Dana (NYSE:DAN) Sees Unusually-High Trading Volume

Dana Incorporated (NYSE:DAN) shares saw an uptick in trading volume on Friday . 690,972 shares changed hands during mid-day trading, a decline of 42% from the previous session’s volume of 1,189,332 shares.The stock last traded at $10.41 and had previously closed at $10.46.

Analyst Upgrades and Downgrades

DAN has been the topic of a number of recent research reports. StockNews.com upgraded shares of Dana from a “hold” rating to a “buy” rating in a research note on Friday, August 2nd. Wolfe Research initiated coverage on shares of Dana in a report on Thursday. They issued a “peer perform” rating on the stock. Barclays boosted their target price on shares of Dana from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research note on Friday, August 2nd. UBS Group cut their price target on Dana from $14.00 to $12.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. Finally, JPMorgan Chase & Co. lowered their price objective on Dana from $18.00 to $17.00 and set an “overweight” rating for the company in a research report on Monday, July 22nd. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Dana currently has an average rating of “Hold” and a consensus price target of $15.20.

Dana Stock Down 2.8 %

The firm’s 50 day simple moving average is $11.41 and its 200-day simple moving average is $12.33. The company has a market cap of $1.47 billion, a price-to-earnings ratio of 116.22 and a beta of 2.33. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.48 and a quick ratio of 0.90.

Dana (NYSE:DAN) last announced its earnings results on Wednesday, July 31st. The auto parts company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.07. The firm had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.76 billion. Dana had a positive return on equity of 4.98% and a negative net margin of 0.01%. The business’s revenue was down .4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.37 EPS. As a group, sell-side analysts anticipate that Dana Incorporated will post 0.9 earnings per share for the current year.

Dana Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 9th were issued a $0.10 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.93%. Dana’s payout ratio is 444.44%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Cibc World Markets Corp raised its holdings in shares of Dana by 46.0% in the fourth quarter. Cibc World Markets Corp now owns 1,190,000 shares of the auto parts company’s stock valued at $17,386,000 after buying an additional 375,000 shares during the last quarter. Great Lakes Advisors LLC increased its position in Dana by 89.5% in the 4th quarter. Great Lakes Advisors LLC now owns 126,015 shares of the auto parts company’s stock valued at $1,841,000 after acquiring an additional 59,502 shares during the period. SG Americas Securities LLC acquired a new stake in Dana during the 2nd quarter worth approximately $388,000. Finally, Rhumbline Advisers grew its stake in shares of Dana by 1.3% in the 2nd quarter. Rhumbline Advisers now owns 426,586 shares of the auto parts company’s stock valued at $5,170,000 after purchasing an additional 5,468 shares during the last quarter. 96.79% of the stock is owned by hedge funds and other 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.