Dana (DAN) Hits New 12-Month Low at $16.65

Shares of Dana Inc (NYSE:DAN) reached a new 52-week low on Thursday . The company traded as low as $16.65 and last traded at $16.69, with a volume of 137389 shares changing hands. The stock had previously closed at $17.01.

A number of research firms have recently weighed in on DAN. Zacks Investment Research downgraded Dana from a “hold” rating to a “strong sell” rating in a research report on Monday, July 30th. Royal Bank of Canada reissued a “buy” rating and set a $30.00 price target on shares of Dana in a report on Tuesday, July 17th. Stephens reissued a “hold” rating and set a $23.00 price target on shares of Dana in a report on Wednesday, August 1st. Buckingham Research lowered their price target on Dana from $26.00 to $22.00 and set a “neutral” rating for the company in a report on Thursday, July 26th. Finally, ValuEngine cut Dana from a “sell” rating to a “strong sell” rating in a report on Thursday, June 28th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $27.67.

The company has a quick ratio of 1.05, a current ratio of 1.63 and a debt-to-equity ratio of 1.41. The firm has a market capitalization of $2.70 billion, a P/E ratio of 6.47, a price-to-earnings-growth ratio of 4.99 and a beta of 1.68.

Dana (NYSE:DAN) last posted its quarterly earnings results on Wednesday, July 25th. The auto parts company reported $0.74 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.04). Dana had a return on equity of 32.56% and a net margin of 2.51%. The business had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2 billion. During the same period last year, the firm posted $0.68 EPS. Dana’s quarterly revenue was up 11063.0% on a year-over-year basis. On average, equities research analysts anticipate that Dana Inc will post 2.95 earnings per share for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Arizona State Retirement System increased its holdings in Dana by 2.8% in the 2nd quarter. Arizona State Retirement System now owns 101,001 shares of the auto parts company’s stock worth $2,039,000 after purchasing an additional 2,726 shares in the last quarter. Amalgamated Bank increased its holdings in Dana by 13.9% in the 2nd quarter. Amalgamated Bank now owns 23,661 shares of the auto parts company’s stock worth $478,000 after purchasing an additional 2,885 shares in the last quarter. Engineers Gate Manager LP increased its holdings in Dana by 2.0% in the 2nd quarter. Engineers Gate Manager LP now owns 153,988 shares of the auto parts company’s stock worth $3,109,000 after purchasing an additional 3,090 shares in the last quarter. Macquarie Group Ltd. increased its holdings in Dana by 54.8% in the 2nd quarter. Macquarie Group Ltd. now owns 9,600 shares of the auto parts company’s stock worth $194,000 after purchasing an additional 3,400 shares in the last quarter. Finally, Xact Kapitalforvaltning AB increased its holdings in Dana by 21.0% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 21,890 shares of the auto parts company’s stock worth $442,000 after purchasing an additional 3,800 shares in the last quarter. 93.88% of the stock is owned by institutional investors and hedge funds.

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 Driveline Technologies, and Power Technologies.

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