Dana (NYSE:DAN) Trading Up 5% – Still a Buy?

Dana Incorporated (NYSE:DAN) shares shot up 5% during mid-day trading on Wednesday . The stock traded as high as $10.03 and last traded at $10.03. 82,750 shares changed hands during 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 Analysts Forecast Growth

DAN has been the subject of several research reports. Barclays dropped their price target on shares of Dana from $14.00 to $12.00 and set an “equal weight” rating for the company in a research note on Thursday, October 31st. JPMorgan Chase & Co. reduced 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. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $12.00 target price on shares of Dana in a research note on Tuesday, September 10th. StockNews.com downgraded shares of Dana from a “buy” rating to a “hold” rating in a research note on Wednesday, October 9th. Finally, Wells Fargo & Company decreased their price objective on shares of Dana from $9.00 to $7.00 and set an “underweight” rating for the company in a research report on Thursday, October 31st. 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. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $12.50.

Dana Trading Up 5.3 %

The firm has a market cap of $1.46 billion, a price-to-earnings ratio of -92.81, a price-to-earnings-growth ratio of 0.86 and a beta of 2.30. 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 business’s 50-day moving average price is $9.69 and its two-hundred day moving average price is $11.17.

Dana (NYSE:DAN) last posted its quarterly earnings results on Wednesday, October 30th. The auto parts company reported $0.12 EPS 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 business had revenue of $2.48 billion during the quarter, compared to analysts’ expectations of $2.57 billion. During the same quarter last year, the firm earned $0.30 EPS. The firm’s quarterly revenue was down 7.2% compared to the same quarter last year. Equities analysts expect that Dana Incorporated will post 0.85 earnings per share for the current year.

Dana Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 8th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 3.98%. The ex-dividend date of this dividend is Friday, November 8th. Dana’s dividend payout ratio (DPR) is currently -363.60%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Entropy Technologies LP acquired a new position in Dana during the 3rd quarter worth approximately $250,000. Martingale Asset Management L P acquired a new position in shares of Dana during the third quarter worth $346,000. SG Americas Securities LLC purchased a new position in shares of Dana in the second quarter valued at $388,000. Segall Bryant & Hamill LLC acquired a new stake in Dana during the 3rd quarter valued at $2,687,000. Finally, Rhumbline Advisers increased its stake in Dana by 1.3% during the 2nd quarter. Rhumbline Advisers now owns 426,586 shares of the auto parts company’s stock worth $5,170,000 after buying an additional 5,468 shares during the period. Hedge funds and other institutional investors 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.