Dana (NYSE:DAN) Sets New 12-Month High – Here’s What Happened

Shares of Dana Incorporated (NYSE:DAN) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $31.81 and last traded at $31.73, with a volume of 828518 shares traded. The stock had previously closed at $30.40.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dana in a research note on Monday, December 29th. UBS Group boosted their price target on shares of Dana from $31.00 to $35.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Royal Bank Of Canada boosted their target price on shares of Dana from $26.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, January 22nd. JPMorgan Chase & Co. increased their price target on shares of Dana from $26.00 to $28.00 and gave the company an “overweight” rating in a report on Monday, November 3rd. Finally, Wells Fargo & Company boosted their price objective on Dana from $24.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $32.17.

Dana Trading Up 4.4%

The firm has a market cap of $3.71 billion, a P/E ratio of 70.51, a P/E/G ratio of 1.28 and a beta of 2.14. The company’s 50 day simple moving average is $25.62 and its 200-day simple moving average is $21.63. The company has a quick ratio of 0.96, a current ratio of 1.31 and a debt-to-equity ratio of 2.23.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in DAN. FNY Investment Advisers LLC bought a new stake in Dana during the 2nd quarter valued at about $25,000. GAMMA Investing LLC increased its position in shares of Dana by 11.3% during the fourth quarter. GAMMA Investing LLC now owns 4,315 shares of the auto parts company’s stock worth $103,000 after acquiring an additional 439 shares during the period. Captrust Financial Advisors bought a new stake in shares of Dana during the second quarter valued at approximately $176,000. SG Americas Securities LLC purchased a new stake in shares of Dana in the third quarter valued at approximately $488,000. Finally, Horizon Investments LLC bought a new position in Dana in the third quarter worth approximately $553,000. 96.79% of the stock is currently owned by institutional investors.

About Dana

Dana Incorporated is a global leader in the design and manufacture of drivetrain, sealing, and thermal-management technologies for the automotive, commercial vehicle, off-highway and industrial markets. The company’s product portfolio includes axles, driveshafts, transmissions, e-Propulsion systems and thermal-management assemblies that help improve fuel efficiency, reduce emissions and enhance vehicle performance. Dana’s expertise spans internal combustion and electrified powertrains, positioning it to support both traditional and next-generation mobility solutions.

Founded in 1904 by Clarence W.