Dana (NYSE:DAN) Sees Strong Trading Volume – Still a Buy?

Dana Incorporated (NYSE:DAN) shares saw an uptick in trading volume on Monday . 552,924 shares were traded during mid-day trading, a decline of 57% from the previous session’s volume of 1,294,788 shares.The stock last traded at $11.00 and had previously closed at $11.17.

Analysts Set New Price Targets

Several analysts have commented on DAN shares. Barclays dropped their target price on shares of Dana from $16.00 to $14.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 15th. Wolfe Research initiated coverage on shares of Dana in a research report on Thursday, September 5th. They issued a “peer perform” rating on the stock. UBS Group reduced their target price on shares of Dana from $14.00 to $12.00 and set a “neutral” rating for the company in a research note on Wednesday, July 10th. Wells Fargo & Company downgraded Dana from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $13.00 to $9.00 in a research note on Friday, September 20th. Finally, JPMorgan Chase & Co. reduced their price objective on Dana from $17.00 to $16.00 and set an “overweight” rating for the company in a research report on Monday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $13.50.

Dana Price Performance

The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.90 and a current ratio of 1.48. The company has a fifty day moving average price of $10.59 and a two-hundred day moving average price of $11.90. The company has a market cap of $1.58 billion, a P/E ratio of 121.44, a PEG ratio of 0.62 and a beta of 2.28.

Dana (NYSE:DAN) last posted its quarterly earnings results on Wednesday, July 31st. The auto parts company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.07. The firm had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.76 billion. Dana had a positive return on equity of 4.98% and a negative net margin of 0.01%. During the same period last year, the company earned $0.37 earnings per share. The business’s revenue was down .4% compared to the same quarter last year. On average, sell-side analysts anticipate that Dana Incorporated will post 0.95 earnings per share for the current fiscal year.

Dana Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 9th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 3.68%. The ex-dividend date was Friday, August 9th. Dana’s dividend payout ratio (DPR) is currently 444.44%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Dana stock. SG Americas Securities LLC increased its holdings in shares of Dana Incorporated (NYSE:DAN) by 81.8% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 58,274 shares of the auto parts company’s stock after purchasing an additional 26,225 shares during the period. SG Americas Securities LLC’s holdings in Dana were worth $615,000 as of its most recent filing with the SEC. 96.79% of the stock is currently owned by hedge funds and other 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.