Dana (NYSE:DAN) Sees Strong Trading Volume

Dana Incorporated (NYSE:DAN) shares saw unusually-strong trading volume on Friday . Approximately 1,068,149 shares changed hands during mid-day trading, a decline of 15% from the previous session’s volume of 1,250,862 shares.The stock last traded at $12.14 and had previously closed at $12.01.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on DAN shares. JPMorgan Chase & Co. dropped their target price on Dana from $19.00 to $18.00 and set an “overweight” rating on the stock in a research report on Monday, February 26th. Wells Fargo & Company lowered their price target on Dana from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 21st. Finally, Barclays lowered their price target on Dana from $16.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 28th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $16.43.

Dana Price Performance

The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.93 and a current ratio of 1.58. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of 46.39, a price-to-earnings-growth ratio of 0.35 and a beta of 2.49. The business has a fifty day moving average of $12.48 and a two-hundred day moving average of $13.06.

Dana (NYSE:DAN) last released its quarterly earnings data on Tuesday, February 20th. The auto parts company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.06). The company had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.58 billion. Dana had a return on equity of 7.37% and a net margin of 0.36%. Dana’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.10) earnings per share. As a group, research analysts predict that Dana Incorporated will post 0.99 EPS for the current fiscal year.

Dana Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 1st were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date was Thursday, February 29th. Dana’s dividend payout ratio is 153.85%.

Institutional Investors Weigh In On Dana

Institutional investors have recently added to or reduced their stakes in the business. Captrust Financial Advisors grew its holdings in Dana by 121.5% during the 2nd quarter. Captrust Financial Advisors now owns 5,502 shares of the auto parts company’s stock worth $77,000 after acquiring an additional 3,018 shares during the last quarter. Public Employees Retirement Association of Colorado grew its holdings in Dana by 105.0% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 20,434 shares of the auto parts company’s stock worth $299,000 after acquiring an additional 10,466 shares during the last quarter. Teachers Retirement System of The State of Kentucky bought a new stake in Dana during the 3rd quarter worth approximately $335,000. Handelsbanken Fonder AB boosted its stake in shares of Dana by 71.5% in the 4th quarter. Handelsbanken Fonder AB now owns 35,490 shares of the auto parts company’s stock valued at $519,000 after purchasing an additional 14,800 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Dana in the 3rd quarter valued at $567,000. 96.79% of the stock is owned by institutional investors.

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.