Dana (NYSE:DAN) Hits New 52-Week Low at $12.53

Dana Inc (NYSE:DAN) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $12.53 and last traded at $12.53, with a volume of 31453 shares trading hands. The stock had previously closed at $12.94.

A number of research firms have issued reports on DAN. Credit Suisse Group began coverage on shares of Dana in a research note on Wednesday, June 26th. They issued an “outperform” rating and a $22.00 target price for the company. Wolfe Research cut shares of Dana from an “outperform” rating to a “peer perform” rating in a research note on Thursday, April 18th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Dana from a “sell” rating to a “hold” rating in a research note on Monday. Finally, ValuEngine cut shares of Dana from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $21.10.

The firm has a 50 day simple moving average of $17.63. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.63 and a quick ratio of 1.01. The stock has a market cap of $1.86 billion, a price-to-earnings ratio of 4.22, a price-to-earnings-growth ratio of 1.17 and a beta of 2.17.

Dana (NYSE:DAN) last issued its quarterly earnings data on Wednesday, July 31st. The auto parts company reported $0.87 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.89 by ($0.02). The firm had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.35 billion. Dana had a return on equity of 29.55% and a net margin of 2.67%. Dana’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.74 earnings per share. As a group, research analysts expect that Dana Inc will post 3.25 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 16th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 3.20%. The ex-dividend date is Thursday, August 15th. Dana’s payout ratio is currently 13.47%.

In related news, VP James D. Kellett sold 2,825 shares of the company’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $16.05, for a total transaction of $45,341.25. Following the completion of the transaction, the vice president now directly owns 2,704 shares in the company, valued at approximately $43,399.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.75% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the stock. Nuveen Asset Management LLC grew its holdings in shares of Dana by 47.8% in the 2nd quarter. Nuveen Asset Management LLC now owns 2,602,629 shares of the auto parts company’s stock worth $51,896,000 after purchasing an additional 842,244 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Dana by 3,016.1% in the 2nd quarter. Victory Capital Management Inc. now owns 1,310,709 shares of the auto parts company’s stock worth $26,136,000 after purchasing an additional 1,268,646 shares during the last quarter. UBS Asset Management Americas Inc. grew its holdings in shares of Dana by 7.2% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 193,918 shares of the auto parts company’s stock worth $3,867,000 after purchasing an additional 13,100 shares during the last quarter. Jane Street Group LLC grew its holdings in shares of Dana by 123.6% in the 2nd quarter. Jane Street Group LLC now owns 17,165 shares of the auto parts company’s stock worth $342,000 after purchasing an additional 89,857 shares during the last quarter. Finally, Cubist Systematic Strategies LLC grew its holdings in shares of Dana by 63.4% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 177,050 shares of the auto parts company’s stock worth $3,530,000 after purchasing an additional 68,669 shares during the last quarter. Hedge funds and other institutional investors own 94.25% of the company’s stock.

Dana Company Profile (NYSE:DAN)

Dana Incorporated provides drive and motion products, sealing solutions, thermal-management technologies, and fluid-power products to vehicle and engine manufacturer in North America, Europe, South America, and the Asia Pacific. The company operates in four segments: Light Vehicle Driveline Technologies, Commercial Vehicle Driveline Technologies, Off-Highway Drive and Motion Technologies, and Power Technologies.

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