Dana Inc (NYSE:DAN) saw a significant decline in short interest in January. As of January 31st, there was short interest totalling 3,810,000 shares, a decline of 15.7% from the January 15th total of 4,520,000 shares. Based on an average daily volume of 1,160,000 shares, the days-to-cover ratio is currently 3.3 days. Currently, 2.7% of the shares of the stock are sold short.
A number of equities research analysts have weighed in on the company. UBS Group assumed coverage on Dana in a report on Tuesday, November 19th. They set an “outperform” rating and a $20.00 price objective on the stock. Oppenheimer assumed coverage on Dana in a report on Tuesday, November 19th. They set an “outperform” rating and a $20.00 price objective on the stock. ValuEngine raised Dana from a “strong sell” rating to a “sell” rating in a report on Wednesday, January 8th. KeyCorp lifted their price objective on Dana from $20.00 to $22.00 and gave the company an “overweight” rating in a report on Friday. Finally, Zacks Investment Research raised Dana from a “sell” rating to a “hold” rating in a report on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. Dana currently has a consensus rating of “Buy” and an average price target of $21.13.
Shares of DAN traded down $0.35 on Friday, hitting $17.56. The company’s stock had a trading volume of 1,428,000 shares, compared to its average volume of 1,422,094. The company has a market capitalization of $2.23 billion, a PE ratio of 10.51, a PEG ratio of 1.13 and a beta of 2.29. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.64 and a quick ratio of 1.03. Dana has a fifty-two week low of $11.57 and a fifty-two week high of $20.96. The company has a 50 day moving average price of $16.80 and a 200 day moving average price of $15.87.
Dana (NYSE:DAN) last announced its earnings results on Thursday, February 13th. The auto parts company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.60 by $0.07. The business had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $2.01 billion. Dana had a return on equity of 26.97% and a net margin of 2.80%. Dana’s revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.76 EPS. On average, equities analysts forecast that Dana will post 3.02 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, February 28th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.28%. The ex-dividend date of this dividend is Thursday, February 27th. Dana’s payout ratio is currently 13.47%.
Institutional investors and hedge funds have recently made changes to their positions in the company. Sandy Spring Bank acquired a new position in shares of Dana in the 3rd quarter worth approximately $43,000. Guinness Atkinson Asset Management Inc acquired a new position in Dana during the 4th quarter worth $76,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Dana by 12.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,207 shares of the auto parts company’s stock worth $168,000 after buying an additional 1,007 shares in the last quarter. Virtu Financial LLC acquired a new position in Dana during the 3rd quarter worth $145,000. Finally, Advisors Preferred LLC acquired a new position in Dana during the 4th quarter worth $183,000. 94.60% of the stock is currently owned by institutional investors and hedge funds.
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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