Dana (NYSE:DAN) Sets New 52-Week High – Time to Buy?

Dana Incorporated (NYSE:DAN) hit a new 52-week high on Tuesday . The company traded as high as $16.86 and last traded at $16.81, with a volume of 365056 shares. The stock had previously closed at $16.35.

Wall Street Analysts Forecast Growth

DAN has been the subject of a number of research analyst reports. JPMorgan Chase & Co. increased their price target on Dana from $14.00 to $20.00 and gave the company an “overweight” rating in a research report on Monday, January 27th. Wells Fargo & Company raised shares of Dana from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $10.00 to $16.00 in a report on Monday, January 27th. UBS Group lifted their price objective on shares of Dana from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. BNP Paribas raised shares of Dana from a “neutral” rating to an “outperform” rating and increased their target price for the company from $9.00 to $16.00 in a research report on Tuesday, December 3rd. Finally, Barclays lifted their price target on shares of Dana from $18.00 to $23.00 and gave the stock an “overweight” rating in a report on Tuesday, January 28th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Dana has an average rating of “Moderate Buy” and a consensus price target 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 company has a market capitalization of $2.37 billion, a PE ratio of -148.36, a PEG ratio of 0.75 and a beta of 2.33. The company has a 50-day moving average price of $13.64 and a two-hundred day moving average price of $11.43.

Dana (NYSE:DAN) last released its quarterly earnings data on Thursday, February 20th. The auto parts company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.15. Dana had a negative net margin of 0.15% and a positive return on equity of 3.48%. Analysts predict that Dana Incorporated will post 0.84 EPS for the current fiscal year.

Dana Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, February 28th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.45%. The ex-dividend date is Friday, February 28th. Dana’s payout ratio is -363.60%.

Institutional Trading of Dana

A number of large investors have recently modified their holdings of the business. GAMMA Investing LLC increased its position in shares of Dana by 118.3% in the fourth quarter. GAMMA Investing LLC now owns 2,702 shares of the auto parts company’s stock worth $31,000 after purchasing an additional 1,464 shares during the last quarter. Versant Capital Management Inc increased its holdings in shares of Dana by 484.6% in the 4th quarter. Versant Capital Management Inc now owns 2,695 shares of the auto parts company’s stock worth $31,000 after buying an additional 2,234 shares during the last quarter. Sterling Capital Management LLC raised its position in shares of Dana by 829.3% during the 4th quarter. Sterling Capital Management LLC now owns 4,182 shares of the auto parts company’s stock valued at $48,000 after buying an additional 3,732 shares in the last quarter. Entropy Technologies LP bought a new stake in shares of Dana during the 3rd quarter worth $250,000. Finally, Martingale Asset Management L P purchased a new position in Dana in the third quarter worth $346,000. Institutional investors own 96.79% of the company’s stock.

About Dana

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.