Dana (NYSE:DAN) Sets New 1-Year High – Here’s Why

Dana Incorporated (NYSE:DAN)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $29.53 and last traded at $29.3150, with a volume of 470963 shares traded. The stock had previously closed at $27.25.

Wall Street Analyst Weigh In

Several research firms have issued reports on DAN. UBS Group boosted their price objective on shares of Dana from $28.00 to $31.00 and gave the company a “buy” rating in a research report on Wednesday, January 14th. Weiss Ratings reissued a “hold (c)” rating on shares of Dana in a research note on Monday, December 29th. Barclays raised their price objective on Dana from $25.00 to $27.00 and gave the stock an “overweight” rating in a report on Friday, October 10th. Zacks Research downgraded Dana from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 12th. Finally, JPMorgan Chase & Co. raised their price target on Dana from $26.00 to $28.00 and gave the company an “overweight” rating in a research note on Monday, November 3rd. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $27.20.

Dana Trading Up 8.5%

The company has a fifty day moving average of $23.49 and a 200-day moving average of $20.60. The company has a market capitalization of $3.45 billion, a price-to-earnings ratio of 65.58, a PEG ratio of 1.10 and a beta of 2.14. The company has a current ratio of 1.31, a quick ratio of 0.96 and a debt-to-equity ratio of 2.23.

Dana (NYSE:DAN) last issued its quarterly earnings results on Wednesday, October 29th. The auto parts company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.09). Dana had a return on equity of 6.35% and a net margin of 0.64%.The firm had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.91 billion. During the same quarter in the previous year, the firm posted $0.12 earnings per share. The firm’s revenue for the quarter was up 1.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Dana Incorporated will post 1.5 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Dana

A number of hedge funds and other institutional investors have recently bought and sold shares of DAN. GAMMA Investing LLC lifted its position in shares of Dana by 11.3% during the fourth quarter. GAMMA Investing LLC now owns 4,315 shares of the auto parts company’s stock worth $103,000 after purchasing an additional 439 shares in the last quarter. Amalgamated Bank grew its stake in shares of Dana by 3.5% in the third quarter. Amalgamated Bank now owns 38,337 shares of the auto parts company’s stock worth $768,000 after acquiring an additional 1,279 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of Dana during the second quarter worth $25,000. State of Tennessee Department of Treasury raised its stake in shares of Dana by 10.7% in the second quarter. State of Tennessee Department of Treasury now owns 55,842 shares of the auto parts company’s stock valued at $958,000 after acquiring an additional 5,405 shares in the last quarter. Finally, Rhumbline Advisers boosted its holdings in Dana by 2.2% in the second quarter. Rhumbline Advisers now owns 401,017 shares of the auto parts company’s stock valued at $6,877,000 after purchasing an additional 8,787 shares during the period. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

About Dana

Dana Incorporated is a global leader in the design and manufacture of drivetrain, sealing, and thermal-management technologies for the automotive, commercial vehicle, off-highway and industrial markets. The company’s product portfolio includes axles, driveshafts, transmissions, e-Propulsion systems and thermal-management assemblies that help improve fuel efficiency, reduce emissions and enhance vehicle performance. Dana’s expertise spans internal combustion and electrified powertrains, positioning it to support both traditional and next-generation mobility solutions.

Founded in 1904 by Clarence W.