Finally, Martingale Asset Management L P acquired a new position in shares of Dana in the third quarter worth approximately $346,000. 96.79% of the stock is currently 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.