Dana (NYSE:DAN) Trading Down 5.9% – Time to Sell?

Dana Incorporated (NYSE:DAN) shares traded down 5.9% during trading on Friday . The company traded as low as $15.68 and last traded at $15.61. 974,430 shares changed hands during trading, a decline of 44% from the average session volume of 1,736,167 shares. The stock had previously closed at $16.58.

Wall Street Analyst Weigh In

DAN has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. boosted their price objective on Dana from $14.00 to $20.00 and gave the company an “overweight” rating in a report on Monday. Deutsche Bank Aktiengesellschaft raised Dana from a “hold” rating to a “buy” rating and increased their price objective for the stock from $9.00 to $19.00 in a research note on Monday, December 9th. Barclays lifted their target price on Dana from $18.00 to $23.00 and gave the company an “overweight” rating in a research report on Tuesday. UBS Group increased their price target on Dana from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Wells Fargo & Company upgraded Dana from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $10.00 to $16.00 in a report on Monday. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.86.

Dana Stock Performance

The company has a quick ratio of 0.86, a current ratio of 1.49 and a debt-to-equity ratio of 1.58. The firm has a 50-day moving average price of $12.18 and a two-hundred day moving average price of $11.00. The firm has a market cap of $2.29 billion, a PE ratio of -143.11, a P/E/G ratio of 0.73 and a beta of 2.31.

Dana (NYSE:DAN) last announced its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $2.48 billion during the quarter, compared to analysts’ expectations of $2.57 billion. During the same quarter in the previous year, the business posted $0.30 EPS. The company’s revenue for the quarter was down 7.2% on a year-over-year basis. Research analysts forecast that Dana Incorporated will post 0.84 EPS for the current fiscal year.

Institutional Trading of Dana

Large investors have recently bought and sold shares of the business. Segall Bryant & Hamill LLC acquired a new stake in shares of Dana in the third quarter valued at $2,687,000. JB Capital Partners LP lifted its position in shares of Dana by 9.9% during the third quarter. JB Capital Partners LP now owns 1,425,293 shares of the auto parts company’s stock worth $14,880,000 after purchasing an additional 128,000 shares in the last quarter. Martingale Asset Management L P purchased a new position in shares of Dana in the third quarter valued at approximately $346,000. SG Americas Securities LLC grew its holdings in shares of Dana by 81.8% in the third quarter. SG Americas Securities LLC now owns 58,274 shares of the auto parts company’s stock valued at $615,000 after purchasing an additional 26,225 shares in the last quarter. Finally, Entropy Technologies LP purchased a new stake in Dana during the 3rd quarter worth approximately $250,000. 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.