Dana (NYSE:DAN) Stock Price Up 5% – Time to Buy?

Dana Incorporated (NYSE:DAN)’s share price traded up 5% on Wednesday . The company traded as high as $10.03 and last traded at $10.03. 82,750 shares traded hands during mid-day trading, a decline of 94% from the average session volume of 1,421,635 shares. The stock had previously closed at $9.55.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on DAN shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $12.00 target price on shares of Dana in a research note on Tuesday, September 10th. JPMorgan Chase & Co. lowered their price target on Dana from $16.00 to $14.00 and set an “overweight” rating on the stock in a research report on Monday, November 11th. Wolfe Research started coverage on Dana in a research report on Thursday, September 5th. They issued a “peer perform” rating for the company. Barclays decreased their target price on Dana from $14.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 31st. Finally, StockNews.com lowered shares of Dana from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $12.50.

Dana Price Performance

The company has a 50-day moving average of $9.68 and a 200 day moving average of $11.16. The company has a quick ratio of 0.86, a current ratio of 1.49 and a debt-to-equity ratio of 1.58. The stock has a market capitalization of $1.47 billion, a PE ratio of -92.00, a PEG ratio of 0.86 and a beta of 2.30.

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

Dana Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 8th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 3.95%. The ex-dividend date is Friday, November 8th. Dana’s dividend payout ratio is currently -363.64%.

Institutional Investors Weigh In On Dana

Several hedge funds and other institutional investors have recently made changes to their positions in DAN. Segall Bryant & Hamill LLC acquired a new position in Dana during the third quarter worth $2,687,000. JB Capital Partners LP raised its holdings in shares of Dana by 9.9% during 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 acquiring an additional 128,000 shares during the period. Martingale Asset Management L P acquired a new position in shares of Dana during the 3rd quarter valued at about $346,000. SG Americas Securities LLC purchased a new stake in shares of Dana in the second quarter valued at about $388,000. Finally, Entropy Technologies LP acquired a new stake in Dana during the third quarter worth about $250,000. Institutional investors and hedge funds own 96.79% of the company’s stock.

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.