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

Dana Incorporated (NYSE:DAN)’s stock price gapped down before the market opened 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.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on DAN. JPMorgan Chase & Co. upped their price target on shares of Dana from $39.00 to $45.00 and gave the stock an “overweight” rating in a report on Thursday, April 23rd. Royal Bank Of Canada upped their price target on shares of Dana from $32.00 to $40.00 and gave the stock an “outperform” rating in a report on Thursday, February 19th. Wells Fargo & Company upped their price target on shares of Dana from $35.00 to $36.00 and gave the stock an “equal weight” rating in a report on Thursday, April 30th. Barclays upped their price target on shares of Dana from $32.00 to $41.00 and gave the stock an “overweight” rating in a report on Monday, March 30th. Finally, UBS Group increased their price objective on Dana from $40.00 to $42.00 and gave the company a “buy” rating in a report on Tuesday, April 14th. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Dana currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.00.

Dana Stock Down 15.0%

The company has a quick ratio of 1.09, a current ratio of 1.57 and a debt-to-equity ratio of 0.61. The firm has a market cap of $3.26 billion, a P/E ratio of 2.93 and a beta of 1.94. The stock’s 50-day simple moving average is $35.45 and its 200 day simple moving average is $30.92.

Dana (NYSE:DAN) last issued its quarterly earnings results on Friday, May 15th. The auto parts company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.18). The firm had revenue of $1.87 billion for the quarter. Dana had a net margin of 15.12% and a return on equity of 3.56%. As a group, research analysts forecast that Dana Incorporated will post 2.64 EPS for the current fiscal year.

Dana Dividend Announcement

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

Hedge Funds Weigh In On Dana

Several large investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted its position in shares of Dana by 11.3% during the 4th quarter. GAMMA Investing LLC now owns 4,315 shares of the auto parts company’s stock worth $103,000 after buying an additional 439 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Dana by 39.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,580 shares of the auto parts company’s stock worth $38,000 after buying an additional 445 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of Dana by 105.2% during the 1st quarter. Parallel Advisors LLC now owns 1,925 shares of the auto parts company’s stock worth $65,000 after buying an additional 987 shares in the last quarter. State of Tennessee Department of Treasury lifted its position in shares of Dana by 10.7% during the 2nd quarter. State of Tennessee Department of Treasury now owns 55,842 shares of the auto parts company’s stock worth $958,000 after buying an additional 5,405 shares in the last quarter. Finally, Captrust Financial Advisors bought a new position in shares of Dana during the 2nd quarter worth approximately $176,000. Institutional investors own 96.79% of the company’s stock.

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.