Dana (NYSE:DAN) Shares Gap Down – Time to Sell?

Dana Incorporated (NYSE:DAN)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $35.47, but opened at $33.18. Dana shares last traded at $29.80, with a volume of 357,083 shares changing hands.

Analyst Upgrades and Downgrades

Several brokerages recently commented on DAN. JPMorgan Chase & Co. raised their price objective on Dana from $39.00 to $45.00 and gave the stock an “overweight” rating in a research note on Thursday, April 23rd. Weiss Ratings raised Dana from a “hold (c-)” rating to a “buy (b-)” rating in a research note on Monday, May 18th. Wells Fargo & Company raised their price objective on Dana from $35.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 30th. Royal Bank Of Canada raised their price objective on Dana from $32.00 to $40.00 and gave the stock an “outperform” rating in a research note on Thursday, February 19th. Finally, Zacks Research downgraded Dana from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $40.00.

Dana Price Performance

The company has a market cap of $3.26 billion, a P/E ratio of 2.93 and a beta of 1.94. The company has a fifty day moving average price of $35.45 and a two-hundred day moving average price of $30.92. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.09 and a current ratio of 1.57.

Dana (NYSE:DAN) last announced its quarterly earnings results on Friday, May 15th. The auto parts company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.18). Dana had a return on equity of 3.56% and a net margin of 15.12%.The business had revenue of $1.87 billion for the quarter. On average, sell-side analysts anticipate that Dana Incorporated will post 2.64 earnings per share for the current fiscal year.

Dana Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 8th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Friday, May 8th. Dana’s payout ratio is 4.66%.

Institutional Investors Weigh In On Dana

Several institutional investors have recently made changes to their positions in the stock. Loomis Sayles & Co. L P lifted its stake in Dana by 61.2% during the fourth quarter. Loomis Sayles & Co. L P now owns 1,591,768 shares of the auto parts company’s stock worth $37,820,000 after purchasing an additional 604,246 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in Dana by 3.1% during the third quarter. Russell Investments Group Ltd. now owns 927,987 shares of the auto parts company’s stock worth $18,597,000 after purchasing an additional 27,712 shares during the last quarter. SG Americas Securities LLC lifted its stake in Dana by 1,341.4% during the first quarter. SG Americas Securities LLC now owns 690,454 shares of the auto parts company’s stock worth $23,234,000 after purchasing an additional 642,552 shares during the last quarter. Tudor Investment Corp ET AL lifted its stake in Dana by 28.4% during the fourth quarter. Tudor Investment Corp ET AL now owns 273,631 shares of the auto parts company’s stock worth $6,501,000 after purchasing an additional 60,487 shares during the last quarter. Finally, Bessemer Group Inc. increased its holdings in shares of Dana by 44.3% during the first quarter. Bessemer Group Inc. now owns 208,088 shares of the auto parts company’s stock worth $7,002,000 after buying an additional 63,879 shares in the last quarter. 96.79% of the stock is currently owned by institutional investors.

Dana Company Profile

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.