Dana (NYSE:DAN) Hits New 1-Year Low at $13.28

Dana Incorporated (NYSE:DANGet Rating)’s share price reached a new 52-week low on Friday . The company traded as low as $13.28 and last traded at $13.50, with a volume of 18545 shares. The stock had previously closed at $13.34.

DAN has been the subject of several analyst reports. Exane BNP Paribas initiated coverage on Dana in a report on Monday, April 11th. They set a “neutral” rating for the company. BNP Paribas initiated coverage on Dana in a report on Monday, April 11th. They set a “neutral” rating for the company. TheStreet lowered Dana from a “b-” rating to a “c” rating in a report on Wednesday, February 23rd. Barclays decreased their price objective on Dana from $18.00 to $16.00 in a report on Thursday, April 28th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Dana from $21.00 to $18.00 in a report on Thursday, April 28th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Dana presently has a consensus rating of “Hold” and a consensus price target of $21.00.

The stock has a market capitalization of $1.87 billion, a PE ratio of 13.47 and a beta of 2.30. The stock’s 50 day moving average is $15.66 and its two-hundred day moving average is $19.04. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.90 and a current ratio of 1.52.

Dana (NYSE:DANGet Rating) last issued its quarterly earnings results on Wednesday, April 27th. The auto parts company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. The firm had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.24 billion. Dana had a net margin of 1.56% and a return on equity of 8.65%. Dana’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period last year, the company posted $0.66 EPS. Equities research analysts expect that Dana Incorporated will post 1.29 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, May 27th. Shareholders of record on Friday, May 6th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date was Thursday, May 5th. Dana’s dividend payout ratio (DPR) is 40.40%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Patriot Financial Group Insurance Agency LLC raised its position in shares of Dana by 331.3% during the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 1,311 shares of the auto parts company’s stock valued at $30,000 after buying an additional 1,007 shares during the period. Verity Asset Management Inc. acquired a new stake in Dana in the 1st quarter valued at approximately $96,000. Crossmark Global Holdings Inc. increased its holdings in Dana by 6.8% in the 1st quarter. Crossmark Global Holdings Inc. now owns 13,070 shares of the auto parts company’s stock valued at $229,000 after purchasing an additional 830 shares during the last quarter. Meritage Portfolio Management increased its holdings in Dana by 5.4% in the 4th quarter. Meritage Portfolio Management now owns 10,070 shares of the auto parts company’s stock valued at $230,000 after purchasing an additional 512 shares during the last quarter. Finally, Keene & Associates Inc. increased its holdings in Dana by 19.9% in the 1st quarter. Keene & Associates Inc. now owns 19,707 shares of the auto parts company’s stock valued at $346,000 after purchasing an additional 3,267 shares during the last quarter. 94.65% of the stock is currently owned by institutional investors and hedge funds.

About Dana (NYSE:DAN)

Dana Incorporated provides power-conveyance and energy-management solutions for vehicles and machinery in North America, Europe, South America, and the Asia Pacific. It operates in four segments: Light Vehicle Drive Systems, Commercial Vehicle Drive and Motion Systems, Off-Highway Drive and Motion Systems, and Power Technologies.

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