Dana (NYSE:DAN) Shares Down 5.2% - What's Next?

Dana Incorporated (NYSE:DAN - Get Free Report)'s stock price dropped 5.2% during trading on Thursday . The company traded as low as $13.13 and last traded at $13.89. Approximately 455,199 shares were traded during mid-day trading, a decline of 70% from the average daily volume of 1,531,806 shares. The stock had previously closed at $14.66.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on DAN. StockNews.com raised shares of Dana from a "hold" rating to a "buy" rating in a report on Wednesday, March 19th. JPMorgan Chase & Co. upped their target price on shares of Dana from $14.00 to $20.00 and gave the company an "overweight" rating in a report on Monday, January 27th. Royal Bank of Canada increased their target price on Dana from $13.00 to $16.00 and gave the stock a "sector perform" rating in a research report on Friday, February 21st. Wells Fargo & Company upgraded Dana from an "underweight" rating to an "equal weight" rating and lifted their price target for the company from $10.00 to $16.00 in a report on Monday, January 27th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Dana from a "hold" rating to a "buy" rating and increased their price objective for the stock from $9.00 to $19.00 in a report on Monday, December 9th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $18.50.

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Dana Trading Up 1.3 %

The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.86 and a current ratio of 1.45. The company has a market capitalization of $1.94 billion, a price-to-earnings ratio of -34.17, a price-to-earnings-growth ratio of 0.72 and a beta of 2.42. The business's 50 day moving average price is $15.00 and its two-hundred day moving average price is $12.13.

Dana (NYSE:DAN - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The auto parts company reported $0.25 EPS for the quarter, topping analysts' consensus estimates of $0.10 by $0.15. Dana had a positive return on equity of 6.70% and a negative net margin of 0.55%. The company had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.33 billion. Equities analysts forecast that Dana Incorporated will post 1.5 earnings per share for the current fiscal year.

Dana Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, February 28th were given a $0.10 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.40 annualized dividend and a yield of 3.00%. Dana's dividend payout ratio (DPR) is -102.56%.

Institutional Investors Weigh In On Dana

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Great Lakes Advisors LLC raised its position in shares of Dana by 103.6% during the fourth quarter. Great Lakes Advisors LLC now owns 280,798 shares of the auto parts company's stock worth $3,246,000 after purchasing an additional 142,850 shares during the period. Yousif Capital Management LLC raised its holdings in Dana by 2.0% during the 4th quarter. Yousif Capital Management LLC now owns 56,818 shares of the auto parts company's stock worth $657,000 after buying an additional 1,130 shares during the period. GAMMA Investing LLC lifted its stake in Dana by 118.3% during the fourth quarter. GAMMA Investing LLC now owns 2,702 shares of the auto parts company's stock valued at $31,000 after buying an additional 1,464 shares in the last quarter. Versant Capital Management Inc boosted its holdings 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 buying an additional 2,234 shares during the period. Finally, Loomis Sayles & Co. L P purchased a new position in shares of Dana in the fourth quarter worth approximately $9,498,000. Institutional investors and hedge funds own 96.79% of the company's stock.

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.