Dana (NYSE:DAN) Reaches New 1-Year High - Here's What Happened

Dana Incorporated (NYSE:DAN - Get Free Report)'s share price reached a new 52-week high on Thursday . The stock traded as high as $16.64 and last traded at $16.51, with a volume of 2162970 shares changing hands. The stock had previously closed at $16.15.

Analyst Ratings Changes

A number of research firms recently commented on DAN. BNP Paribas raised Dana from a "neutral" rating to an "outperform" rating and increased their target price for the company from $9.00 to $16.00 in a research note on Tuesday, December 3rd. UBS Group boosted their target price on Dana from $18.00 to $20.00 and gave the stock a "buy" rating in a research report on Monday. StockNews.com cut shares of Dana from a "buy" rating to a "hold" rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. boosted their price objective on shares of Dana from $14.00 to $20.00 and gave the stock an "overweight" rating in a report on Monday. Finally, Wells Fargo & Company raised Dana from an "underweight" rating to an "equal weight" rating and raised their price objective for the company from $10.00 to $16.00 in a research note on Monday. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $18.86.

Dana Price Performance

The business has a 50-day simple moving average of $12.02 and a 200 day simple moving average of $10.96. The company has a current ratio of 1.49, a quick ratio of 0.86 and a debt-to-equity ratio of 1.58.

Dana (NYSE:DAN - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The auto parts company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.13). Dana had a negative net margin of 0.15% and a positive return on equity of 3.48%. The company had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter last year, the firm earned $0.30 EPS. The business's revenue was down 7.2% on a year-over-year basis. Equities research analysts forecast that Dana Incorporated will post 0.85 EPS for the current fiscal year.

Institutional Trading of Dana

Large investors have recently bought and sold shares of the company. Segall Bryant & Hamill LLC purchased a new position in Dana during the 3rd quarter valued at about $2,687,000. JB Capital Partners LP boosted its position in shares of Dana by 9.9% in the 3rd quarter. JB Capital Partners LP now owns 1,425,293 shares of the auto parts company's stock worth $14,880,000 after purchasing an additional 128,000 shares in the last quarter. Martingale Asset Management L P bought a new position in Dana during the 3rd quarter valued at approximately $346,000. SG Americas Securities LLC raised its stake in Dana by 81.8% during the third quarter. SG Americas Securities LLC now owns 58,274 shares of the auto parts company's stock valued at $615,000 after buying an additional 26,225 shares during the last quarter. Finally, Entropy Technologies LP bought a new stake in Dana in the third quarter worth $250,000. 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.