Dana (NYSE:DAN) Trading Up 5.5%

Shares of Dana Inc (NYSE:DAN) were up 5.5% on Thursday . The stock traded as high as $19.41 and last traded at $19.40. Approximately 3,081,674 shares changed hands during trading, an increase of 78% from the average daily volume of 1,734,690 shares. The stock had previously closed at $18.38.

Several research analysts recently weighed in on DAN shares. Zacks Investment Research upgraded Dana from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research report on Tuesday, March 19th. Barclays reiterated a “buy” rating and set a $24.00 price target on shares of Dana in a research report on Wednesday, March 13th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $21.00.

The company has a debt-to-equity ratio of 1.67, a current ratio of 1.63 and a quick ratio of 1.02. The stock’s fifty day moving average is $16.46. The firm has a market capitalization of $2.79 billion, a P/E ratio of 6.71, a price-to-earnings-growth ratio of 1.64 and a beta of 2.00.

Dana (NYSE:DAN) last issued its quarterly earnings data on Thursday, May 2nd. The auto parts company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.73 by $0.05. Dana had a return on equity of 31.31% and a net margin of 5.11%. The company had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same period last year, the company earned $0.75 earnings per share. Dana’s quarterly revenue was up 1.2% compared to the same quarter last year. As a group, sell-side analysts expect that Dana Inc will post 3.33 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 17th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.01%. The ex-dividend date of this dividend was Thursday, May 16th. Dana’s payout ratio is currently 13.47%.

In other Dana news, VP James D. Kellett sold 2,825 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $16.05, for a total value of $45,341.25. Following the sale, the vice president now directly owns 2,704 shares of the company’s stock, valued at $43,399.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.75% of the stock is currently owned by company insiders.

Several large investors have recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of Dana by 2.6% in the fourth quarter. BlackRock Inc. now owns 19,251,879 shares of the auto parts company’s stock worth $262,402,000 after acquiring an additional 490,320 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Dana by 3.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,342,857 shares of the auto parts company’s stock worth $59,193,000 after acquiring an additional 137,551 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Dana by 29.7% in the fourth quarter. Bank of New York Mellon Corp now owns 2,619,399 shares of the auto parts company’s stock worth $35,703,000 after acquiring an additional 599,876 shares during the last quarter. LSV Asset Management boosted its stake in shares of Dana by 1.1% in the first quarter. LSV Asset Management now owns 2,603,403 shares of the auto parts company’s stock worth $46,184,000 after acquiring an additional 28,400 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Dana in the fourth quarter worth approximately $30,517,000. 94.24% of the stock is currently owned by hedge funds and other institutional investors.

About Dana (NYSE:DAN)

Dana Incorporated provides drive and motion products, sealing solutions, thermal-management technologies, and fluid-power products to vehicle and engine manufacturer in North America, Europe, South America, and the Asia Pacific. The company operates in four segments: Light Vehicle Driveline Technologies, Commercial Vehicle Driveline Technologies, Off-Highway Drive and Motion Technologies, and Power Technologies.

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